Accounts Payable Manager Goals and Objectives Examples
Ensure timely processing of all payable invoices.
Implement best practices for accounts payable processes.
Maintain accurate records of all transactions.
Analyze monthly financial statements for accuracy.
Develop and review policies and procedures for accounts payable.
Oversee the reconciliation of vendor statements.
Establish and manage relationships with vendors.
Monitor cash flow and make appropriate adjustments to payment schedules.
Streamline the accounts payable process to reduce errors and improve efficiency.
Ensure compliance with regulatory requirements.
Manage internal and external audits of accounts payable functions.
Provide training to staff on accounts payable processes.
Develop and maintain key performance indicators (KPIs) for accounts payable team.
Improve vendor payment terms to optimize cash flow.
Review and approve all payments to vendors.
Evaluate, select, and manage accounts payable software systems.
Conduct performance evaluations for accounts payable staff.
Identify and implement cost-saving opportunities in accounts payable processes.
Respond promptly to inquiries from vendors.
Monitor the aging report to ensure timely payment of invoices.
Determine appropriate payment allocation when a vendor has multiple invoices outstanding.
Develop and maintain a system for tracking outstanding checks and escheatment reporting.
Develop and implement a process for handling disputed invoices.
Provide regular reports on accounts payable performance metrics to senior management.
Work collaboratively with other departments to ensure seamless financial operations.
Manage the issuance of 1099 forms at year-end.
Maintain accurate records of sales and use tax payments.
Coordinate monthly closings with accounting department.
Develop and maintain policies and procedures for travel and expense reimbursement.
Ensure compliance with corporate travel and expense policies.
Monitor compliance with vendor contracts and agreements.
Collaborate with procurement team to ensure timely receipt of purchase orders.
Monitor accounts payable aging to ensure appropriate payment prioritization.
Maintain vendor database, including accurate contact and payment information.
Develop and monitor budget for accounts payable team.
Manage the processing of online payments for vendors.
Monitor the accuracy of data entry for accounts payable transactions.
Coordinate with treasury department to optimize cash management.
Continuously develop and improve accounts payable processes to enhance efficiency.
Identify and mitigate fraud risks within the accounts payable process.
Establish credit terms with vendors that are favorable to the company.
Ensure timely processing of employee expense reports.
Develop and implement a system for tracking vendor rebates and discounts.
Evaluate and negotiate payment terms with vendors.
Review and approve purchase orders to ensure compliance with budgetary guidelines.
Manage vendor relationships to improve payment terms and discounts.
Develop and maintain strong internal controls for accounts payable processes.
Work collaboratively with legal department to ensure compliance with contractual requirements.
Monitor compliance with IRS guidelines for 1099 reporting.
Review and approve expense reports in a timely manner.
Ensure accurate coding of all invoices to the general ledger.
Develop and maintain key vendor scorecards to track performance metrics.
Ensure compliance with SOX requirements for accounts payable processes.
Work collaboratively with IT department to continuously assess and improve software systems.
Develop and maintain an inventory of fixed assets and track depreciation expenses.
Monitor the accuracy of sales tax calculations on vendor invoices.
Manage the processing of wire transfers and electronic payments.
Work collaboratively with procurement team to identify cost-saving opportunities through volume purchases or alternative suppliers.
Review and approve vendor contracts for accuracy and completeness.
Develop and implement procedures for handling confidential financial information.
Continuously monitor financial statements for accuracy and completeness.
Establish standard operating procedures for accounts payable team.
Develop and maintain training materials for new accounts payable staff.
Ensure timely processing of all credit card statements.
Manage the reconciliation of general ledger accounts related to accounts payable.
Develop and implement a process for tracking vendor insurance certificates.
Review and approve payment requests from other departments.
Ensure timely resolution of any outstanding issues related to accounts payable.
Work collaboratively with HR department to ensure employee compliance with travel and expense policies.
Assist in ad hoc projects as assigned by senior management.
Continuously monitor vendor performance to ensure adherence to service level agreements.
Develop and monitor a system for tracking vendor contract renewals.
Monitor compliance with state and local tax requirements.
Work collaboratively with internal audit department to identify areas for improvement within accounts payable processes.
Maintain accurate records of all journal entries related to accounts payable.
Ensure timely processing of all lease agreements and payments.
Coordinate with budget department to ensure accuracy of accounts payable forecasts.
Provide regular updates on accounts payable activities to senior management.
Establish and maintain strong relationships with cross-functional teams within the organization.
Develop and maintain a dashboard of key metrics for accounts payable performance.