Accounts Payable Specialist Career Info
|Degree Level||High school diploma or equivalent; some employers prefer associate degree|
|Certification||Voluntary from the American Institute of Professional Bookkeepers or National Bookkeepers Association|
|Experience||1-2 years sometimes preferred|
|Key Skills||General math and 10-key calculator skills; detail-oriented; working knowledge of accounting principles and accounting and financial management software|
|Salary||$40,240 (2018 median for bookkeeping, accounting, and auditing clerks)|
Sources: U.S. Bureau of Labor Statistics (May 2018), October 2012 job postings, O*Net Online.
Accounts payable specialists, also known as accounts payable clerks, process vendor invoices and ensure that a company's accounts payable reports are accurate and that payments for unpaid invoices are sent out in a timely manner. This occupation might be stressful when deadlines hover nearby, and overtime is often required at busier times of the year.
In addition to work experience and some education, employers might look for accounts payable specialists who have a few key skills. These include general math skills, knowledge of accounting principles, knowledge of accounting and financial management software, 10-key calculator skills, and attention to detail.
According to the U.S. Bureau of Labor Statistics, bookkeeping, accounting and auditing clerks made a median annual salary of $40,240 per year in 2018.
Earn an Associate's Degree
Although most accounts payable clerks have a high school diploma or the equivalent, possessing an associate's degree may increase the number of jobs for which an individual is eligible. An associate's degree in accounting can prepare individuals for a job in the field. Classes in these programs cover topics like economics, accounting principles, spreadsheets, computerized accounting and taxes.
Some associate's degree programs allow students to complete a work experience with a local business. These opportunities provide students with hands-on experience working in the field. This experience may impress employers, thereby making it easier to find a job after graduation.
Work as a Clerk
Many accounting clerk jobs are entry-level positions. These workers are responsible for entering vendor invoices, managing vendor databases, scheduling payments according to invoice terms, preparing checks for signature and mailing payments. Higher-level clerks may perform tasks like coding bills and verifying transaction accuracy.
The American Institute of Professional Bookkeepers offers the Bookkeeper Certification. Earning this certification requires a minimum of two years of work experience and passing an exam. This credential demonstrates that an individual is able to perform all the functions of a bookkeeper. The National Bookkeepers Association also offers certification. Applicants have to take and pass the Uniform Bookkeeper Certification Examination to be awarded Bookkeeper Certification.
Earn a Bachelor's Degree
Accounting clerks who enjoy the field and want to advance have the option of getting a bachelor's degree in the field. Having a bachelor's degree allows individuals to work as an accountant or auditor, which often comes with increased salary and more career options.
To sum up, aspiring accounts payable specialists may want to look into completing a degree or certificate program in the accounting field before gaining some first-hand experience and earning voluntary certification as a bookkeeper.