Accounts Payable Clerk Salary
Job Description for Accounts Payable Clerk
Accounts payable clerks generally work for accounting firms or organizations' accounting departments, coordinating various accounts payable functions on behalf of their organization. Their duties include, among others, performing data entry, handling customer inquiries, preparing financial statements and performing vendor maintenance. In all tasks, these clerks must maintain a high degree of accuracy.Read More...
Employers often encourage accounting clerks to make process improvements to make their job more efficient, and these clerks must follow their company's procedures and guidelines, as well as generally accepted accounting principles (GAAP). They also need to follow internal audit controls and work closely with internal auditors. Accounts payable clerks must keep up to date with best practices in their field, and they may be required to train new accounts payable clerks.
A high school diploma or equivalent is generally required for this position, and relevant experience is generally required or preferred as well. An associate's degree in accounting or another relevant field may be preferred. Accounts payable clerks should be proficient with basic computer programs such as the Microsoft Office suite and any necessary accounting software. These clerks should have good interpersonal and communication skills, and they should be able to meet deadlines and pay close attention to detail.
Accounts Payable Clerk Tasks
- Issue stop-payments or purchase order amendments.
- Record, code, and process all invoices for payment.
- Prepare, enter and maintain filing of Accounts Payable.
- Perform timely account reconciliation by verifying entries and comparing to balances.
Common Career Paths for Accounts Payable Clerk
Accounts Payable Clerks do not often transition into Accounting Manager roles. The role averages $61K per year. Typical career progression for an Accounts Payable Clerk involves becoming an Accounts Payable Specialist or a Staff Accountant, roles that pay $5K more and $11K more on average.
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Popular Skills for Accounts Payable Clerk
Accounts Payable Clerks seem to exploit a large range of skills on the job. Most notably, skills in Accounting, General Ledger Accounting, bill collections, and Paying Invoices are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Customer Service. Most people familiar with Accounts Payable also know Microsoft Excel and Paying Invoices.
Pay by Experience Level for Accounts Payable Clerk
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries for the relatively untried average out to around $31K, but survey participants with five to 10 years of experience earn a significantly higher median of $34K. Accounts Payable Clerks claiming one to two decades of experience make an estimated median of $35K. Accounts Payable Clerks with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.
Pay Difference by Location
Surpassing the national average by 17 percent, Accounts Payable Clerks in New York receive some of the highest pay in the country. Accounts Payable Clerks can also look forward to large paychecks in cities like Denver (+12 percent), Chicago (+12 percent), St. Louis (+12 percent), and Houston (+10 percent). Falling short of the national average by 7 percent, the area with the worst salaries is Miami.
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