Understanding Accounting Job Titles
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Do you have a keen eye for detail? Do you excel at accounting and clerical tasks related to what a company owes to its suppliers? If so, a position as an Accounts Payable Clerk might be an ideal one for you.
Accounts Payable Clerks play a vital role in assuring their organization’s bottom line, and in helping manage and process the payments for the goods and services that companies use every day.
This critical role is vital in balancing all the financials for a company, tracking budgets, monitoring vendor agreements and contracts, and confirming that all payments are correctly processed. If you are detail-oriented, have time management expertise, and effective communication skills, this may be a position where you can thrive.
This position requires a bachelor’s degree in accounting, finance, or a related discipline.
According to Payscale the median annual salary of an Accounts Payable Clerk with
1 Year of Experience:
5 Years of Experience:
The first step in becoming an Accounts Payable Clerk is earning a bachelor’s degree in accounting, finance, or a related discipline. Beyond that, candidates can gain skills and accreditation by earning accounting certifications like Certified Accounts Payable Associate (CAPA).
The Accounts Payable field is continually evolving. Rather than thought of as a back-office function, accounts payable departments are beginning to be thought of in a more strategically important way than in the past. As well as depending on this department for its traditional function, companies will be looking to accounts payable departments to supply essential data.
Like with many industries, automation is becoming more prevalent than in the past. This trend is projected to be a factor in a slight decline for Accounts Payable Clerks of four percent through 2028, according to the U.S. Bureau of Labor Statistics.
That said, Accounts Payable Clerks are used in a wide variety of accounting environments, and industries across the board require them.
The typical work hours for an Accounts Payable Clerk are from 9 a.m. to 5 p.m. Monday through Friday in an office setting. However, longer or different hours can be necessary, depending on the needs and hours of an individual company.
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