Accounts Payable (A/P) Administrator Salary
Median pay for Accounts Payable Administrators in the United States lies in the neighborhood of $16.43 per hour. Total cash compensation to Accounts Payable Administrators varies from $28K to $52K; higher pay grades include potential for bonuses and profit sharing as high as $5K each. Location is the biggest factor affecting pay for this group, followed by years of experience. Women make up the vast majority of Accounts Payable Administrators (89 percent) who answered the questionnaire. The majority of workers are highly satisfied with their job. Unfortunately, some people in this line of work are without benefits — nearly one-fourth lack coverage. On the flip side, a strong majority have medical insurance and more than half receive dental plans. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Accounts Payable (A/P) Administrator
Accounts payable (A/P) administrators (or managers) are responsible for the daily management of staff in the accounting department for a business. Their staff members can include accounts payable clerks and bookkeepers. They ensure the accuracy and timeliness of processes and payments. They are also responsible for ensuring compliance with federal and state government requirements. At times, they serve as a liaison for outside vendors, corresponding with them and responding to their inquiries.Read More...
Accounts payable managers prepare annual reporting and daily, weekly and monthly analysis and reconciliations. They may have to resolve discrepancies where they exist. They work closely with the purchasing departments, management, and the accounting departments they oversee. They typically work in an office environment on a normal Monday through Friday work week with standard business hours. They may, however, be required to work additional hours during peak accounting times, such as the end of year and tax seasons.
Accounts payable administrators may work in a wide variety of industries: They can be employed in the public or private sector, across all areas of government, as well as large and small private companies. Typically these companies require a minimum of a bachelor’s degree in accounting, business, finance, or a related field for an accounts payable manager. Several years of work experience is also usually required. Aside from those requirements, accounts payable administrators need to have a strong basis and understanding of accounting concepts, an advanced aptitude in spreadsheet software and excellent communication skills, both verbal and written.
Accounts Payable (A/P) Administrator Tasks
- Calculate the money a company owes and send payments to vendors.
- Review invoices for accuracy and work to resolve discrepancies.
- Manage a company’s vendor billing system and update vendor files.
Common Career Paths for Accounts Payable (A/P) Administrator
At the upper end, Accounts Payable Administrators who move into an Accounting Manager role can end up with a hefty increase in pay. The average income for Accounting Managers is a much higher $61K per year. Career advancement for the typical Accounts Payable Administrator often leads to becoming an Office Manager or a Staff Accountant; median salaries in these positions are $1K higher and $7K higher, respectively.
Accounts Payable Clerk Job Listings
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Popular Skills for Accounts Payable (A/P) Administrator
Accounts Payable Administrators report using a deep pool of skills on the job. Most notably, skills in Payroll Administration, Microsoft Office, Accounting, and General Ledger Accounting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Quickbooks. Those proficient in Accounts Payable are, more often than not, also skilled in Data Entry and Quickbooks.
Pay by Experience Level for Accounts Payable (A/P) Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Accounts Payable Administrators with a lot of experience do not necessarily enjoy more money. Salaries for the relatively untried average out to around $34K, but survey participants with five to 10 years of experience earn a significantly higher median of $38K. After working for 10 to 20 years, Accounts Payable Administrators make a median salary of $41K. Accounts Payable Administrators with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $42K.
Pay Difference by Location
Accounts Payable Administrators will find that San Jose offers an impressive pay rate, one which exceeds the national average by 40 percent. Accounts Payable Administrators can also look forward to large paychecks in cities like New York (+36 percent), San Francisco (+20 percent), Houston (+14 percent), and Rockford (+10 percent). The smallest paychecks in the market, 15 percent south of the national average, can be found in Las Vegas. Two other places where employers offer below-median salaries are Sacramento (11 percent less) and Salt Lake City (8 percent less).