What does an Accounts Payable Specialist do?
Accounts Payable Specialists are typically employed by accounting firms or corporations. They reconcile and verify invoices within the finance department of a corporation. They usually assist accountants and auditors in preparing documentation up until tax season. They may also be responsible for paying company bills and ensuring that financial statements include the correct information.
Accounts Payable Specialist skills and qualifications
A successful Accounts Payable Specialist will have a mix of organizational and analytical skills. They should be able to work out numbers, generate reports and find discrepancies as well as cost-saving opportunities. Other qualifications may include:
- Competency with QuickBooks, Xero, Zoho Books and other accounting tools
- Basic data entry skills
- Comfortable with math and calculations
- Good listening and communication skills
- Attention to detail
Accounts Payable Specialist salary expectations
An Accounts Payable Specialist makes an average of $56,987 per year. Salary may depend on education, experience level and geographical location.
Accounts Payable Specialist education and training
This position typically requires at least a high school diploma and some accounting experience. Recent graduates with a bachelor’s degree in finance, accounting or any other related field and relevant internship experience are encouraged to apply. A master’s degree in either field is going to be an advantage. Candidates that don’t have a bachelor’s degree may be able to apply with a Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) certification.
Accounts Payable Specialist experience requirements
The right person for this role should have at least 3 years of experience in accounting. Competence in financial and bookkeeping software is necessary. An understanding of current accounting trends is a plus. Expert-Level knowledge of spreadsheets is crucial, and experience with word processing tools is essential for generating and writing reports for record-keeping and presentations. Since the candidate will be working with entries, experience with general ledgers is a must. Other desirable skills and experience include budget creation and finance management.
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