How to Become an Accounts Payable/Receivable Supervisor
Step 1: Understand the job description and responsibilities of an Accounts Payable/Receivable Supervisor
What does an Accounts Payable/Receivable Supervisor do?
AN Accounts Payable/Receivable Supervisor is responsible for supervising and guiding the day-to-day operational activities of an organization's accounts receivable and accounts payable functions. Maintains and reconciles the accounts payable and accounts receivable ledger to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Supervisor implements standard operating procedures to maintain accurate financial records and control reports. Monitors collection period and sends follow-up inquiries regarding payments for the organization. Additionally, Accounts Payable/Receivable Supervisor negotiates with past-due accounts to resolve all payment issues in a timely manner. Prepares and evaluates applicable accounting reports to identify trends, inefficiencies, and opportunities for cost-savings or process improvements and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Accounts Payable/Receivable Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be an Accounts Payable/Receivable Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.
An accounts payable/receivable supervisor is the one who supervises all activities that relate to the accounts payable/receivable functions.
They are also responsible in collecting several things like maintaining all cash receipts, follow-up inquiries, negotiating of those due accounts from before, and in referring accounts to other collection agencies.
Assisting their auditors in providing whatever they need and assisting them in performing varied tasks, including documenting the internal processes for all accounts payable and receivables.
The supervisor is responsible for hiring, training, and managing the Accounts Payable/Accounts Receivable staff.
The Accounts Payable/Accounts Receivable Supervisor will work closely with the Property Management teams and the Commercial and Corporate Accounting teams.
Step 2: Learn best tips to become an Accounts Payable/Receivable Supervisor
Best tips for those who want to become an Accounts Payable/Receivable Supervisor
Here are some tips to become an Accounts Payable/Receivable Supervisor.
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Step 3: View best colleges and universities for Accounts Payable/Receivable Supervisor
Best colleges and universities for Accounts Payable/Receivable Supervisor
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be an Accounts Payable/Receivable Supervisor
Is being an Accounts Payable/Receivable Supervisor Worth it?
Step 5: Prepare relevant skills for being an Accounts Payable/Receivable Supervisor
What skills do you need to be an Accounts Payable/Receivable Supervisor?
This role is not a beginner's role, as such, there are many skills required. It is vital to the role to command: Accounts Payable, Accounts Receivable, Billing, Data Entry-Keyboarding, Dunning, Invoice Management, Invoice Verification, Payment Posting, Payment Processing. For this position, you need to be experienced with: AP Automation Software, AR Automation Software. Management isn't easy, if it were, everyone would have the competenticies to execute the role with success.
Excellent communication skills.• Excellent analytical skills.• Good report writing skills.• Excellent People Management Skills.• Good knowledge of Microsoft Word, Excel & Power point.• Good command of English.• Proven experience as a financial accounting supervisor.• Ability to develop strong work relationship with the team.• Well versed with Oracle's Financials Modules.
·2 years’ work experience is preferred in accounts payable and accounts receivable.
Previous experience in accounts payable, accounts receivable, or general bookkeeping preferred.
Previous experience with Accounts Payable and/or Accounts Receivable.
5+ years of experience in accounts payable/accounts receivable is desired.
Step 6: View average salary for Accounts Payable/Receivable Supervisor
How much does an Accounts Payable/Receivable Supervisor make?
The average salary range for an Accounts Payable/Receivable Supervisor is from $68,275 to $89,831. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Accounts Payable/Receivable Supervisor jobs
Step 7: Find relevant Accounts Payable/Receivable Supervisor jobs, and apply.
Looking for Accounts Payable/Receivable Supervisor jobs?
Here are some Accounts Payable/Receivable Supervisor jobs in the United States.