Bookkeeping and accounts payable are critical functions in today's workplace, keeping a business' financial records straight and vendors satisfied. Wake Tech offers both online and in-person courses where you can learn how to handle these functions and advance in your career.
The speed at which organizations do business has amplified the need for qualified accounts payable managers who can streamline financial operations. If you want to advance your career within an accounts payable department, you need to become a certified Accounts Payable Manager (APM). This 100% online training course, which you can start and complete at any time, will prepare you for the APM certification exam in just three months.
The U.S. Bureau of Labor statistics estimates an 11% job growth for accounts payable managers – about 14,000 job openings per year over the next five years. According to global staffing firm Robert Half, the current median annual salary for accounts payable managers is just under $64,000.
Meanwhile, accounts payable specialists perform a vital function by making sure bills and commitments are paid on time, accurately and completely. This 100% online course, which can be started and completed at any time, will teach you the concepts, requirements and procedures for handling accounts payable. By course completion, you will be fully prepared to pass the Accounts Payable Specialist certification, offered by the Institute of Finance & Management.
According to PayScale.com, accounts payable specialists earn between $15 and $24 per hour, depending on experience and industry. Including common bonus and profit-sharing programs, annual incomes range from $31,715 to $53,847.
The U.S. Bureau of Labor Statistics indicates that there are almost 2 million accounting and bookkeeping specialists in the labor force, so the overall demand for well-trained professionals is significant. Because many organizations manage their accounting online, accounts payable specialists have strong opportunities for remote, work-from-home, contract and temporary positions.
Corporations and local organizations need qualified bookkeepers, who track all financial transactions: sales, purchases, payments, wages, depreciation, inventory, internal controls and fraud protection.
According to ONET, bookkeepers earn $19.78 per hour, on average. Top bookkeepers' earnings can exceed $60,140 a year.
Three of the top specialized skills found in job postings include accounting, accounts payable/receivable and bookkeeping. The fourth skill requested is QuickBooks®, an accounting software that expands the capabilities of bookkeepers.
QuickBooks® training is included in two short-term training courses at Wake Tech: Intuit QuickBooks Certified User Online and Certified Bookkeeper AIPB Using Intuit QuickBooks Online. Together, they can prepare you for the American Institute of Professional Bookkeepers (AIPB) Certified Bookkeeper certification exam.
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While a certification is not required to work as an accounts payable manager, the Accounts Payable Manager Certification from the Institute of Finance and Management is the gold standard of in the sector. This certification is highly recognized and held by more than 25,000 accounts payable professionals the private, public and nonprofit sectors.
Accounts payable managers oversee all payable operations for an organization, such as ensuring ledger maintenance, analyzing and reporting on forecasts, training and mentoring accounts receivable and accounts payable clerks, investigating non-payment situations and negotiating resolution terms and implementing operational improvements. This certification demonstrates that you understand the best practices needed to succeed in this high profile role, as well as your commitment to accuracy and compliance.
Yes. This Accounts Payable Manager Certification training course will prepare you for the Institute of Finance and Management exam. An exam voucher may be provided as part of the course to sit for the exam upon eligibility.
When companies purchase goods, services or commodities online, they incur obligations to repay their vendors and providers under specific circumstances. Those obligations are recorded as "accounts payable." Organizing, managing and repaying those accounts keeps an organization on good terms with its creditors and may influence its ability to borrow. Accounts payable specialists may also participate in the organization's cash management procedures.
Certification marks an employee or job prospect as one who values and practices high professional standards. While formal degrees may be helpful for accounting and bookkeeping positions, excellent certifications signal a candidate's capability, often at a much lower cost.
Institute of Finance & Management certifications are considered the gold standard for practical accounting and bookkeeping jobs. Holders of the Accounts Payable Specialist certification are recognized for their accuracy, timeliness and attention to detail in accounts payable processing.
Accounts payable specialists may also be known as accounts payable clerks, accounts payable managers, accounts payable accountants, director of accounts payable or many other titles.