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The Average Salary of Accounts Payable
Accounts payable employees or clerks usually handle company purchases, including office supplies, employee uniforms or equipment. Accounts payable employees are also responsible for reconciling various invoices from vendors, coding them and paying vendors. Additionally, accounts payable clerks produce and print out financial reports for their supervisors or managers. Most accounts payable clerks are paid hourly wages or salaries. Accounts payable clerks can also receive overtime pay, bonuses and profit-sharing benefits.
Average Annual Salary
Accounts payable clerks earn average annual salaries of $25,064 to $33,280, based on a 40-hour work week, according to 2011 PayScale.com data. With the inclusion of overtime, bonuses and profit-sharing, accounts payable clerks earn total incomes between $25,929 to $336,975. Additionally, Glassdoor.com lists salaries for 31 accounts payable clerks and employees, most of whom earn between $20,000 and $40,000 per year.
Years of Experience
Accounts payable clerks can earn incremental increases based on experience. Thus, most accounts payable clerks will typically earn more based on their experience. For example, an accounts payable clerk with less than one year of experience earns an average salary of $27,257 to $35,619 per year, per PayScale.com. Accounts payable clerks with one to four years of experience can expect to earn annual salaries of $27,414 to $36,149. After five to nine years of experience, accounts payable clerks earn annual salaries between $29,127 and $39,092. Additionally, an accounts payable clerk with 10 to 19 years of experience earns an annual salary of $30,414 to $40,544. And accounts payable clerks with 20 or more years of experience earn salaries of $31,004 to $41,099 per year.
Salary by Industry
Accounts payable clerks can also earn various salary ranges according to their industry. For example, accounts payable clerks in law firms earn the highest annual salaries at $30,517 to $41,070. Accounts payable clerks working in the oil or gas industries earn the second-highest salaries at $30,982 to $40,008 per year. Additionally, construction companies pay their accounts payable clerks annual salaries between $29,793 and $38,648. Accounts payable clerks working in manufacturing or distribution earn salaries of $30,040 to $37,851 per year. In the real estate property industry, accounts payable clerks earn annual salaries of $29,034 to $37,718. And accounts payable clerks in colleges and school districts earn annual salaries of $25,644 to $36,397 and $25,145 to $35,608, respectively.
Salary by State
Accounts payable clerks' salaries can also vary by state. For example, accounts payable clerks earn the highest annual salaries in California at $31,976 to $43,716, per PayScale.com. Accounting clerks in New York earn the second-highest annual salaries at $31,742 to $43,678. Accounts payable clerks can expect to earn annual salaries between $31,469 and $39,372 in New Jersey, but only $28,250 to $34,782 in Pennsylvania.