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Senior accounts payable specialist vs bookkeeper

The differences between senior accounts payable specialists and bookkeepers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior accounts payable specialist and a bookkeeper. Additionally, a senior accounts payable specialist has an average salary of $60,557, which is higher than the $40,337 average annual salary of a bookkeeper.

The top three skills for a senior accounts payable specialist include vendor statements, expense reports and purchase orders. The most important skills for a bookkeeper are payroll tax returns, customer service, and reconciliations.

Senior accounts payable specialist vs bookkeeper overview

Senior Accounts Payable SpecialistBookkeeper
Yearly salary$60,557$40,337
Hourly rate$29.11$19.39
Growth rate-5%-5%
Number of jobs31,61138,481
Job satisfaction35
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 46%
Average age5151
Years of experience66

What does a senior accounts payable specialist do?

A senior accounts payable specialist is responsible for performing more complex tasks in the accounting department of an organization and assisting the junior staff in processing financial transactions. Senior accounts payable specialists manage invoice release for vendors and perform bank reconciliations. They also handle the vendors' inquiries and concerns regarding their paychecks and resolve billing discrepancies that they may have. A senior account payable specialist must have excellent knowledge of the accounting principles to generate payments accurately and maintain an organized record of the financial filing system.

What does a bookkeeper do?

Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.

Senior accounts payable specialist vs bookkeeper salary

Senior accounts payable specialists and bookkeepers have different pay scales, as shown below.

Senior Accounts Payable SpecialistBookkeeper
Average salary$60,557$40,337
Salary rangeBetween $43,000 And $83,000Between $30,000 And $52,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateDelawareNew York
Best paying companyPacific Investment Management Company LLCNTT Data International L.L.C.
Best paying industryFinanceManufacturing

Differences between senior accounts payable specialist and bookkeeper education

There are a few differences between a senior accounts payable specialist and a bookkeeper in terms of educational background:

Senior Accounts Payable SpecialistBookkeeper
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 46%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior accounts payable specialist vs bookkeeper demographics

Here are the differences between senior accounts payable specialists' and bookkeepers' demographics:

Senior Accounts Payable SpecialistBookkeeper
Average age5151
Gender ratioMale, 15.2% Female, 84.8%Male, 15.4% Female, 84.6%
Race ratioBlack 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%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between senior accounts payable specialist and bookkeeper duties and responsibilities

Senior accounts payable specialist example responsibilities.

  • Manage payroll garnishments to accurately comply with applicable state and municipal laws.
  • Prepare, process, and submit check files, wire transfers, ACH payments, and positive pay.
  • Maintain W9 forms for all vendors in the system.
  • Verify if all vendors W9's are on file.
  • Analyze and prepare the monthly/quarterly payments to IRS for FICA/FUTA taxes.
  • Train new staff on ERP software, AP policy and procedures, and customer service.
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Bookkeeper example responsibilities.

  • Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
  • Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
  • Post and update of daily sales and purchases into QuickBooks system.
  • Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
  • Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
  • Work closely with QC personnel for the planning of tooling and the flow process of PWB's.
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Senior accounts payable specialist vs bookkeeper skills

Common senior accounts payable specialist skills
  • Vendor Statements, 10%
  • Expense Reports, 7%
  • Purchase Orders, 7%
  • Data Entry, 6%
  • Accruals, 5%
  • Reconciliations, 5%
Common bookkeeper skills
  • Payroll Tax Returns, 12%
  • Customer Service, 10%
  • Reconciliations, 10%
  • Data Entry, 7%
  • Journal Entries, 5%
  • Financial Transactions, 4%

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