Accounts Payable Analyst information
$14.90 - $16.94
1% of jobs
$16.94 - $18.97
6% of jobs
$21.78 is the 25th percentile. Wages below this are outliers.
$21 - $23.03
16% of jobs
The median wage is $24.67 / hr.
$23.03 - $25.07
19% of jobs
$25.07 - $27.10
13% of jobs
$28.39 is the 75th percentile. Wages above this are outliers.
$27.10 - $29.13
14% of jobs
$29.13 - $31.16
8% of jobs
$31.16 - $33.19
5% of jobs
$33.19 - $35.23
5% of jobs
$35.23 - $37.26
1% of jobs
To thrive as an Accounts Payable Analyst, you need a solid understanding of accounting principles, strong numerical skills, and typically an associate's or bachelor's degree in accounting or finance. Familiarity with ERP systems such as SAP or Oracle, proficiency in Excel, and sometimes certification like the Certified Accounts Payable Professional (CAPP) are commonly required. Attention to detail, organizational skills, and effective communication are essential soft skills for managing invoices and collaborating with vendors. These abilities ensure accurate financial records, timely payments, and efficient workflow, which are critical for maintaining strong vendor relationships and organizational integrity.
Accounts Payable Analysts often encounter challenges such as managing high volumes of invoices, ensuring timely payments, and resolving discrepancies with vendors. Staying organized and detail-oriented is crucial, as is maintaining clear communication with both internal departments and external suppliers. Utilizing accounting software and automation tools can help streamline processes, while regular training ensures you stay updated on best practices and compliance requirements.
Accounts payable analysts typically earn a median annual salary of around $45,000 to $55,000, depending on experience, location, and industry. Entry-level roles may start lower, while experienced analysts with certifications can earn higher salaries. They often work with accounting software and handle invoice processing and vendor payments.
Accounts payable analysts manage invoice processing, payment scheduling, and vendor communication, which can involve attention to detail and accuracy. The job can be routine but may require handling high volumes of transactions and resolving discrepancies, making it moderately challenging depending on workload and systems used.
An accounts payable analyst is responsible for processing and verifying invoices, ensuring timely payments to vendors, and maintaining accurate financial records. They often use accounting software and require strong attention to detail and understanding of financial procedures to manage the company's outgoing payments efficiently.
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