Account analyst vs account payables analyst

The differences between account analysts and account payables analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an account analyst, becoming an account payables analyst takes usually requires 4-6 years. Additionally, an account analyst has an average salary of $55,829, which is higher than the $54,356 average annual salary of an account payables analyst.

The top three skills for an account analyst include customer service, patients and financial statements. The most important skills for an account payables analyst are customer service, data entry, and purchase orders.

Account analyst vs account payables analyst overview

	Account Analyst	Account Payables Analyst
Yearly salary	$55,829	$54,356
Hourly rate	$26.84	$26.13
Growth rate	6%	-5%
Number of jobs	106,327	73,985
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 63%
Average age	44	51
Years of experience	4	6

What does an account analyst do?

Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.

What does an account payables analyst do?

An accounts payable analyst is primarily responsible for managing and processing invoices and payments, ensuring accuracy and timeliness. They are also responsible for coordinating with various departments to obtain and acquire data and invoices, submitting payments to external vendors and suppliers, identifying errors and inconsistencies, and providing corrective measures. One may also perform clerical tasks such as producing progress reports and presentations, managing schedules, addressing issues and concerns through calls and correspondence, and resolving them promptly and efficiently.

Account analyst vs account payables analyst salary

Account analysts and account payables analysts have different pay scales, as shown below.

	Account Analyst	Account Payables Analyst
Average salary	$55,829	$54,356
Salary range	Between $39,000 And $78,000	Between $39,000 And $74,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New York	New York
Best paying company	Venable	SMTC
Best paying industry	Finance	Energy

Differences between account analyst and account payables analyst education

There are a few differences between an account analyst and an account payables analyst in terms of educational background:

	Account Analyst	Account Payables Analyst
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 63%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Account analyst vs account payables analyst demographics

Here are the differences between account analysts' and account payables analysts' demographics:

	Account Analyst	Account Payables Analyst
Average age	44	51
Gender ratio	Male, 38.0% Female, 62.0%	Male, 26.3% Female, 73.7%
Race ratio	Black or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between account analyst and account payables analyst duties and responsibilities

Account analyst example responsibilities.

Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Prepare and review KYC require documentation for multiple business lines.
Prepare weekly payroll through ADP and reconciliation of quarterly payroll taxes and reports.
Prepare PowerPoint presentation for CFO to deliver budget report to board and finance committees.
Prepare monthly payroll and accompanying journal entries, and process ADP payroll and reconciliation.
Consolidate orders going to the same location and submit to warehouse by EDI or fax transmission.

Account payables analyst example responsibilities.

Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Perform month end close activities such as account reconciliations and journal entries resulting in accurate financial statement reporting.
Perform validation in ERP to ensure invoices not already paid.
Maintain fixed assets in ERP system to report the correct depreciation monthly.
Request current vendors to switch payment type from check to ACH and enroll in e-Invoicing for faster and more efficient processing.
Coordinate ACH implementation/conversion to electronic payment system.

Account analyst vs account payables analyst skills

Common account analyst skills

Customer Service, 17%
Patients, 11%
Financial Statements, 9%
Financial Reports, 5%
PowerPoint, 4%
Reconciliations, 4%

Common account payables analyst skills

Customer Service, 11%
Data Entry, 6%
Purchase Orders, 5%
Reconciliations, 5%
Vendor Invoices, 5%
Expense Reports, 4%

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Account Analyst vs Account Payables Analyst

Updated January 8, 2025

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