Accounts Payable Manager Salary

Accounts Payable Managers who are practiced in their profession and carry more than 10 years of experience make up approximately three-fifths of Accounts Payable Managers. Pay fluctuates from $33K to $77K per year, but expected earnings average $53K annually. With some bonuses approaching $9K and certain profit sharing proceeds approaching $9K, overall incomes of Accounts Payable Managers spread between $33K and $77K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by career duration. Female Accounts Payable Managers far outnumber their male contemporaries among survey respondents. Job satisfaction is high and work is enjoyable for most Accounts Payable Managers. Most report receiving medical coverage from their employers and more than half collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.
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$36,416 - $78,660
(Median)
$36K
$53K
$79K
MEDIAN: $52,508
10%
50%
90%

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$13.16 - $23.92
(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
$36,416 - $78,660  
   
Bonus
$0.00 - $8,572  
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).
)
$32,607 - $77,139  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,964
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
$13.16 - $23.92  
   
Overtime
$19.21 - $35.63  
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 - $8,572  
   
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).
)
$32,607 - $77,139  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 707
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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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As Accounts Payable Managers transition into upper-level roles such as Financial Controller, they may see a strong upturn in salary. Financial Controllers earn $77K on average per year. Becoming an Accounting Manager is, more often than not, the most common role that Accounts Payable Managers move into when they're ready for the next step in their career. The average salary for the position is $60K. Another frequent advance is for Accounts Payable Managers to assume an Accountant role; in this role, workers often earn $44K.

Accounts Payable Manager Job Listings

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Popular Skills for Accounts Payable Manager


Survey participants wield an impressively varied skill set on the job. Most notably, facility with SAP SAP Financial Accounting and Controlling, People Management, and ADP Payroll System are correlated to pay that is significantly above average, leading to increases of 35 percent, 14 percent, and 10 percent, respectively. At the other end of the pay range are skills like Accounts Receivable, Quickbooks, and Data Entry. Most people experienced in 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.


Salaries for the relatively untried average out to around $42K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. Accounts Payable Managers see a median salary of $52K after reaching 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


Washington is home to an above-average pay rate for Accounts Payable Managers, 41 percent higher than the national average. Accounts Payable Managers can also look forward to large paychecks in cities like Seattle (+26 percent), New York (+25 percent), Austin (+22 percent), and Philadelphia (+20 percent).

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Experience Affects Accounts Payable Manager Salaries




National Average
$49,000


Skills That Affect Accounts Payable Manager Salaries

SAP SAP Financial Accounting and Controlling (SAP FICO)
up arrow 35%


ADP Payroll System
up arrow 10%


Microsoft Office
up arrow 4%

Microsoft Dynamics GP
up arrow 4%

Accounting
up arrow 3%

Microsoft Excel
up arrow 2%

Accounts Payable
up arrow 1%

Microsoft Word
up arrow 1%

National Average
$49,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 566 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: 83% dental benefits Dental: 68%
vision benefits Vision: 52% employee benefits None: 15%
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