Accounts Payable Administrator Goals and Objectives Examples
Process invoices accurately and efficiently.
Ensure all invoices are approved before processing.
Maintain accurate records of all payable transactions.
Resolve discrepancies in a timely manner.
Meet deadlines for processing payments.
Ensure all payments are made on time.
Monitor and reconcile vendor statements.
Handle vendor inquiries and complaints.
Maintain a high level of accuracy in data entry.
Work with other departments to resolve issues related to accounts payable.
Develop and maintain relationships with vendors.
Negotiate payment terms with vendors.
Identify areas for process improvement in the accounts payable function.
Implement process improvements to increase efficiency and accuracy.
Design reports and analyze data to identify trends in accounts payable performance.
Assist in the preparation of monthly financial reports.
Prepare accruals and adjustments for month-end close.
Provide assistance during audits.
Ensure compliance with company policies and procedures.
Stay up-to-date with changes in accounting standards and regulations.
Perform monthly reconciliations of accounts payable accounts.
Verify the accuracy of backup documentation for all transactions made.
Train new employees on accounts payable processes and procedures.
Manage a high volume of invoices while maintaining accuracy and timeliness.
Ensure that purchases have proper authorization and documentation.
Address aging invoices in a timely manner to avoid late fees or disruptions in service.
Monitor cash flow and help manage payment schedules to optimize liquidity.
Review contracts with vendors to ensure that payment terms are consistent with contractual obligations.
Reconcile all vendor statements on a monthly basis.
Assist in developing and implementing policies and procedures related to accounts payable.
Monitor compliance with expense reimbursement policies and guidelines.
Manage unclaimed property reporting requirements at the state level.
Collaborate with internal stakeholders to improve the procurement process.
Monitor and report on key performance indicators related to accounts payable.
Streamline data entry processes to improve accuracy and efficiency.
Collaborate with the purchasing department to ensure timely payment of purchase orders.
Work with vendors to resolve payment issues and prevent payment delays.
Ensure compliance with all tax laws related to accounts payable.
Upgrade and maintain accounts payable software systems.
Supervise accounts payable clerks and assistants.
Foster a positive work environment that promotes teamwork and collaboration.
Identify opportunities for cost savings through improved vendor management.
Implement systems and procedures for better tracking of payment requests and approvals.
Update and maintain vendor information in the accounts payable system.
Help develop company-wide policies and procedures related to financial management.
Monitor accounts payable aging reports to ensure timely payment of invoices.
Identify opportunities for process automation to improve efficiency.
Collaborate with internal stakeholders to improve business processes.
Develop training materials for accounts payable staff.
Provide excellent customer service to vendors and internal stakeholders.
Foster a culture of continuous improvement within the accounts payable department.
Manage the accounts payable inbox, ensuring timely processing of invoices and other requests.
Review and approve expense reports in accordance with company policies and procedures.
Analyze trends in vendor payment terms and make recommendations to management.
Perform audits of vendor invoices to ensure compliance with contractual obligations.
Review contracts with vendors to identify potential savings opportunities.
Maintain accurate documentation of all accounts payable activities.
Keep up-to-date on changes in accounting regulations and standards.
Provide assistance during budget preparation and forecasting.
Ensure compliance with all internal controls related to accounts payable.
Manage cash flow forecasts to ensure adequate liquidity.
Communicate effectively with internal stakeholders regarding accounts payable matters.
Participate in cross-functional teams to drive process improvement.
Develop and implement best practices related to accounts payable.
Assist in the development of internal controls related to vendor management.
Monitor vendor performance and make recommendations for changes as needed.
Ensure timely resolution of vendor disputes.
Ensure that all payments are properly recorded and posted.
Analyze and report on expenses by category, department, and vendor.
Adapt to changing business needs and priorities.
Collaborate with other departments to identify opportunities for cost savings.
Manage the 1099 filing process at year-end.
Develop and maintain relationships with auditors and other external stakeholders.
Verify that all invoices are coded correctly and allocated to the appropriate expense account.
Continuously evaluate processes and procedures to identify areas for improvement.
Help develop and maintain the accounts payable policy manual.
Communicate with vendors regarding payment status and upcoming payment dates.
Prepare journal entries related to accounts payable activities.
Monitor compliance with all company policies and procedures related to accounts payable.
Provide accurate and timely reports to management as needed.