August 6, 2010, Newsletter Issue #141: Accounts Payable Job Description

Tip of the Week

An Accounts Payable Job Description differs according to the job industry and job responsibilities. Most Accounts Payable jobs, however, involve working with vendor accounts, paying bills, maintaining ledger accounts, and properly recording transactions. All positions involve attention to detail, good keyboard skills, software aptitude, and an aptitude for figure work. All Accounts Payable jobs deal with only one line item of the financial statements...accounts payable.

The Accounts Payable Accountant supervises the Accounts Payable Clerk. This position is responsible for reconciling the general ledger to the subledger of A/P. They make adjusting entries, as necessary. Other duties performed by the Accounts Payable Accountant may include:

Analyzing and preparing A/P aging report
Auditing vendor accounts for correctness
Developing subledger A/P accounts, if needed
Reporting to A/P Manager
Preparing A/P reports as needed
Handle collection calls
Liaison between company and vendors

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