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Accounts payable associate hiring summary. Here are some key points about hiring accounts payable associates in the United States:
Here's a step-by-step accounts payable associate hiring guide:
An accounts payable associate is primarily responsible for processing bills and payments for a company, ensuring accuracy and timeliness. Moreover, they are also responsible for maintaining records of all transactions, liaising with external agencies, coordinating with different departments to gather data, receiving and monitoring invoices, and obtaining approval from managers or supervisors when it comes to payments as needed. An accounts payable associate may also produce financial reports and statements, create presentations, train new members of the workforce, and assist audits, all while adhering to the company's policies and regulations.
Before you start hiring an accounts payable associate, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them an accounts payable associate to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an accounts payable associate that fits the bill.
Here's a comparison of accounts payable associate salaries for various roles:
| Type of Accounts Payable Associate | Description | Hourly rate |
|---|---|---|
| Accounts Payable Associate | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $14-23 |
| Bookkeeper | Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work... Show more | $14-25 |
| Finance Clerk | Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed... Show more | $12-26 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $46,716 | $22 |
| 2 | California | $45,673 | $22 |
| 3 | District of Columbia | $44,383 | $21 |
| 4 | New Jersey | $44,274 | $21 |
| 5 | New York | $44,269 | $21 |
| 6 | Pennsylvania | $43,340 | $21 |
| 7 | Colorado | $40,335 | $19 |
| 8 | Illinois | $40,183 | $19 |
| 9 | Arizona | $38,717 | $19 |
| 10 | Wisconsin | $38,176 | $18 |
| 11 | Ohio | $38,047 | $18 |
| 12 | Georgia | $37,753 | $18 |
| 13 | Texas | $37,237 | $18 |
| 14 | Maryland | $37,014 | $18 |
| 15 | Florida | $35,610 | $17 |
| 16 | Oklahoma | $35,527 | $17 |
| 17 | North Carolina | $34,272 | $16 |
| 18 | Missouri | $34,170 | $16 |
| 19 | South Carolina | $33,342 | $16 |
| 20 | Utah | $31,661 | $15 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Accenture | $56,112 | $26.98 | 96 |
| 2 | Devon Energy | $54,291 | $26.10 | |
| 3 | Mount St. Mary's University | $51,120 | $24.58 | |
| 4 | Bain & Company | $49,975 | $24.03 | 1 |
| 5 | Mortenson | $49,539 | $23.82 | |
| 6 | Textron | $47,939 | $23.05 | 18 |
| 7 | Plug Power | $46,975 | $22.58 | |
| 8 | Green Plains | $46,893 | $22.54 | 4 |
| 9 | Halff Associates | $46,587 | $22.40 | |
| 10 | Intercon Construction | $46,506 | $22.36 | |
| 11 | Arrow Electronics | $46,466 | $22.34 | 59 |
| 12 | Neal Communities | $46,409 | $22.31 | |
| 13 | Kaiser Aluminum | $46,224 | $22.22 | |
| 14 | Pentair | $46,172 | $22.20 | |
| 15 | Blue Bird | $46,018 | $22.12 | 1 |
| 16 | BGC Partners | $45,780 | $22.01 | |
| 17 | Essex Property Trust | $45,736 | $21.99 | |
| 18 | The New York Public Library | $45,376 | $21.82 | |
| 19 | Kleinfelder | $45,179 | $21.72 | |
| 20 | 3D Systems | $45,114 | $21.69 |
An accounts payable associate job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an accounts payable associate job description:
To find accounts payable associates for your business, try out a few different recruiting strategies:
To successfully recruit accounts payable associates, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect accounts payable associate candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new accounts payable associate first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire accounts payable associates, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire accounts payable associates pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for accounts payable associates is $39,270 in the US. However, the cost of accounts payable associate hiring can vary a lot depending on location. Additionally, hiring an accounts payable associate for contract work or on a per-project basis typically costs between $14 and $23 an hour.