Accounts Payable

HomeCareersAccounts Payable

Education Requirements

  • A degree is not mandatory
  • An understanding of basic bookkeeping and accounting skills is required
  • A degree in the following subjects would be beneficial:
    • Finance or Economics
    • Business Studies
    • Accounting

Accounts Payable Essential Skills

  • Analytical skills
  • Detail oriented and organized
  • Computation skills
  • Leadership abilities
  • Written and oral communication skills
  • Problem solving skills

Accounts Payable Roles & Responsibilities

  • Post business transactions, process invoices, verify financial data for use in maintaining accounts payable records
  • Provide other clerical support necessary to pay the obligations of the organization
  • Maintain meticulous records of outstanding payables
  • Ensure the accuracy of an organization’s financial documents for payment, auditing and tax purposes
  • Protect businesses against unintentional overpayment
  • Practice eJTective monitoring to ensure payments are made to vendors in a timely manner

Day-to-Day Duties

  • Clarify any questionable invoice items, prices or receiving signatures
  • Assemble and review invoices to be completed for payment
  • Maintain copies of vouchers, invoices or correspondence necessary for files
  • Type periodic reports and other records
  • Obtain proper information and/or data regarding invoice payments
  • Check vendor files for any previous payments and assign voucher numbers
  • Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures
  • Reconcile bank statements
  • Input daily bookkeeping and record keeping
  • Verify invoices against purchase orders and ensure goods or services were received before issuing payment to vendors
  • Accepted file types: docx, pdf.