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Accounts payable clerk vs account payables analyst

The differences between accounts payable clerks and account payables analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounts payable clerk and an account payables analyst. Additionally, an account payables analyst has an average salary of $54,356, which is higher than the $38,333 average annual salary of an accounts payable clerk.

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

Accounts payable clerk vs account payables analyst overview

Accounts Payable ClerkAccount Payables Analyst
Yearly salary$38,333$54,356
Hourly rate$18.43$26.13
Growth rate-5%-5%
Number of jobs89,56473,985
Job satisfaction--
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 63%
Average age5151
Years of experience66

What does an accounts payable clerk do?

An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.

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.

Accounts payable clerk vs account payables analyst salary

Accounts payable clerks and account payables analysts have different pay scales, as shown below.

Accounts Payable ClerkAccount Payables Analyst
Average salary$38,333$54,356
Salary rangeBetween $30,000 And $48,000Between $39,000 And $74,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateMassachusettsNew York
Best paying companyJane StreetSMTC
Best paying industryTechnologyEnergy

Differences between accounts payable clerk and account payables analyst education

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

Accounts Payable ClerkAccount Payables Analyst
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 63%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounts payable clerk vs account payables analyst demographics

Here are the differences between accounts payable clerks' and account payables analysts' demographics:

Accounts Payable ClerkAccount Payables Analyst
Average age5151
Gender ratioMale, 17.2% Female, 82.8%Male, 26.3% Female, 73.7%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%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 Percentage7%7%

Differences between accounts payable clerk and account payables analyst duties and responsibilities

Accounts payable clerk example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Match, code, and process vendor payments via MAS90 accounting system - including check runs and ACH payments.
  • Perform duties in compliance with GAAP, company and department policies and procedures, internal controls, and Sarbanes-Oxley requirements.
  • Process division payroll in coordination with ADP payroll systems for semi-monthly and weekly union contract employees.
  • Scan and store documents daily, retrieve W2 and W9 information along with service provider agreements when or if need.
  • Print, review, research, edit, code and batch invoices for processing via the various ERP financial systems.
  • Show more

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.
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Accounts payable clerk vs account payables analyst skills

Common accounts payable clerk skills
  • Customer Service, 13%
  • Data Entry, 10%
  • Purchase Orders, 8%
  • Expense Reports, 6%
  • Vendor Invoices, 6%
  • Vendor Statements, 5%
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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