A team of accounts payable clerks and/or bookkeepers is managed by an accounts payable manager. Managing payroll processes, employee reimbursements, and vendor payments are all common responsibilities. Overseeing the use of financial software applications and transitions to new systems are common responsibilities. Although many employers prefer a bachelor’s degree in accounting or business, a high school diploma and several years of on-the-job experience are usually the minimum requirements. These executives work in both the public and private sectors in a variety of industries.
An accounts payable manager’s job description almost always includes oversight of payroll processes and vendor payments. Large companies typically have a separate department devoted to processing payroll and issuing payments to vendors, which is staffed entirely by accounting clerks and bookkeepers. This person is in charge of these employees and also plays a key role in internal and external audits. A large part of this manager’s responsibilities include intervening to resolve problems, such as a missing payroll check or a late vendor payment.
Working as an accounts payable manager typically necessitates a combination of educational achievements, accounting skills, and work experience. Many employers prefer candidates who have a bachelor’s degree in accounting or business, but they will occasionally accept a high school diploma or associate’s degree with relevant experience. Without a degree, an aspiring manager can work his way up by starting as an accounting clerk or bookkeeper and gaining experience over time. Knowledge of specific financial software is almost always required and is usually acquired on the job. These managers must also be familiar with payroll and sales tax laws.
Accounts payable manager positions can be found in a variety of industries. These managers are employed by both local and state government offices. Managers are required to oversee the accounts payable processes in private companies, whether large or small. Accounts payable managers work for a variety of organizations, including educational institutions, health care organizations, and non-profit organizations.
Working as an accounts payable manager necessitates a unique set of skills. Managers have access to payroll data and are required to keep it confidential. They must be detail-oriented in order to identify discrepancies when reconciling accounts, in addition to being trustworthy. Because these managers are in charge of employees, they must have strong interpersonal skills, excellent communication skills, and the ability to resolve conflicts and resolve complaints.