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The differences between accounts payable managers and cost accounting 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 cost accounting manager. Additionally, a cost accounting manager has an average salary of $89,286, 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 cost accounting manager are variance analysis, financial analysis, and reconciliations.
| Accounts Payable Manager | Cost Accounting Manager | |
| Yearly salary | $69,808 | $89,286 |
| Hourly rate | $33.56 | $42.93 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,384 | 61,135 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 78% |
| 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 cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.
Accounts payable managers and cost accounting managers have different pay scales, as shown below.
| Accounts Payable Manager | Cost Accounting Manager | |
| Average salary | $69,808 | $89,286 |
| Salary range | Between $51,000 And $95,000 | Between $67,000 And $118,000 |
| Highest paying City | Beaverton, OR | Boston, MA |
| Highest paying state | Oregon | Connecticut |
| Best paying company | Microsoft | Microsoft |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an accounts payable manager and a cost accounting manager in terms of educational background:
| Accounts Payable Manager | Cost Accounting Manager | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 78% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounts payable managers' and cost accounting managers' demographics:
| Accounts Payable Manager | Cost Accounting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 24.0% Female, 76.0% | Male, 71.7% Female, 28.3% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |