Navigating the Accounts Payable Processor Landscape in United Kingdom with Step-by-Step Career Guide

Accounts payable processors are accountable for overseeing and evaluating the incoming payments received by their organizations. Their main responsibilities are to make sure that invoices and orders are reconciled by ensuring that the items received are paid for. This includes cooperating with suppliers to establish the status of invoices, paying to (or returning) items that are not invoiced, and making sure that the unpaid items. The processors of accounts payable make payments and maintain an accounts payable journal that is in accordance with accounting standards. They collaborate with other departments like procurement and receiving to look into the details of invoices and shipment to settle disagreements with vendors. Certain processors of accounts payable may manage travel reimbursements as well as other internal payments made to employees.

Processors of accounts payable typically work full-time in a workplace. A majority of the accounts payable processors are occupied with analyzing invoices and processing data, as well as being in contact with vendors to solve problems with payment. They also work alongside other departments in the financial department and also receiving and shipping during the course of their responsibilities. In larger organizations, the accounts payable processors are part of a team of accounts payable employees. In smaller companies, they could be the sole handler for accounts payable, under the direction of the accounting manager, who is the senior.

High school graduation or equivalent qualification is needed for this job. A bachelor's education in finance or another related field is required for certain jobs. Basic office skills like Microsoft Office products are needed, along with mathematical skills. A minimum of two years' experience in accounts payable is usually needed.