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Accounts payable lead vs accounting clerk

The differences between accounts payable leads and accounting clerks 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 lead and an accounting clerk. Additionally, an accounts payable lead has an average salary of $57,175, which is higher than the $38,683 average annual salary of an accounting clerk.

The top three skills for an accounts payable lead include FAA, purchase orders and vendor invoices. The most important skills for an accounting clerk are data entry, customer service, and purchase orders.

Accounts payable lead vs accounting clerk overview

Accounts Payable LeadAccounting Clerk
Yearly salary$57,175$38,683
Hourly rate$27.49$18.60
Growth rate-5%-5%
Number of jobs31,041106,969
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 49%
Average age5151
Years of experience66

What does an accounts payable lead do?

Accounts payable leads are accounting professionals who are responsible for leading a team of professionals that manage the company's accounts payable, a short-term debt payment that needs to be paid to avoid default. These professionals are required to evaluate vendor invoices and prepare payments to pay vendors while preparing the daily expense reports. They must create the general ledger at the end of the month to reconcile closing balances. Accounts payable leads must also assist purchasing agents in resolving vendor or customer issues that pertained to inaccurate information on purchase orders.

What does an accounting clerk do?

Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.

Accounts payable lead vs accounting clerk salary

Accounts payable leads and accounting clerks have different pay scales, as shown below.

Accounts Payable LeadAccounting Clerk
Average salary$57,175$38,683
Salary rangeBetween $41,000 And $79,000Between $29,000 And $51,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkNew York
Best paying companyNV EnergyWilson Elser Moskowitz Edelman & Dicker Llp
Best paying industryTechnologyGovernment

Differences between accounts payable lead and accounting clerk education

There are a few differences between an accounts payable lead and an accounting clerk in terms of educational background:

Accounts Payable LeadAccounting Clerk
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 49%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounts payable lead vs accounting clerk demographics

Here are the differences between accounts payable leads' and accounting clerks' demographics:

Accounts Payable LeadAccounting Clerk
Average age5151
Gender ratioMale, 28.7% Female, 71.3%Male, 20.0% Female, 80.0%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounts payable lead and accounting clerk duties and responsibilities

Accounts payable lead example responsibilities.

  • Manage weekly payment scheduling to expedite and efficiently meet vendor payment deadlines; including check run dates, wires and ACH.
  • Manage payroll transactions utilizing ADP payroll software.
  • Process check runs: set payments within the system, verify accuracy, and print checks launch ACH payments.
  • Assist in the implementation of new ERP system by testing and providing information need to meet the accounts payable processes.
  • Process invoices, check requests, employee reimbursements, and credit memos and ensure compliance with SOX documentation and approval guidelines.
  • Transmit monthly payroll information for bank reconciliation.
  • Show more

Accounting clerk example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Perform balance sheet reconciliations and resolve open items by notifying employees and vendors of transaction discrepancies.
  • Assist in monthly financial close process by analyzing preliminary departmental expense reports and making necessary adjustments and accruals.
  • Develop a spreadsheet that pulls all data relate to project hours by operation from the ERP system.
  • Process all incoming payments receive via ACH, EFT, or the web; ensure accounts are accurately balance and reconcile.
  • Digitize proof of delivery receipts into ERP system (AS400) serving as an easy backup for employees to verify occurrence.
  • Show more

Accounts payable lead vs accounting clerk skills

Common accounts payable lead skills
  • FAA, 7%
  • Purchase Orders, 7%
  • Vendor Invoices, 6%
  • Reconciliations, 6%
  • Data Entry, 5%
  • ACH, 5%
Common accounting clerk skills
  • Data Entry, 15%
  • Customer Service, 10%
  • Purchase Orders, 9%
  • Reconciliations, 6%
  • Vendor Invoices, 6%
  • QuickBooks, 3%

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