Accounts payable manager vs credit manager

The differences between accounts payable managers and credit 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 credit manager. Additionally, an accounts payable manager has an average salary of $69,808, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for an accounts payable manager include customer service, reconciliations and purchase orders. The most important skills for a credit manager are customer service, financial statements, and credit card.

Accounts payable manager vs credit manager overview

	Accounts Payable Manager	Credit Manager
Yearly salary	$69,808	$68,583
Hourly rate	$33.56	$32.97
Growth rate	17%	17%
Number of jobs	53,384	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 67%
Average age	46	46
Years of experience	8	8

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 a credit manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

Accounts payable manager vs credit manager salary

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

	Accounts Payable Manager	Credit Manager
Average salary	$69,808	$68,583
Salary range	Between $51,000 And $95,000	Between $39,000 And $119,000
Highest paying City	Beaverton, OR	San Francisco, CA
Highest paying state	Oregon	Oregon
Best paying company	Microsoft	Microsoft
Best paying industry	Finance	Finance

Differences between accounts payable manager and credit manager education

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

	Accounts Payable Manager	Credit Manager
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 67%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounts payable manager vs credit manager demographics

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

	Accounts Payable Manager	Credit Manager
Average age	46	46
Gender ratio	Male, 24.0% Female, 76.0%	Male, 53.9% Female, 46.1%
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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between accounts payable manager and credit manager 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.

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Accounts payable manager vs credit manager skills

Common accounts payable manager skills

Customer Service, 7%
Reconciliations, 6%
Purchase Orders, 5%
Vendor Invoices, 5%
Financial Statements, 4%
Payroll, 4%

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Accounts Payable Manager
Accounts Payable Manager vs Credit Manager

Updated January 8, 2025

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