Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between account payables analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account payables analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $54,356 average annual salary of an account payables analyst.
The top three skills for an account payables analyst include customer service, data entry and purchase orders. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Account Payables Analyst | Analyst | |
| Yearly salary | $54,356 | $73,007 |
| Hourly rate | $26.13 | $35.10 |
| Growth rate | -5% | 11% |
| Number of jobs | 73,985 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Average age | 51 | 44 |
| Years of experience | 6 | 4 |
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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Account payables analysts and analysts have different pay scales, as shown below.
| Account Payables Analyst | Analyst | |
| Average salary | $54,356 | $73,007 |
| Salary range | Between $39,000 And $74,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | SMTC | The Citadel |
| Best paying industry | Energy | Technology |
There are a few differences between an account payables analyst and an analyst in terms of educational background:
| Account Payables Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between account payables analysts' and analysts' demographics:
| Account Payables Analyst | Analyst | |
| Average age | 51 | 44 |
| Gender ratio | Male, 26.3% Female, 73.7% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |