Definition
An AP Supervisor, better known as Accounts Payable Supervisor, is a person who overlooks the account payable team. He or she regularly checks other people’s activities, which are a part of their team. They are responsible for managing the expense accounts and creating budget reports. Any money spent on running the business is known as a business expense. A supervisor has to keep track of all the costs made by the company. The supervisor is also responsible for presenting the overall budget to the executives.
Responsibilities
An AP Supervisor must be able to work with extreme efficiency, especially when dealing with money. Supervisors in any field are required to exhibit certain characteristics that would make the working environment pleasant for them and their team. These characteristics are known as soft skills. Soft skills at any workplace include things such as friendly behavior, being highly motivated, attention to detail, being a team player and most of all, respect towards their co-workers.
However, the core responsibilities are also mandatory to fulfill, but any negligence in fulfilling these soft skills and responsibilities can also have a heavy impact on the job. Although, an AP Supervisor is mainly concerned with the payable accounts only. Still, a supervisor holds various responsibilities, such as:
- Overlook the people associated with the Accounts Payable and ensure accurate working.
- Train the new staff that is being hired for the same process.
- Checks the cash flow records and makes essential corrections if needed.
- Analyze the expense reports and double-check the accuracy of descriptions.
- Creates a proper disciplined procedure about keeping the documents safe and easy to process.
- Provide all the documents and clarifications if needed in case of an audit.
Education & Training
The educational requirements of an AP Supervisor expect them to be a specialist in math and financial stats. Such requirements include:
- Have a Bachelor’s Degree in accounting with a major in subjects such as Basics of Accounting, Statistics, Financial Analysis, and Business management.
- Master’s Degree in accounting with a major in statistics, finance, and management.
- It is mandatory to complete an internship period at the payroll department in any reputed business company.
- Having an additional two years of experience in any managerial position would be highly beneficial.
License and Certifications
Although becoming an AP doesn’t require you to have a special license, there are specific certifications that you can gain to boost your progress in becoming a paid supervisor. These include several certifications, such as:
- Diploma in payroll management.
- Certificate in transaction management.
- Financial Intelligence certificate.
- Lastly, an Account Payable Supervisor Certification. This certification covers all the other skills required.
Salary
As critical as the job of an AP Supervisor is, on average, a supervisor at any extensive business may earn an ordinary income of $70,500 per year. This equates to a monthly salary of around $5,800.
The Rise of the Industry
The era of business and investment birthed a lot of opportunities along with it. Many people in any industry perform vital roles. Now every business is proliferating. So, these firms require a manager who can take care of Accounts Payable. There is currently a rise in new financial scams coming to the market, so it is essential to have a person who handles the money side of things with extreme caution and efficiency.
Employment
AP Supervisors can apply for open positions at any business firm. As mentioned in the sections above, they need to have a decorated background and plenty of monetary experitise. We can assist you in the field, but keep in mind that finding your first job can be difficult for you to begin with, as you have no prior training or experience. It can also take a while to score your first position in the field. But, we recommend you to start with even the lowest possible field salary if you get the chance.
Now, the question may arise: where can you find your first opportunity? Luckily, there are steps that you can try out to get your first designation in the field. The first thing that you can do is to search online. Then, you can try one of the few job searching engines such as Indeed, Jooble, and LinkedIn. Moreover, if you’re going to simplify your searching, you can try our website for effective job searching.
