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Accounts payable lead vs accounts payable team lead

The differences between accounts payable leads and accounts payable team leads 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 accounts payable team lead. Additionally, an accounts payable team lead has an average salary of $70,092, which is higher than the $57,175 average annual salary of an accounts payable lead.

The top three skills for an accounts payable lead include FAA, purchase orders and vendor invoices. The most important skills for an accounts payable team lead are vendor invoices, general ledger, and reconciliations.

Accounts payable lead vs accounts payable team lead overview

Accounts Payable LeadAccounts Payable Team Lead
Yearly salary$57,175$70,092
Hourly rate$27.49$33.70
Growth rate-5%-5%
Number of jobs31,04155,415
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 52%
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 accounts payable team lead do?

An accounts payable team lead supervises the finance department's budgeting team. They manage the clerical side of a company's budgeting process. Their team's responsibilities include issuing invoices, managing purchase orders, tracking logistics expenses, and documenting financial transactions. They must ensure that all their team members work cohesively to complete these tasks.

Accounts payable lead vs accounts payable team lead salary

Accounts payable leads and accounts payable team leads have different pay scales, as shown below.

Accounts Payable LeadAccounts Payable Team Lead
Average salary$57,175$70,092
Salary rangeBetween $41,000 And $79,000Between $50,000 And $97,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyNV Energy-
Best paying industryTechnology-

Differences between accounts payable lead and accounts payable team lead education

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

Accounts Payable LeadAccounts Payable Team Lead
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 52%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounts payable lead vs accounts payable team lead demographics

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

Accounts Payable LeadAccounts Payable Team Lead
Average age5151
Gender ratioMale, 28.7% Female, 71.3%Male, 24.4% Female, 75.6%
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, 14.7% Asian, 6.6% White, 67.1% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounts payable lead and accounts payable team lead 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

Accounts payable team lead example responsibilities.

  • Manage annual IRS 1099 and 1042 reporting.
  • Handle cash items, manage vendor set ups and maintain accurate W9 information.
  • Manage ten RPG developers maintaining and modifying a AS400 base JDA MMS ERP system for a large retailer.
  • Manage payroll transactions utilizing ADP payroll software.
  • Manage preparation of monthly account reconciliations, journal entries, inter-company accounting and year-end audit schedules.
  • Verify receipts and ensure GAAP compliance for employee expense accounts.
    • Show more

Accounts payable lead vs accounts payable team lead skills

Common accounts payable lead skills
  • FAA, 7%
  • Purchase Orders, 7%
  • Vendor Invoices, 6%
  • Reconciliations, 6%
  • Data Entry, 5%
  • ACH, 5%
Common accounts payable team lead skills
  • Vendor Invoices, 7%
  • General Ledger, 6%
  • Reconciliations, 5%
  • Purchase Orders, 5%
  • ACH, 5%
  • Customer Service, 4%

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Updated January 8, 2025

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