Accounts Payable Processor Salary
Accounts Payable Processors in the United States take home an average $15.83 per hour. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Women make up the vast majority of Accounts Payable Processors (85 percent) who answered the questionnaire. Most Accounts Payable Processors report high levels of job satisfaction. Unfortunately, some people in this line of work are without benefits — about one in four lack coverage. On the flip side, a majority have medical insurance and the larger part receive dental plans. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$29,667 - $50,609|
|Bonus||$496.65 - $4,136|
|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).)
|$26,837 - $46,546|
|Hourly Rate||$12.27 - $20.32|
|Overtime||$18.00 - $32.98|
|Bonus||$496.65 - $4,136|
|Total Pay (||$26,837 - $46,546|
Job Description for Accounts Payable Processor
Accounts payable processors are responsible for managing and reviewing outgoing payments made by their organization. Their primary duties are to ensure orders and invoices are reconciled by checking that all items are received and paid for. This involves working with vendors to determine invoice status, making payments for (or returning) non-invoiced items, and ensuring the delivery of missing items. Accounts payable processors make payments and keep an accounts payable journal in line with standard accounting practices. They work closely with other departments such as procurement and receiving to investigate shipment and invoice information to resolve disputes with vendors. Some accounts payable processors may also manage travel reimbursements and other internal payments to organization employees.Read More...
Accounts payable processors generally work full time in an office environment. The majority of accounts payable processors’ time is spent analyzing invoices and payment processing information, as well as working with vendors to resolve payment issues. These processors work with other financial departments - as well as shipping and receiving - in the course of their duties. In larger companies, accounts payable processors work with a team of accounts payable personnel; in smaller organizations, they may serve as the primary handler of accounts payable under the supervision of a senior accounting manager.
A high school diploma or equivalent is required for this position. An associate’s degree in finance or a related field is needed for some positions. Proficiency in basic office software such as Microsoft Office products are needed, as well as math skills. Two or more years of accounts payable experience is typically required.
Accounts Payable Processor 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 Processor
For Accounts Payable Processors, progressing to a Senior Accountant role may result in a significant raise. On average, a Senior Accountant can earn $60K annually. Typical career progression for an Accounts Payable Processor involves becoming an Accounts Payable Specialist or an Accounts Payable Supervisor, roles that pay $2K more and $10K more on average.
Popular Skills for Accounts Payable Processor
Survey results imply that Accounts Payable Processors put a diverse skill set to use. Most notably, skills in Accounts Receivable, Microsoft Excel, Accounts Payable, and Microsoft Office are correlated to pay that is above average. Skills that seem to negatively impact pay include Data Entry. Most people experienced in Accounts Payable also know Microsoft Office and Data Entry.
Pay by Experience Level for Accounts Payable Processor
Pay by Experience for an Accounts Payable Processor has a positive trend. An entry-level Accounts Payable Processor with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 225 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Accounts Payable Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 109 salaries. An experienced Accounts Payable Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 116 salaries. An Accounts Payable Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $38,000 based on 48 salaries.
Pay Difference by Location
New York offers some of the highest pay in the country for Accounts Payable Processors, 17 percent above the national average. Accounts Payable Processors can also look forward to large paychecks in cities like San Diego (+16 percent), Chicago (+12 percent), Denver (+4 percent), and Atlanta (+4 percent). Those in the field find the lowest salaries in Louisville, 11 percent below the national average.
Related Job Salaries
Key Stats for Accounts Payable Processor
Rated 4 out of 5
based on 57 votes.