Salaries For Accounts Payable Manager

There are versed benefits laced with becoming an account payable manager in the United States. Are you a business student to become an account payable manager someday, you’ve made the right choice and if you are concerned about the salary rate of the accounts payable manager, worry no more as the salary is at a high level. Let us know more detail about ‘Salaries For Accounts Payable Manager’.

Salaries For Accounts Payable Manager

Various sites have clarified the issue of ‘how much do I get paid as an accounts payable manager?’ With different salary reports and findings. One of the discoveries has shown that the lowest pay is $34,000, the average national annual income of $73,407, a high rate of $111,000, and a $35 hourly pay. A case study of three studies was considered and the results were $111,000, $339,000, and $109,700 respectively on an annual rate. An average hourly rate of $73,407, $155,700, and $95,425. 

Accounts Payable Manager:

Just as the name implies, the role of an accounts payable manager deals with account management. The job of an account payable manager is more than accounting it is still a criterion for all accounts payable managers. An accounts payable manager supersedes, executes, and manages all activities in the account payable functioning department. There are roles an account payable manager must fulfill as responsibility for the betterment of the organization. They include:

1. Preparing a detailed account of all invoices, vouchers, and accurate report which must include all details like the time, who carried out the transaction, the date the transaction was carried out, and the receiver.
2. They are to act as the communication bridge between the head of the department and the subsidiary staff
3. They ensure that project deadlines are met and are submitted to meet up the allocated expenditures while working alongside their team which is why accounts payable manager must be flexible in communication 
4. Professional abilities to maintain the office ledgers, spreadsheets, or any account document linked to the organization including the organization or client’s tax information
5. They are to be an indirect ambassador of the company by ensuring the effectiveness of their work to promote the company

To be an account payable is an unlimited limited restriction meaning that the occupation is versed on benefits making its advantages unlimited but is however limited in experience and requirement because, in comparison to other jobs where you can start high school graduate, it will be added to join into this profession without a degree. Some of the requirements and reasons for its unlimited limited restrictions are as follows:

1. Bachelor’s degree – You will need a bachelor’s degree in business administration, accounting, financing, or any credible similar-like degrees that can aid the profession
2. Experience – You need to have a good experience rate because it is believed that people with experience are better and this will make your pay more effective. These experiences must range from 5, at minimum to whatever years. Mostly the higher the years of experience, the higher you are paid and valued.
3. Good Leadership roles – No matter how experienced you are, this cannot be too emphasized because it assists in the ease of dissemination of work. In most cases, you will have to work as a team or a team leader with diverse sets of people which is something only a leader can manage, poor leadership will, however, lead to multiple failures of work compliance.
4. Communication skills – This is also part of the qualities a good leader should have. If you want to be an account payable manager, then you might have to start learning how to communicate with your clients and your team effectively to buttress your organization in a sane and effective light.
5. Presentation skills – Now this is more than communication because it is an advancement. It takes communication to present but critical thinking, analysis, evaluation, sorting, and persuasions to discuss. You must be able to present reasonable ideas to solve a problem or analyze an account situation to clients and the organization

Companies And Their Salaries For An Accounts Payable Manager In The United States

Reviews from some top companies have countered the salary estimated average. The companies include:

– Wells Fargo is rated with 3.7 stars and has 2695 reviews and 14 salaries testified to back up the annual payment of $116,000

– BlueCrest is rated with 2.4 stars and has 17 reviews and 6 salaries confirmed to back up the annual payment of $109,887

– The Tatum is rated with 3.7 stars and has 14 reviews, and 16 salaries testified to support the claim of an annual payment of $103,662

– The TAG is rated with 3.5 stars and is said to have 153 reviews and 10 salaries testified to back up the annual payment of $98,058

Cities And Their Salaries For An Account Payable Manager

The cities in the United States and their pay for an account payable manager were analyzed by two different verifiable sites and hence ranking results of the top 7 cities will be analyzed according to their placements. The first placements are as follows:

1. New York, NY United States: Here, the Accounts Payable Manager earns $76,232 annually with a clarified 24 reports of payment backups. 
2. Washington, DC, United States: Here, the Accounts Payable Manager earns $76,134 annually with a clarified 14 reports of payment backups. 
3. Chicago, Illinois, United States: Here, the Accounts Payable Manager earns $71,399 annually with a clarified 19 reports of payment backups. 
4. San Diego, California, United States: Here, the Accounts Payable Manager earns $70,463 annually with a clarified 21 reports of payment backups. 
5. Atlanta, Georgia, United States: Here, the Accounts Payable Manager earns $69,182 annually with a clarified 8 reports of payment backups. 
6. Dallas, Texas, United States: Here, the Accounts Payable Manager earns $68,570 annually with a clarified 35 reports of payment backups. 

The other lists out the top 6 to be:

1. San Mateo, California: The average annual salary of the Accounts Payable Manager is $89,088, and an hourly wage of $42.83
2. Daly City, California, United States: The average annual salary is $87,579, and an hourly wage of $42.11
3. Berkeley, California, Illinois, United States: The average annual salary of the Accounts Payable Manager is $87,517, and an hourly wage of $42.08
4. Green River, Wyoming, United States: The average annual salary is $84,939, and an hourly wage of $40.84
5. Richmond, California, United States: The average annual salary Accounts Payable Manager is $83,258, and an hourly wage of $40.03
6. Dallas, Texas, United States: This State pays an annual average pay of $82,245 and an hourly wage of $39.54 

Conclusion

Now we’ve learnt about ‘Salaries For Accounts Payable Manager’, Being an Accounts Payable Manager comes with its perks as an added advantage. If you are intending to pursue a career in this field, you should go for yourself as it promises excitement and a good salary rate either on a high income, an hourly rate, an average income, or low. An Accounts Payable Manager is a good choice.

Frequently Asked Questions

• QUESTION 1: WHAT IS THE PAYMENT LIKE IN NEW YORK CITY FOR AN ACCOUNTS PAYABLE MANAGER?

ANSWER: This State pays An Accounts Payable Manager $76,232 annually

• QUESTION 2: WHAT IS THE PAYMENT LIKE IN SAINT MATEO, CALIFORNIA FOR ACCOUNTS PAYABLE MANAGERS?

ANSWER: This State pays an Accounts Payable Manager an annual average of $89,088 and an hourly wage of $42.83

• QUESTION 3: WHAT IS THE PAYMENT LIKE IN DALLAS, TEXAS FOR AN ACCOUNTS PAYABLE MANAGER?

ANSWER: This State pays An Accounts Payable Manager $82,254 annually