sous chef Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

Accounts Payables Job Description, Duties, Responsibilities, Qualifications, skills and Salary

In this article, we will show you the detailed and updated Accounts Payables job description. Here you will also find the duties of an Accounts Payables, responsibilities, qualifications, skills, and estimated annual salary.

This Accounts Payables job description template provides critical duties and responsibilities for an Accounts Payables. It’s ready to post on various job sites to assist you to recruit and hire talented persons who will offer financial, administrative, and clerical support to the organization. As a job seeker, you can use this information to make a very rich resume and as well get yourself prepared for an interview.

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Accounts Payables Job Description

 Accounts Payables Job Description, Duties, Responsibilities, Qualifications, skills and Salary

An Accounts Payable Specialist is in charge of an organization’s financial transaction processing. Their responsibilities include daily bookkeeping and record keeping, financial reporting, and tax record preparation for financial audits.

They are responsible for reconciling and paying an organization’s bills on time. In order to be a steadfast guardian of a company’s cash flow, requires not only accounting knowledge, but also working knowledge of its operations. Accounts Payables Job Description

Accounts payable workers are also responsible for keeping precise records of payments made and owed, as well as working collaboratively with other accounting professionals to perform audits of all transactions.

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Duties of an Accounts Payables(accounts payables Job Duties)

  • Accounts and incoming payments are processed in accordance with financial policies and procedures.
  • Day-to-day financial transactions, such as account verification, classification, and recording
    data that is reimbursable
  • Billing, invoicing, and

Accounts Payables Job Responsibilities

  • Consolidate the accounts payable ledger to ensure that all bills and payments are properly accounted for and posted.
  • By reconciling vendor accounts and monthly vendor statements, you can confirm and investigate any discrepancies.
  • Send bill reminders and contact clients to facilitate payment of past-due invoices.
  • Create reports that detail the status of accounts payables.
  • Recognize expense accounts and cost centers
  • Understands the compliance issues associated with accounts payable processes (W-9, sales tax, etc.)
  • Prior to payment, review invoices for appropriate documentation.
  • Enter invoice and general-ledger data
  • Reconciliation of credit cards and bank accounts
  • Create purchase orders as needed.
  • All checks must be signed and printed.
  • As needed, assist senior financial officers.
  • Maintain precise records of all vendor payments
  • Monitor tax liabilities and ensure tax liabilities are paid on time
  • Responsible for paying and keeping record of all invoices
  • Keep track of all company credit card spending, and make payments on credit accounts
  • Analyze all accounts on a monthly, quarterly, and annual basis to ensure payment accuracy
  • Work collaboratively with various departments to perform accounting audits
  • Prepare and mail all required tax documents
  • Research and approve new vendors and create new vendor accounts
  • Receives, processes, verifies, and reconciles invoices to complete payments and control expenses.
  • Processed work is reconciled by verifying entries and comparing system reports to balances.
  • Analyzes invoice/expense reports and records entries to charge expenses to accounts and cost centers.
  • Monitors discount opportunities, verifies federal identification numbers, schedules and prepares checks, and resolves purchase order, contract, invoice, or payment discrepancies and documentation.
  • Ensures that credit for outstanding memos is received.
  • Stop payments and purchase order amendments are issued.
  • Employees are paid by receiving and verifying expense reports and requests for advances, as well as preparing checks.
  • Verifies and posts account transactions to accounting ledgers.
  • Reconciles monthly statements and related transactions to verify vendor accounts.
  • Microfilms and files documents to preserve historical records.
  • Petty cash is disbursed by recording entries and verifying documentation.
  • Sales taxes are reported by calculating the requirements on paid invoices.
  • Keeps information confidential to protect the value of the organization.
  • Participates in educational opportunities to keep job knowledge up to date.
  • Accounting and organizational mission are met by completing related results as needed.
  • They are also in charge of processing and verifying invoices for accounts payable.

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Qualifications for Accounts Payables (accounts payables job qualifications)

  • Master’s degree in accounting, finance, business administration or another related field
  • Hold a Certified Public Assistant (CPA) title in good standing
  • Bachelor’s degree or its equivalent
  • 0-5 years experience for entry-level positions
  • Strong mathematical abilities
  • Accounts payable experience
  • Accounting software and online platform experience
  • A high school diploma or its equivalent is required.
  • Understanding of fundamental financial, accounting, and bookkeeping principles
  • Excellent time management and detail orientation
  • Capability to keep company and partner information confidential
  • Self-motivated and capable of handling multiple tasks in a high-pressure situation.
  • 4-year bachelor’s degree in accounting, finance, business administration, or a related field
  • The Certified Public Accountant (CPA) designation may be advantageous.

Accounts Payables Job Skills

  • Keeping track of budget expenses.
  • Pay attention to the details.
  • Thoroughness.
  • Organization.
  • Information analysis
  • Accounting.
  • Relationships with vendors
  • proficiency with a computer
  • Attention to detail, organization, and self-motivation skills.

Accounts Payables Salary

As of October 27, 2022, the average Accounts Payable salary in the United States is $74,654. The typical salary range for our most popular Accounts Payable positions (listed below) is between $38,925 and $110,383. Remember that salary ranges can vary greatly depending on a variety of factors, including position, education, certifications, additional skills, and the number of years you have worked in your field. Salary.com has more online, real-time compensation data than any other website, allowing you to pinpoint your exact pay target.

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Conclusion

In summary, Accounts Payable is responsible for providing financial, administrative, and clerical support to the organization. Receiving payments, as well as processing, confirming, and reconciling invoices, is their function in completing payments and controlling expenses. A typical Accounts Payable job description also emphasizes the timely and effective management of all payment cycle activities.

Their primary responsibilities include making payments to suppliers and other creditors owed by the firm, paying vendor invoices or bills, and tracking the company’s short-term debts.


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