Accounts Payable Specialist

Career Guide
An Accounts Payable Specialist is responsible for managing and processing invoices, ensuring proper documentation, and maintaining accurate financial records. They play a crucial role in managing a company's expenses and cash flow.

Key Responsibilities

  • Processing and verifying invoices for payment
  • Maintaining and updating vendor accounts
  • Reconciling account statements and resolving discrepancies
  • Preparing financial reports related to accounts payable
  • Ensuring compliance with financial policies and procedures

Top Skills for Success

Attention to Detail
Knowledge of Accounting Software
Data Entry
Communication Skills

Career Progression

Can Lead To
Accounts Payable Manager
Accounting Supervisor
Transition Opportunities
Accounts Receivable Specialist
Financial Analyst

Common Skill Gaps

Often Missing Skills
Advanced Excel SkillsUnderstanding of Regulatory Compliance
Development SuggestionsConsider enrolling in courses related to financial regulations and advanced Excel training.

Salary & Demand

Median Salary Range
Entry Level$35,000 - $45,000
Mid Level$45,000 - $55,000
Senior Level$55,000 - $70,000
Growth Trend
Steady demand due to the essential nature of the role in financial operations across industries.

Companies Hiring

Major Employers
DeloitteErnst & YoungKPMG
Industry Sectors
FinanceRetailManufacturing

Recommended Next Steps

1
Gain certification in accounting software like QuickBooks or SAP.
2
Join professional networks for finance and accounting professionals.

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