Managers of accounts payable handle all invoices and bills that companies have to pay. Therefore, they need to be extremely proficient in mathematical and accounting abilities. One small error could result in the company spending hundreds of thousands, which is why paying attention to details is essential. Additionally the accounts payable manager must be organized and have an excellent understanding of computers, particularly Excel as well as other software for accounting. Managers of accounts payable typically supervise a team of accountants to ensure they're following the rules. They will also often recruit, train and interview their team members. They can provide support and to solve problems when they occur. Managers of accounts payable may be in contact with clients of a company more frequently, which is why having good interpersonal skills is usually required for this kind of job. Additionally, they typically work for (and give reports to) the company's top executives. As managers of accounts payable are the ones who play an important role in observing the daily movement of company's funds and must be reliable skilled, knowledgeable and competent. An accounting degree of a bachelor's level is typically the minimum requirement for education along with a solid amount of work experience. Accounts payable managers should be able to manage stress and be confident enough to lead or be accountable for crucial issues.

The accounts payable manager position in the United States is expected to witness steady growth in the market. A 10-year analysis indicates a positive trend for this job role, with an increasing demand for qualified professionals. The Bureau of Labor Statistics projects a 6% growth in employment opportunities for financial managers, which includes accounts payable managers, from 2019 to 2029. Factors such as globalization and evolving financial regulations contribute to the need for skilled professionals in this field. With a rising number of businesses and organizations, there will likely be ample opportunities for individuals seeking a career as an accounts payable manager in the coming years.

How to Learn

As an Accounts Payable Manager with 9+ years of experience in the United States, your main responsibilities include:<ul><li> Managing and overseeing the accounts payable team, ensuring accurate and timely processing of invoices, payments, and expense reports.</li><li> Developing and implementing policies, procedures, and controls to optimize the accounts payable process and ensure compliance with regulatory standards.</li><li> Building and maintaining relationships with vendors, negotiating payment terms, and resolving any payment discrepancies or issues.</li><li> Generating financial reports and providing analysis on accounts payable data to support management decision-making and budgeting processes.</li></ul>

Roles & Responsibilities

Average take home Salary for a Accounts Payable Manager in United States is around $90407 per year

Salary Breakup

Managers of accounts payable handle all invoices and bills that companies have to pay. Therefore, they need to be extremely proficient in mathematical and accounting abilities. One small error could result in the company spending hundreds of thousands, which is why paying attention to details is essential. Additionally the accounts payable manager must be organized and have an excellent understanding of computers, particularly Excel as well as other software for accounting.


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Accounts Payable Manager

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