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Accounts payable is an accounting function that matches incoming invoices from vendors with internal purchase orders (PO) and pays approved bills. It is a front-line accounting position that can handle a large amount of paperwork generated by multiple departments.
While most accounts payable (A/P) positions carry standard requirements, industry experience is helpful when handling the paperwork flow in the accounting office. Knowledge of construction materials, discount rates and delivery methods are important for this industry.
Most construction A/P clerks do not have an accounting degree, although some may have a two-year associate's degree or a certified bookkeeper license. While these are good items to find in a potential employee, these individuals may require more compensation.
Many construction A/P clerk positions are considered entry level, based on the volume in the accounting department. A/P clerks should have one to three years of experience in the accounting environment; experience in construction such as supply companies, freight warehouses or lumber yards could be helpful.
The majority of work conducted by a construction A/P specialist includes: Reconciliation of vendor statements Sending out invoices for management approval Matching invoices with internal POs Coding invoices and doing data entry Running check batches Specific industry experience includes: Balancing freight manifests Calculating discounts on supply orders Understanding construction terms and contracts
Construction A/P positions are usually paid at an hourly rate; with one to four years of experience, they can earn from $11.66 to $15.26 hourly, according to a July 2009 PayScale compensation survey. Larger construction firms may pay more if the A/P clerk has strong experience in the construction industry.