Diploma of Accounting
Take the next step in your accounting career with this online Diploma of Accounting (FNS50217) from Monarch Institute and achieve your goals.
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The main role of an Accounts Payable Officer is to make certain that their company’s invoices are paid on schedule and that they are not being overcharged for any goods or services.
Administering the outgoing payments ledger, the Accounts Payable Officer ensures that all expenditures are accurately recorded and upholds the organisation’s financial control procedures. They also manage many internal payments such as staff reimbursement, petty cash and tax exemption certificates.
In some cases the Accounts Payable Officer also serves in the accounts receivable role, sending and following up invoices, collecting and processing payments, and handling issues such as defaulting payments and disputes.