The Average Salary of an Accounts Payable Specialist

Accounts payable specialists work in the bookkeeping department of a company. It is their job to make sure that all invoices billed to the company are correct and paid on time. They must double check to make sure there are no overcharges, that all things ordered and billed have been received, and that any mistakes are fixed.

  1. Salary by Location

    • According to Payscale.com, accounts payable specialists in California earn the highest average salary with a range of $39,482 to $50,091 per year as of September 2010. Accounts payable specialists in Illinois can expect a range of $32,736 to $43,178, while those in New York will earn an average of $37,769 to $45,916.

    Salary by Education

    • According to the Bureau of Labor Statistics, an advanced degree can help with a higher average starting rate of pay for those in the accounting field. Individuals with a bachelor's degree averaged a starting rate of $48,993 as of 2009, while those with a master's averaged a starting rate of $49,786 as of 2009.

    Salary by Experience

    • Although the average rate of pay for an accounts payable specialist does increase with more experience, some first-time employees are seeing a higher starting pay than those with numerous years of experience. The first-year employee can expect a starting salary of $30,968 to $48,995 as of 2010. Those with 20 years of experience, as of 2010, however, are averaging a salary of less than $44,932.

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