What does an Accounts Payable Manager do?
Published 4 min read
An accounts payable manager is responsible for the management and supervision of the accounts payable department. They are in charge of ensuring that invoices are paid in a timely and accurate manner, as well as managing the department budget.
Accounts Payable Manager job duties include:
- Review and verify invoices and check requests
- Sort, code and match invoices
- Set invoices up for payment
- Enter and upload invoices into system
- Track expenses and process expense reports
- Prepare and process electronic transfers and payments
- Reconcile accounts payable transactions
- Prepare analyses of accounts
- Monitor accounts to ensure payments are up to date
- Resolve invoice discrepancies
Accounts Payable Manager Job Requirements
Most employers require accounts payable managers to have a bachelor’s degree in accounting, finance, or a related field. Some employers may prefer candidates who have a master’s degree or certification in management accounting. Accounts payable managers typically have several years of experience working in accounting or finance roles. They should be skilled in managing and analyzing financial data, as well as have experience using accounting software. Strong interpersonal and communication skills are also important, as accounts payable managers often interact with vendors and other members of the accounting team.
Accounts Payable Manager Skills
- Accounts Payable
- Accounts Receivable
- Bank Reconciliation
- Financial Reporting
- General Ledger
- Invoicing
- Payroll
- Tax Preparation
- Budgeting
- Cost Control
- Financial Analysis
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How to become an Accounts Payable Manager
The Accounts Payable Manager is responsible for the efficient and accurate operation of the Accounts Payable function. This position reports to the Controller and works closely with other members of the accounting team. The Accounts Payable Manager supervises a team of Accounts Payable clerks and is responsible for ensuring that invoices are processed timely and accurately, payments are made in a timely manner, and vendor inquiries are resolved promptly.
The ideal candidate for this position will have a strong background in Accounts Payable, excellent supervisory skills, and a high level of accuracy and attention to detail. They will also be able to work independently and be able to handle a high volume of work with tight deadlines. If you have these qualities and are interested in becoming an Accounts Payable Manager, here are a few tips to get you started:
1. Get experience in Accounts Payable: To become an Accounts Payable Manager, you will need to have significant experience working in Accounts Payable. Start by applying for entry-level positions in Accounts Payable departments at various organizations. As you gain experience, you can move up to more senior positions.
2. Develop your supervisory skills: An important part of being an Accounts Payable Manager is supervising a team of clerks. As you gain experience in the field, start developing your supervisory skills by taking on additional responsibilities at work or volunteering for leadership roles in organizations outside of work.
3. Increase your accuracy and attention to detail: One of the most important qualities for an Accounts Payable Manager is accuracy and attention to detail. As you gain experience in the field, make sure to hone your skills in these areas so that you can be successful in this role.
4. Stay up-to-date on changes in accounting: The field of accounting is constantly changing, so it’s important to stay up-to-date on new developments. Take courses or attend seminars on topics related to accounts payable so that you can be prepared for changes in the field.
5. Network with other professionals: Another great way to become an Accounts Payable Manager is to network with other professionals in the field. Attend industry events or join professional organizations related to accounts payable so that you can meet other professionals and learn about new opportunities.
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