The average salary for an Accounts Payable Specialist is Rs 367,443.
MEDIAN Rs 367,443
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Rs 215k - Rs 611k
Rs 7k - Rs 96k
Rs 223k - Rs 628k
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Job Description for Accounts Payable Specialist
An accounts payable specialist works with all facets of the accounting system, principally the validation, processing, and filing of invoices. The specialist must make sure that all invoices are accurate and have been properly documented and approved by the authorizing employee prior to making a payment. Once the proper verifications and authorizations are received, the specialist is responsible for submitting payments in a timely fashion. This position also requires preparing and mailing checks…Read more
Accounts Payable Specialist Tasks
- Analyze, prioritize, code and pay bills and invoices, managing vendor or supplier expectations.
- Make timely payments for internal vouchers and expenses.
- Reconcile financial statements and forecasts, maintaining files for accounts.
- Answer inquiries from vendors, suppliers, and employees, and research discrepancies.
- Write and send checks, recording transactions on internal systems.
Popular Employer Salaries for Accounts Payable Specialist
The top respondents for the job title Accounts Payable Specialist are from the companies Genpact, Accenture and AXA Business Services Pvt Ltd. Reported salaries are highest at Capgemini Consulting where the average pay is Rs 450,000. Other companies that offer high salaries for this role include AXA Business Services Pvt Ltd, earning around Rs 389,744. Genpact pays the lowest at around Rs 348,171. Accenture also pays on the lower end of the scale, paying Rs 376,371.
Accounts Payable Specialist Job Listings
Popular Skills for Accounts Payable Specialist
Skills in Paying Invoices, Microsoft Excel and Vendor Relations are correlated to pay that is above average. Skills that pay less than market rate include Data Entry and Accounts Payable.
Pay by Experience Level for Accounts Payable Specialist
An early career Accounts Payable Specialist with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of Rs 307,187 based on 115 salaries. A mid-career Accounts Payable Specialist with 5-9 years of experience earns an average total compensation of Rs 410,419 based on 105 salaries. An experienced Accounts Payable Specialist with 10-19 years of experience earns an average total compensation of Rs 530,390 based on 30 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Accounts Payable Specialist in their job title in Pune, Maharashtra earn an average of 7.6% more than the national average. These job titles also find higher than average salaries in Gurgaon, Haryana (4.8% more) and Chennai, Tamil Nadu (3.4% more). The lowest salaries can be found in Hyderabad, Andhra Pradesh (8.8% less), Mumbai, Maharashtra (5.9% less) and Bangalore, Karnataka (1.4% less).
Years of Experience
This data is based on 250 survey responses.
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