If you love to multitask and work with invoices and orders, then account payables analyst might be a great career choice to explore. Some responsibilities of an account payables analyst include entering and processing invoices, vendor approval, matching purchase orders, and other administrative functions.
Account payables analysts need to accurately code, enter, and record invoices and memos. Their making timely payments and financial reporting along with analysis of expenses and invoices for an organization must be top-notch. A large number of account payables analysts obtain a bachelor's degree before beginning their career.
On average, an account payables analyst can make $21 per hour. Job opportunities for account payable analysts are declining in the US and salaries are directly impacted by your skill level.
There is more than meets the eye when it comes to being an account payables analyst. For example, did you know that they make an average of $22.51 an hour? That's $46,820 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -65,800 job opportunities across the U.S.
There are certain skills that many account payables analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, integrity and detail oriented.
When it comes to the most important skills required to be an account payables analyst, we found that a lot of resumes listed 15.9% of account payables analysts included vendor invoices, while 9.3% of resumes included customer service, and 8.0% of resumes included general ledger accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the account payables analyst job title. But what industry to start with? Most account payables analysts actually find jobs in the manufacturing and retail industries.
If you're interested in becoming an account payables analyst, one of the first things to consider is how much education you need. We've determined that 51.8% of account payables analysts have a bachelor's degree. In terms of higher education levels, we found that 15.9% of account payables analysts have master's degrees. Even though most account payables analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an account payables analyst. When we researched the most common majors for an account payables analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on account payables analyst resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become an account payables analyst. In fact, many account payables analyst jobs require experience in a role such as accounts payable clerk. Meanwhile, many account payables analysts also have previous career experience in roles such as accounting clerk or administrative assistant.