What is an AP Analyst job?
An AP Analyst job is a position that involves managing and analyzing a company's accounts payable (AP) process. This role typically involves reviewing invoices, processing payments, reconciling accounts, and ensuring that payments are made in a timely and accurate manner. AP Analysts are responsible for ensuring that the company's financial records are accurate and up-to-date.
What do AP Analysts usually do in this position?
In this position, AP Analysts are responsible for managing all aspects of the accounts payable process. This includes reviewing invoices, ensuring that they are accurate and properly coded, and preparing them for payment. AP Analysts also work to resolve any issues or discrepancies that arise during the payment process. Additionally, they are responsible for reconciling accounts and ensuring that all payments are made in a timely and accurate manner.
Top 5 skills for an AP Analyst position:
- Strong attention to detail
- Excellent organizational skills
- Ability to work independently
- Strong analytical skills
- Excellent communication and interpersonal skills
How to become an AP Analyst specialist:
To become an AP Analyst specialist, you typically need a bachelor's degree in accounting, finance, or a related field. Some employers may also require professional certifications, such as a Certified Accounts Payable Professional (CAPP) designation. Additionally, experience in accounts payable or a related field is often required.
Average salary for an AP Analyst:
According to Glassdoor, the national average salary for an AP Analyst is $51,869 per year. However, salaries can vary widely depending on the employer, location, and level of experience.
Roles and types of AP Analyst positions:
AP Analysts can work in a variety of industries, including healthcare, finance, and retail. Some common roles for AP Analysts include Accounts Payable Specialist, Accounts Payable Clerk, and Accounts Payable Coordinator. Additionally, some AP Analysts may work in a supervisory or management role, overseeing a team of AP professionals.
Locations with the most popular AP Analyst jobs in the USA:
According to Indeed, some of the top locations for AP Analyst jobs in the USA include New York, NY, Los Angeles, CA, Houston, TX, Chicago, IL, and Atlanta, GA. However, AP Analyst positions can be found in virtually every major city and region in the country.
What are the typical tools used in an AP Analyst position?
AP Analysts typically use a variety of software tools and systems to manage the accounts payable process. Some common tools include accounting software such as QuickBooks or Sage, as well as enterprise resource planning (ERP) software like SAP or Oracle. Additionally, AP Analysts may use tools like Microsoft Excel or Google Sheets to manage data and perform analyses.
In conclusion:
AP Analysts play a critical role in managing a company's accounts payable process. They are responsible for ensuring that payments are made in a timely and accurate manner, and for maintaining accurate financial records. To succeed in this role, AP Analysts need strong analytical, organizational, and communication skills, as well as a solid understanding of accounting principles and software tools. With the right education, experience, and skills, an AP Analyst position can be a rewarding and fulfilling career choice.