Accounts payable associates are in charge of managing activities for a department or an organization. They receive, process, organize, and record invoices as necessary.
A day in the life of an accounts payable associate invoices inputting data from invoices into company records. They may also generate and mail out refunds. In some organizations, the role of an accounts payable associate extends to managing paychecks. They send payroll check reports to supervisors for approval and then deliver them to the concerned employees.
Other responsibilities include organizing remittances, confirming account details, and resolving issues with transactions. The accounts payable associates may also offer guidance to accountants and help process reimbursements.
To become an accounts payable associate, you need a degree in accounting or a related field. You'll also need up to four years of accounting and accounts payable experience. Required skills include efficiency with the phone, proficiency with MS office packages, and strong organizational skills.
There is more than meets the eye when it comes to being an accounts payable associate. For example, did you know that they make an average of $17.69 an hour? That's $36,792 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 accounts payable associates 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, detail oriented and integrity.
When it comes to the most important skills required to be an accounts payable associate, we found that a lot of resumes listed 20.7% of accounts payable associates included vendor invoices, while 9.3% of resumes included customer service, and 7.6% of resumes included data entry. 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 accounts payable associate job title. But what industry to start with? Most accounts payable associates actually find jobs in the retail and manufacturing industries.
If you're interested in becoming an accounts payable associate, one of the first things to consider is how much education you need. We've determined that 43.4% of accounts payable associates have a bachelor's degree. In terms of higher education levels, we found that 10.7% of accounts payable associates have master's degrees. Even though most accounts payable associates 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 accounts payable associate. When we researched the most common majors for an accounts payable associate, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on accounts payable associate resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become an accounts payable associate. In fact, many accounts payable associate jobs require experience in a role such as accounts payable clerk. Meanwhile, many accounts payable associates also have previous career experience in roles such as administrative assistant or accounting clerk.