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The differences between accounts payable managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accounts payable manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $69,808 average annual salary of an accounts payable manager.
The top three skills for an accounts payable manager include customer service, reconciliations and purchase orders. The most important skills for a cash manager are customer service, cash management, and treasury.
| Accounts Payable Manager | Cash Manager | |
| Yearly salary | $69,808 | $93,363 |
| Hourly rate | $33.56 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,384 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Accounts payable managers and cash managers have different pay scales, as shown below.
| Accounts Payable Manager | Cash Manager | |
| Average salary | $69,808 | $93,363 |
| Salary range | Between $51,000 And $95,000 | Between $66,000 And $130,000 |
| Highest paying City | Beaverton, OR | Redding, CA |
| Highest paying state | Oregon | California |
| Best paying company | Microsoft | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an accounts payable manager and a cash manager in terms of educational background:
| Accounts Payable Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounts payable managers' and cash managers' demographics:
| Accounts Payable Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 24.0% Female, 76.0% | Male, 38.2% Female, 61.8% |
| Race ratio | Black 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |