Accounting analyst vs account payables analyst

The differences between accounting 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 accounting analyst, becoming an account payables analyst takes usually requires 4-6 years. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $54,356 average annual salary of an account payables analyst.

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

Accounting analyst vs account payables analyst overview

	Accounting Analyst	Account Payables Analyst
Yearly salary	$58,399	$54,356
Hourly rate	$28.08	$26.13
Growth rate	6%	-5%
Number of jobs	81,097	73,985
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 63%
Average age	44	51
Years of experience	4	6

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

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.

Accounting analyst vs account payables analyst salary

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

	Accounting Analyst	Account Payables Analyst
Average salary	$58,399	$54,356
Salary range	Between $42,000 And $79,000	Between $39,000 And $74,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	New York	New York
Best paying company	Google	SMTC
Best paying industry	Finance	Energy

Differences between accounting analyst and account payables analyst education

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

	Accounting Analyst	Account Payables Analyst
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 63%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Accounting analyst vs account payables analyst demographics

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

	Accounting Analyst	Account Payables Analyst
Average age	44	51
Gender ratio	Male, 41.6% Female, 58.4%	Male, 26.3% Female, 73.7%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% 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 accounting analyst and account payables analyst duties and responsibilities

Accounting analyst example responsibilities.

Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
Manage reconciling monthly discrepancies between ERP transfers.
Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.

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.

Accounting analyst vs account payables analyst skills

Common accounting analyst skills

Reconciliations, 12%
Customer Service, 7%
Account Reconciliations, 6%
GAAP, 5%
Strong Analytical, 4%
Payroll, 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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Accounting Analyst vs Account Payables Analyst

Updated January 8, 2025

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