Accounts Payable Jobs in the Philippines hold a crucial position in the market. They ensure accurate financial transactions by managing invoices, conducting audits, and adhering to accounting standards. Diligently overseeing payment processes and resolving discrepancies, Accounts Payable specialists contribute significantly to the financial success and stability of businesses across diverse industries. Embrace this rewarding career path as an Accounts Payable professional, making a valuable impact in the dynamic and evolving job market of the Philippines.
An Accounts Payable professional is responsible for processing and managing the payment of invoices and expenses incurred by a company. They ensure accurate record-keeping, financial policies and procedures adherence, and timely payment of obligations.
The responsibilities of an Accounts Payable professional may vary depending on the organisation and industry. However, common tasks include:
Accounts Payable professionals verify and process invoices from vendors and suppliers, ensuring accuracy and adherence to payment terms.
They review and reconcile employee expense reports, ensuring compliance with company policies and appropriate documentation.
Accounts Payable professionals prepare and process payments to vendors and suppliers, including checks and electronic and wire transfers, while maintaining accurate payment records.
They maintain strong relationships with vendors and suppliers, addressing payment inquiries, resolving discrepancies, and ensuring timely responses to inquiries.
Accounts Payable professionals maintain accurate and up-to-date financial records, including invoice files, payment records, and vendor information.
The eligibility criteria for the role of an accounts payable job has the following requirements:
The role of an Accounts Payable professional will require particular skills along with the right qualifications. Here are a few skills that will guarantee your role as an account payable professional:
Accounts Payable professionals should have excellent attention to detail to accurately process invoices, reconcile accounts, and ensure data integrity.
Strong numerical and analytical abilities are essential for reconciling accounts, identifying discrepancies, and resolving payment-related issues.
A good understanding of basic accounting principles, financial terminology and familiarity with general ledger accounts is necessary for accurate financial record-keeping.
Accounts Payable professionals must effectively manage their time to meet payment deadlines, process invoices promptly, and respond to inquiries promptly.
Effective communication skills are crucial for interacting with vendors, suppliers, and internal stakeholders. Accounts Payable professionals should be able to address inquiries professionally and collaborate with colleagues across departments.
Accounts Payable professionals are employed in various industries and organisations. Most common employers are:
Accounts Payable roles offer opportunities for career growth and specialisation. Accounts Payable professionals can expand their financial analysis and vendor management skills or move into broader finance roles within organisations.
The accounts payable job salary in the Philippines can vary based on experience, industry, and location. However, the average salary for an Accounts Payable Specialist is ₱300317 per annum in the Philippines.
Accounts Payable professionals handle invoice processing, payment processing, expense management, and vendor/supplier management. They ensure accurate financial record-keeping and timely payment of obligations.
Job search portals like Foundit.com.ph, recruitment agencies, and company websites are excellent resources for finding Accounts Payable job openings. Networking, professional communities, and industry-specific forums can also provide valuable opportunities.
While specific qualifications may vary, a high school diploma or equivalent is typically required. Some positions may prefer candidates with an associate's or bachelor's degree in accounting or finance. Strong attention to detail, numerical skills, knowledge of accounting principles, and proficiency in relevant software are crucial for success in Accounts Payable roles.