Online Accounts Payable Specialist Training
Become an Accounts Payable Specialist
Accounts Payable (AP) Specialists perform a vital function in today's organizations by making sure their bills and commitments are paid on time, accurately, and completely. This 100% online course 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 (APS) certification, offered by the Institute of Finance & Management (IOFM).
Job Outlook for Accounts Payable Specialists
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 - $53,847 for accounts payable specialists.
Indeed.com notes that nearly every organization incurs accounts payable and most require specialists to organize and manage their accounts payable processes. The US Bureau of Labor Statistics (BLS) indicates that there are almost two 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 opportunities.
Accounts Payable Specialist FAQs
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 receivable 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.
IOFM AP certifications including the APS are considered the gold standard for practical accounting and bookkeeping jobs. Holders of the APS 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 Accountant, Director of Accounts Payable or many other titles.