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A good career choice for for an analytically-minded person may be to pursue a life as an Accounts Payable specialist. The job of an accounts payable specialist is to review bills and invoices. These accounts payable specialists are the people in any company who are responsible for receiving an reviewing all of the invoices from the business’ vendors. If the invoice matches the bill that the company has on record, it is up to the accounts payable specialist to pay the bill. It is common for these accounts payable specialists to use accounting software on their computers to aid them with their job.
An accounts payable specialist must possess certain skills. Most importantly, he needs to be an expert mathematician. He should also pay close attention to detail, have an analytical mind, and be an organized, motivated, capable problem-solver. This is a very independent job, but the person should also be good at dealing with the vendors aover the phone, as well as communicating where things stand with management and co-workers. A decent understanding of how to use a computer is nice, too.
To become an accounts payable specialist, one must have a bachelor’s degree in the area of accounting. For the purposes of advancement, it is also smart for one to gain his certified public accountant license. Some companies only require a two-year associate degree to qualify for the position.
Job prospects are expected to see a sharp increase over the course of the next ten years. The United States Bureau of Labor Statistics predicts that accounting jobs will grow in number by twenty-two percent between the years of 2008 and 2018. This prediction means that the accounting sector will increase at a higher rate than every the occupational field over the course of that same frame of time. It is estimated by the Bureau ofLabor Statistics that there were about one million and three-hundred thousand people working as Accountants in the United States in 2008.
He annual income of an accounts payable specialist ranges anywhere from a minimum of about thirty thousand dollars to over forty-five thousand dollars according to Payscale.com. Degrees, certification, and experience are the factors that contribute to individuals earning the higher salaries.
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Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
Are accounts payable accounts that you expect will be paid to you?
are accounts payable accounts that expect will be paid to u
Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
Are accounts payable accounts that you expect will be paid to you?
are accounts payable accounts that expect will be paid to u
What causes accounts payable to increase or decrease?
When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is accounts payable a variable cost?
Yes Accounts payable is a variable cost.
What are accounts payable entries?
[Debit] Accounts payable [Credit] Cash / bank
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
Is an accounts payable created when your company pays cash for a purchase?
An Accounts Payable is created when...
