Finance administrator vs accounts payable administrator

The differences between finance administrators and accounts payable administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance administrator, becoming an accounts payable administrator takes usually requires 4-6 years. Additionally, a finance administrator has an average salary of $55,541, which is higher than the $41,860 average annual salary of an accounts payable administrator.

The top three skills for a finance administrator include customer service, financial aid and powerpoint. The most important skills for an accounts payable administrator are purchase orders, data entry, and vendor invoices.

Finance administrator vs accounts payable administrator overview

	Finance Administrator	Accounts Payable Administrator
Yearly salary	$55,541	$41,860
Hourly rate	$26.70	$20.12
Growth rate	17%	-5%
Number of jobs	130,256	79,272
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 46%
Average age	46	51
Years of experience	8	6

What does a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

What does an accounts payable administrator do?

An accounts payable administrator is an individual who reviews and verifies the invoices of suppliers and grants payment requests. Accounts payable administrators must prepare invoice batches and input them in the accounts payable module of the financial information system every day to ensure that payments meet weekly and monthly deadlines. When warranted, they seek clarifications or explanations from submitters and responds to inquiries from suppliers, consultants, and clients regarding the status of their payments. Accounts payable administrators must also ensure that reimbursements are properly approved.

Finance administrator vs accounts payable administrator salary

Finance administrators and accounts payable administrators have different pay scales, as shown below.

	Finance Administrator	Accounts Payable Administrator
Average salary	$55,541	$41,860
Salary range	Between $38,000 And $80,000	Between $32,000 And $54,000
Highest paying City	Dover, DE	New York, NY
Highest paying state	Delaware	New York
Best paying company	State Street	Ducommun
Best paying industry	Manufacturing	Finance

Differences between finance administrator and accounts payable administrator education

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

	Finance Administrator	Accounts Payable Administrator
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 46%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Finance administrator vs accounts payable administrator demographics

Here are the differences between finance administrators' and accounts payable administrators' demographics:

	Finance Administrator	Accounts Payable Administrator
Average age	46	51
Gender ratio	Male, 29.3% Female, 70.7%	Male, 12.7% Female, 87.3%
Race ratio	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%
LGBT Percentage	11%	7%

Differences between finance administrator and accounts payable administrator duties and responsibilities

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

Accounts payable administrator example responsibilities.

Manage payroll transactions utilizing ADP payroll software.
Maintain a cash flow chart of checks issue and clear, ACH payments, incoming collections, and wire transfers.
Solve complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Set up new vendors, maintain new supplier forms and proper W8 and W9 reporting.
Implement standard form to vendors to complete and return along with W9 and a sample invoice.
Review and record vendor bills utilizing QuickBooks.

Finance administrator vs accounts payable administrator skills

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

Common accounts payable administrator skills

Purchase Orders, 12%
Data Entry, 9%
Vendor Invoices, 8%
Expense Reports, 6%
Credit Card, 5%
Vendor Statements, 5%

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Executive Management Industry
Finance Administrator
Finance Administrator vs Accounts Payable Administrator

Updated January 8, 2025

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