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Common Questions About Accounts Payable Jobs

Curious about accounts payable jobs and the roles of an employee? Here are the answers to some common questions that may be on your mind.

Getting a job in accounting is usually a great idea, just because there is so much opportunity in the field. However, you’re also going to find that most accounting positions take a major education, and that’s not something everybody has the desire for, given all the work that it entails. That’s what makes accounts payable jobs a great opportunity to get your foot in the door, and open up some accounting possibility. These are jobs that could be classified as only featuring light accounting work, so that you can ensure they don’t take a whole lot of expertise to carry out, and they still pay great.

However, with something like accounts payable jobs, not everyone has heard of the position before, and that can lead to some confusion as to what you would actually do here. That’s why it’s important to have your questions answered before you make an actual decision as to whether or not this type of a career path is going to be right for you or not. Here are a few of the most common questions that you could have about a career in accounts payable, and what they entail:

1) What are accounts payable jobs responsible for?

Basically a career here means that you’re going to be handling all of a business’ expenses for the items that they buy into the store, and the services that they need provided. Whether you’re talking about paying a vendor, or something else of the like, that information has to be tracked and paid attention to, so that you can be sure you’re able to track who has been paid and who hasn’t. This way, on a monthly or even weekly basis, a company is able to ensure that vendors are paid on schedule, so that you can maintain a positive relationship, and also avoid going into debt.

2) What type of an education does accounts payable careers require?

Most typically you want to have a good understanding of accounting and the industry on the whole, so that you know hw to track numbers and stats like these more easily. But it does not require the type of education that you would need if you were going to be a full blown accountant. Rather, you only really need to attend associate’s degree courses, which can be completed in around two years, opposed to the four years a bachelor’s degree demands. Moreover, you’re also able to ensure that you don’t have to major in accounting to still get the information that you need to work accounts payable jobs.

3) What are the day to day expectations of the job?

What you’re going to be doing on a daily basis can also be a make or break, as you want to be sure it’s a job that you can manage without too much of an issue. But basically, your accounts payable jobs are responsible for coding and managing invoices as they come in, and then packing them away and scheduling payment on a time table that makes sense for your corporation.

First off, when product comes in, or a new order is filled, your company is responsible for taking the invoice, and then actually making sense of it. That means making sure everything matches up in terms of what should have been delivered or provided, and what should have been charged. Then you code the bill so that it’s adapted to your payment system, to be able to keep track of them all the better.

From there, it’s put on your schedule or timetable, to ensure that the invoice is then paid in kind when the time comes. By utilizing the right type of bookkeeping software in most cases, accounts payable employees are able to track which payments need to go out when, and coordinate with a company budget, to ensure that everything is paid in full on an acceptable schedule.

4) How much do accounts payable jobs pay?

The national average for accounts payable salary as of 2011 is roundabouts $25,000 to $35,000 a year for every position. That doesn’t sound like a lot, but remember that’s just the average, so with the right company there is still room for improvement there. Moreover, you’ll also find that you’re able to get management jobs from here, and you can even move into straight accounting as well, which typically pays much better.

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