The accounting manager salary range continues to shift upward, with many of these professionals making in excess of $100,000. The versatility that such a degree provides and the opportunities afforded by an advanced accounting degree are worth the investment for those with this passion.
An accounts payable clerk is a specialized accounting clerk. It is their responsibility to keep track of information about money that is owed to outside entities such as lenders, businesses, and customers who have asked for refunds. They ensure that records of these pending transactions are up to date and properly maintained. The amount of experience that they have will affect the type of work done by an accounts payable clerk. At the entry level, an accounts payable clerk will record information about transactions, add up totals, and calculate interest charges owed. They will monitor accounts in order to ensure that no payments are past due.
Education and Licensing:
Generally speaking, an accounts payable clerk will be capable of finding a job with only a high school diploma as long as they have completed coursework in the field or have worked in a similar profession. Despite this, it is becoming more important for an accounts payable clerk to have an associate degree or another form of further education. Few employers will require a bachelor's degree. However, those with a bachelor's degree will often take a job as an accounts payable clerk in order to obtain a job with a specific company with an opportunity for advancement.
Upon hiring, an accounts payable clerk will typically receive on the job training and will either work together with another experienced worker or a supervisor.
For those who are seeking to improve their job prospects as an accounts payable clerk, it can be beneficial to obtain certification from the American Institute of Professional Bookkeepers as a Certified Bookkeeper. To obtain this certificate, an individual is required to have worked for at least two years as a bookkeeper, have a code of ethics, and pass a four part exam. Many universities offer a course to prepare for the exam. A Certified Bookkeeper must continue to receive education every three years to remain certified.
Employment and Job Outlook:
Approximately two million people are employed in the more general field of bookkeeping, accounting, and auditing clerical work, according to the Bureau of Labor and Statistics. Those employed in this general field can expect the growth in the field to be roughly average. Over the next ten years, the size of the field can be expected to grow by roughly ten percent.
Because the field is fairly large, a large number of job opportunities can be expected for anybody with the skills to work as an accounts payable clerk. This is because a large number of people working in the field can be expected to continually retire or advance to other professions.
Half of those who are employed as accounting clerks earn more than thirty two thousand dollars a year. The middle half of them earn between twenty six and forty thousand dollars a year. The top ten percent earn more than forty nine thousand each year.
Generally speaking, for the level of education obtained, work as an accounts payable clerk is very rewarding for those who choose to pursue it as a career. It offers plenty of room for advancement in the company as well.
Data provided by the Bureau of Labor Statistics
The salary range for Accounting Manager begins around $72,030 and usually tops out around $135,070, with a mean in the neighborhood of $103,550. This is about 138% higher than the national average for annual salaries.
In order to qualify for most Accounting Manager positions, you typically need to have a Bachelor's Degree or higher.
Data provided by the Bureau of Labor Statistics
The growth outlook for Accounting Manager careers is estimated at about 8% while the estimated growth for all career fields over that same span is at about 10.12%. Over the next six years, Accounting Manager jobs are expected to grow at a 27% lower rate than the national average for annual salaries.