Alabama Aging Accounts Payable

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FAQ

Yes, accounts payable can be a difficult job. This role is primarily focused on data entry and management to ensure that all aspects of a company's accounts are maintained correctly which can make the job difficult because minor mistakes can have extreme consequences.

Common skills needed to work in accounts payableAttention to detail.Analytical skills.Mathematical skills.Computer skills.Organizational skills.Communication skills.

The average salary for a accounts payable clerk is $19.30 per hour in Alabama.

A senior accounts payable specialist, also known as a senior accounts payable clerk, ensures the accuracy of accounts payable reports, maintains accurate back-up documents and guarantees that all unpaid invoices are processed for an organization. They also closely monitor company expenses and budgets.

When an account payable is paid, Accounts Payable will be debited and Cash will be credited. Therefore, the credit balance in Accounts Payable should be equal to the amount of vendor invoices that have been recorded but have not yet been paid.

Accounts payable have payment terms associated with them. For example, the terms could stipulate that payment is due to the supplier in 30 days or 90 days. The payable is in default if the company does not pay the payable within the terms outlined by the supplier or creditor.

While ZipRecruiter is seeing annual salaries as high as $49,500 and as low as $22,000, the majority of Accounts Payable Clerk salaries currently range between $31,000 (25th percentile) to $40,000 (75th percentile) with top earners (90th percentile) making $45,000 annually across the United States.

Accounts payable are debts that must be paid off within a given period to avoid default. At the corporate level, AP refers to short-term debt payments due to suppliers. The payable is essentially a short-term IOU from one business to another business or entity.

Duties/Responsibilities: Receives and verifies expense reports; reconciles expense and other financial reports with account balances and other office records. Facilitates payment of vendors, which may include verification of federal ID numbers, reviewing purchase orders, and resolving discrepancies.

Accounts payable are usually due within 30 days, and are recorded as a short-term liability on your company's balance sheet.

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Alabama Aging Accounts Payable