Accounts Payable Technician Salary
Accounts payable technicians, also known as bookkeepers, according to Education Portal, are responsible for handling a company's "numbers," including analyzing financial reports, making purchases and deposits, and recording financial transactions. The level of experience and training an accounts payable technician has affects her salary, as does the type of employer for which she works.
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Salary
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Accounts payable technicians earned an average salary of $35,340 and a median salary of $34,030 as of May 2010, reports the Bureau of Labor Statistics. Salaries began at less than $21,270 in the 10th percentile and exceeded $51,470 a year in the 90th percentile.
Type of Employer
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Accounts payable technicians working in the industry of accounting, tax preparation, bookkeeping and payroll services earned an average salary of $34,760 as of 2010, reports the Bureau of Labor Statistics. Those employed by the management of companies and enterprises earned an average of $36,490 a year, and those working for local governments earned an average of $36,470. In the industry of depository credit intermediation, accounts payable technicians earned an average of $33,490 a year, while those working in office administrative services earned an average of $35,850. Elementary and secondary schools also employed accounts payable technicians for an average income of $36,070 a year.
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Location
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The highest concentration of accounts payable technician jobs were found in the state of Montana as of 2010, where the salary average was $30,630 a year. The Bureau of Labor Statistics names the District of Columbia as the nation's top-paying state for accounts payable technicians with a salary average of $48,470 a year, followed by Connecticut and Alaska, with averages of more than $40,400. San Francisco was the top-paying urban area for accounts payable technicians, with a salary average of $46,230, and Nantucket Island and Martha's Vineyard was the top-paying rural area, with an average of $46,300.
Outlook and Requirements
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Accounts payable technicians can expect a 10 percent in jobs between 2008 and 2018, reports the Bureau of Labor Statistics, a rate "about as fast as the average" for all jobs in the U.S. Although accounting technicians may find work with a high school diploma, employers may prefer those who possess an associate degree that includes courses in payroll procedures, economic systems and tax laws. The bureau claims that accounts payable technicians with a wide variety of accounting and bookkeeping skills will be in greater demand than those trained only in a specialty area.
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References
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