Accounts Payable Manager's Salary

Accounts payable managers work in corporations, hospitals, schools and government offices. These professionals are responsible for overseeing their companies' payments to various creditors. Accounts payable managers will usually review all bills to make sure they are in line with typical expenditures. Subsequently, they will process invoices and print checks to pay those bills. These accounting professionals also write monthly reports regarding their companies' expenditures. Accounts payable managers usually earn annual salaries. Some also have profit-sharing and bonus arrangements.

Average Annual Salary

Accounts payable managers earn annual salaries between $38,638 and $60,809, according to 2011 data from PayScale.com. PayScale.com uses average or mean salaries. Those who do earn bonuses and have profit-sharing incentives usually add an extra three to eight percent to their salaries. Hence, these accounting professionals can earn total incomes of $40,837 to $70,348. Additionally, a 2009 Bureau of Labor Statistics report indicated that bookkeepers, auditors and accountants, including accounts payable managers, earned median annual salaries of $32,510. However, bookkeepers usually earn less than accountants, which drives the Bureau of Labor Statistics' median annual salaries down.

Years of Experience

An accounts payable manager's salary usually increases with experience. For example, those with less than one year of experience earn annual median salaries of approximately $47,000 per year, according to March 2011 data from Salaryexpert.com. Median salaries are those found in the exact middle of salary lists. With one to four years of experience, accounts payable managers earn median salaries of $49,000 per year. Those with five to nine years of experience earn median annual salaries of $55,000. With 10 to 19 years of experience, these accounting professionals can expect to earn median salaries of about $63,000 per year. And those with 20 or more years of experience earn median salaries of $75,000 per year. All these figures are as of March 2011.

Salary by Industry

Accounts payable managers earn more working in certain industries. For example, those working in the health care industry earn some of the highest average or mean salaries at $46,777 to $75,285 per year, according to PayScale.com. Those who work in information technology services also earn relatively high average salaries at $39,420 to $66,825 per year. Accounts payable managers working in retail or wholesale distribution earn average annual salaries between $39,949 and $64,471. Additionally, those working in colleges and universities can expect average salaries in the $36,387-to-$59,850-per-year range. And those in the manufacturing industry earn average annual salaries of $39,258 to $59,563. All these figures are as of March 2011.

Salary by City

Accounts payable managers earn some of the highest median salaries in New York City at $120,826, according to Salaryexpert.com. Those in Boston also earn relatively high median salaries at $99,914 per year. Additionally, accounts payable managers earn annual median salaries of $93,597 in Dallas; $92,433 in Charlotte; $90,526 in Miami; $87,959 in Chicago; $86,411 in Houston; $85,935 in Atlanta; $84,619 in Orlando; and $72,896 in Phoenix.

References

• PayScale: Salary Snapshot for Accounts Payable Manager Jobs; March 2011
• Bureau of Labor Statistics: Occupational Outlook Handbook, 2010-11 Edition: Bookkeeping, Accounting, and Auditing Clerks; December 2009
• Salary Expert: Accounts Payable Manager; March 2011
• Sample Job Descriptions: Accounts Payable Job Description