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Accounts payable manager vs accounts payable lead

The differences between accounts payable managers and accounts payable leads can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an accounts payable manager, becoming an accounts payable lead takes usually requires 4-6 years. Additionally, an accounts payable manager has an average salary of $69,808, which is higher than the $57,175 average annual salary of an accounts payable lead.

The top three skills for an accounts payable manager include customer service, reconciliations and purchase orders. The most important skills for an accounts payable lead are FAA, purchase orders, and vendor invoices.

Accounts payable manager vs accounts payable lead overview

Accounts Payable ManagerAccounts Payable Lead
Yearly salary$69,808$57,175
Hourly rate$33.56$27.49
Growth rate17%-5%
Number of jobs53,38431,041
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 51%
Average age4651
Years of experience86

What does an accounts payable manager do?

An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.

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.

Accounts payable manager vs accounts payable lead salary

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

Accounts Payable ManagerAccounts Payable Lead
Average salary$69,808$57,175
Salary rangeBetween $51,000 And $95,000Between $41,000 And $79,000
Highest paying CityBeaverton, ORNew York, NY
Highest paying stateOregonNew York
Best paying companyMicrosoftNV Energy
Best paying industryFinanceTechnology

Differences between accounts payable manager and accounts payable lead education

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

Accounts Payable ManagerAccounts Payable Lead
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 51%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounts payable manager vs accounts payable lead demographics

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

Accounts Payable ManagerAccounts Payable Lead
Average age4651
Gender ratioMale, 24.0% Female, 76.0%Male, 28.7% Female, 71.3%
Race ratioBlack or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3%Black 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%
LGBT Percentage11%7%

Differences between accounts payable manager and accounts payable lead duties and responsibilities

Accounts payable manager example responsibilities.

  • Manage bi-weekly payroll, bonuses, pay cards, PTO.
  • Collect, enter & manage the quality of information require to produce accurate information report to IRS.
  • Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
  • Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
  • Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
  • Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.
  • Show more

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 manager vs accounts payable lead skills

Common accounts payable manager skills
  • Customer Service, 7%
  • Reconciliations, 6%
  • Purchase Orders, 5%
  • Vendor Invoices, 5%
  • Financial Statements, 4%
  • Payroll, 4%
Common accounts payable lead skills
  • FAA, 7%
  • Purchase Orders, 7%
  • Vendor Invoices, 6%
  • Reconciliations, 6%
  • Data Entry, 5%
  • ACH, 5%

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