Accounts Payable Specialist Goals and Objectives Examples
Process vendor invoices accurately and on time.
Maintain accurate records of all accounts payable transactions.
Ensure timely payment to vendors to maintain positive relationships.
Reconcile vendor statements to ensure accuracy of billings.
Create and maintain reports related to accounts payable.
Collaborate with other departments to resolve billing discrepancies.
Monitor and manage cash flow related to accounts payable.
Identify opportunities for process improvements.
Communicate effectively with vendors and internal stakeholders.
Stay up-to-date with industry regulations and compliance requirements.
Ensure compliance with company policies and procedures.
Assist in the budgeting and forecasting process as it relates to accounts payable.
Review and evaluate expense reports to ensure policy compliance.
Assist in the month-end close process related to accounts payable.
Provide support during audits related to accounts payable.
Process employee reimbursements accurately and on time.
Maintain confidentiality of sensitive information related to accounts payable.
Minimize errors and reduce the number of rejected invoices.
Ensure all payments are authorized by the appropriate individuals.
Respond promptly to vendor inquiries regarding payment status.
Streamline accounts payable processes to increase efficiency.
Track and report on key performance indicators related to accounts payable.
Manage the accounts payable mailbox, ensuring timely responses to inquiries.
Participate in cross-functional initiatives to improve overall business performance.
Facilitate communication between vendors and the purchasing department.
Monitor vendor performance to ensure quality goods and services are received.
Respond to urgent payment requests in a timely manner.
Work with the finance team to forecast cash needs for accounts payable.
Ensure all payments are processed within established timelines.
Investigate and resolve any discrepancies related to accounts payable.
Provide training on accounts payable processes and systems to new employees.
Collaborate with the legal department to ensure compliance with contract terms.
Review and approve invoices that require additional approval.
Provide accurate and timely reports to management as requested.
Identify cost-saving opportunities related to accounts payable.
Establish and maintain relationships with key vendors.
Assist in the development of policies and procedures related to accounts payable.
Participate in system testing related to accounts payable.
Process vendor credit memos accurately and on time.
Reconcile intercompany accounts related to accounts payable.
Respond to inquiries related to vendor 1099 forms.
Monitor the aging of accounts payable to ensure timely payment.
Manage the workflow of invoice processing to ensure efficiency.
Ensure all payments are properly coded and allocated to the correct department.
Facilitate communication between the accounts payable team and other departments.
Monitor the use of company credit cards and reconcile statements.
Identify and resolve duplicate payments.
Monitor the status of purchase orders related to accounts payable.
Coordinate with the procurement team to ensure timely delivery of goods and services.
Ensure all invoices are properly authorized before processing for payment.
Develop and maintain strong working relationships with internal stakeholders.
Maintain accurate records of all accounts payable transactions in compliance with accounting principles.
Ensure all vendor contracts are current and up-to-date.
Verify sales tax rates and apply them accurately to invoices.
Monitor vendor pricing to ensure competitive rates.
Maintain detailed records of all outstanding invoices for easy reference.
Ensure all invoices are filed appropriately for easy retrieval.
Respond promptly to inquiries from auditors related to accounts payable.
Analyze vendor statements for accuracy and completeness.
Develop and implement systems and processes to reduce manual data entry.
Ensure all manual checks are authorized by the appropriate individuals.
Negotiate payment terms with vendors to maximize cash flow.
Maintain a high level of accuracy while working under tight deadlines.
Reconcile bank statements related to accounts payable.
Ensure all invoices are properly approved prior to payment.
Collaborate with the accounting team to ensure proper recording of expenses.
Review and approve expense reports submitted by employees.
Verify that all invoices are paid in accordance with contract terms.
Develop and maintain a strong understanding of the company's vendor management processes.
Facilitate communication between the accounts payable team and external auditors.
Monitor the status of payments to ensure compliance with vendor contracts.
Ensure all invoices are properly categorized for financial reporting purposes.
Provide support during the year-end close process related to accounts payable.
Ensure all invoices include appropriate backup documentation.
Monitor and report on vendor performance metrics.
Respond promptly to inquiries from internal stakeholders related to accounts payable.
Identify and resolve recurring issues related to accounts payable.
Maintain a high level of customer service when interacting with vendors and internal stakeholders.
Ensure all invoices are processed in accordance with established policies and procedures.
Continuously improve upon accounts payable processes to increase efficiency and accuracy.