Accounts Payable Manager Salary

Roughly three-fifths of Accounts Payable Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $33K to $77K per year, and the average comes out to $52K per year. Final cash compensation to Accounts Payable Managers varies from around $33K to approximately $77K; choice pay grades include potential for bonuses and profit sharing as high as $9K and $9K, respectively. Residence and career length each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Work is enjoyable for Accounts Payable Managers, who typically claim high levels of job satisfaction. Among survey respondents, women are more common than men; 87 percent of Accounts Payable Managers are female. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$36,387 - $78,743
(Median)
$36K
$52K
$79K
MEDIAN: $52,426
10%
50%
90%

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$13.15 - $23.96
(Median)
$13
$18
$24
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$36,387 - $78,743  
   
Bonus
$0.00 - $8,548  
Profit Sharing
$405.47 - $9,091  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,545 - $77,235  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,953
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.15 - $23.96  
   
Overtime
$19.23 - $35.62  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $8,548  
   
Profit Sharing
$405.47 - $9,091  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,545 - $77,235  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 709
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Job Description for Accounts Payable Manager

Accounts payable managers handle all the bills and invoices that a company must pay. As such, they must have very strong math and accounting skills. A small mistake can end up costing the company thousands of dollars, so great attention to detail is also essential. In addition, accounts payable managers must be organized and must have excellent computer skills --particularly with Excel and other accounting software.

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Accounts Payable Manager Tasks

  • Oversee management of financial data and procedures related to expenses generated by company, including processing of invoices, cutting of checks, etc.
  • Analyze AP initiatives for adherence to industry standards and best practices, and pinpoint opportunities for growth and improvement.
  • Manage accounts payable processes and/or team.

Common Career Paths for Accounts Payable Manager


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At the upper end, Accounts Payable Managers who move into a Financial Controller role can end up with a hefty increase in pay. The average income for Financial Controllers is a much higher $77K per year. The most common career progression for Accounts Payable Managers leads to becoming an Accounting Manager, where average pay is $60K annually. However, many Accounts Payable Managers also opt to become Accountants. Typically, an Accountant brings home $44K.

Accounts Payable Manager Job Listings

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Popular Skills for Accounts Payable Manager


Survey takers working as Accounts Payable Managers report using a large range of professional skills. Most notably, skills in People Management, ADP Payroll System, General Ledger Accounting, and Microsoft Office are correlated to pay that is above average, with boosts between 6 percent and 15 percent. At the other end of the pay range are skills like Accounts Receivable, Quickbooks, and Data Entry. Most people familiar with Accounts Payable also know Accounting.

Pay by Experience Level for Accounts Payable Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $42K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $49K. On average, Accounts Payable Managers make $52K following one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $51K by contrast.

Pay Difference by Location


For those looking to make money, Accounts Payable Managers in Washington enjoy an exceptional pay rate, 41 percent above the national average. Accounts Payable Managers will also find cushy salaries in Seattle (+26 percent), New York (+25 percent), Austin (+23 percent), and Philadelphia (+23 percent).

Related Job Salaries

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Experience Affects Accounts Payable Manager Salaries




National Average
$49,000


Skills That Affect Accounts Payable Manager Salaries


ADP Payroll System
up arrow 10%



Microsoft Dynamics GP
up arrow 4%

Accounting
up arrow 3%

Accounts Payable
up arrow 2%

Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 1%

National Average
$49,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 569 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
23%
10-19 years
35%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 68%
vision benefits Vision: 52% employee benefits None: 15%
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