Accounts Payable

An effective accounts payable officer plays an important role in maintaining the financial integrity and smooth operation of any organisation. The position requires a strong understanding of accounting principles, attention to detail and the ability to manage high volumes of transactions accurately and efficiently. An accounts payable officer typically has the following duties and responsibilities:

• paying invoices, including GST, and recording all payments
• overseeing petty cash accounts and recording all outgoings
• reviewing all payments and expenses, including purchase orders, payroll and invoices
• tracking credits owed to the company
• reconciling monthly payable reports
• preparing monthly expense statements and financial reports
• responding to queries from suppliers, customers and staff.

Although many budding finance professionals choose to pursue a degree or similar formal qualification, this is not mandatory, and accounts payable can be an entry-level position if an employer is open to hiring staff with entry-level experience.

However, even an accounts payable officer with no previous experience in the role should have experience using Microsoft Office products, in particular Excel. Previous experience in roles requiring attention to detail would be helpful.

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