How to Become an Accounts Payable Officer: Australian Careers in Accounting and Bookkeeping

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BSB40120

Certificate IV in Business (Financial Administration)

Whether you’re looking to start a new career in business administration or have industry experience and want to formalise your skills, this BSB40120 Certificate IV in Business (Financial Administration) qualification from Open Colleges could be a great option. This flexible course, designed to make it easy to fit study in with your current lifestyle, combines the in-demand business administration skills with financial reporting and payroll knowledge to ensure that you become a valuable prospect for business in any sector.

This course will allow you to gain all the relevant business administration and communication skills such as how to build and maintain business relationships, apply various communication strategies to business tasks and write and edit complex business documents, while at the same time teaching you the principles of business financial reporting, processing of financial transactions and management of financial records and establishing and maintaining a payroll system.

Start studying today to give your career the kick-start it needs!

Please note: This is a fee-for-service course, it is not government funded.

Online

Accounts Administrator, Accounts Clerk, Accounts Payable Officer, Accounts Receivable Officer, Accounts Supervisor, Administration Supervisor, Administrative Assistant, Executive Personal Assistant, Office Manager, Payroll Clerk, Payroll Officer, Payroll Supervisor, Senior Accounts Officer

Price may vary

Self-paced, max 18 months

Not Available

FNS40222

Certificate IV in Accounting and Bookkeeping

If you have an aptitude for numbers and are looking for a lucrative career, then this FNS40222 Certificate IV in Accounting and Bookkeeping qualification from National Business Institute of Australia (NBIA) could be just what you’re looking for.

This course offers essential accounting knowledge and insight into various accounting and bookkeeping tasks commonly encountered in professional settings. Topics covered include the completion of Business Activity Statements (BAS), preparation of financial reports, processing of financial transactions, and establishment and maintenance of payroll systems. Accredited nationally and widely recognised, it caters to individuals seeking to enhance their proficiency in accounts, accounting, and bookkeeping, as well as those aspiring to establish their own bookkeeping business or become registered BAS agents.

Delivered 100% online, this course is particularly suitable for individuals already employed in the field, as well as those in administrative or office management roles aiming for career advancement who are looking for a flexible course that fits in with their timetable.

Please note: this course is fee-for-service, NOT government funded.

Online

Accounts Administrator, Accounts Clerk, Accounts Payable Officer, Accounts Receivable Officer, BAS Agent, Bookkeeper, Bookkeeper Assistant, Senior Accounts Officer, Tax Specialist, Taxation Advisor

Price may vary

12 months

FNS40222

Certificate IV in Accounting and Bookkeeping

The FNS40222 Certificate IV in Accounting and Bookkeeping offered by Macedon Ranges Education is designed to equip students with essential skills and knowledge for a successful career in the accounting and bookkeeping sector. This course covers a range of key learning areas, including financial reporting, budgeting, and the management of financial records. Students will gain practical experience in using accounting software, ensuring they are well-prepared for the demands of the industry.

Throughout the course, participants will develop a strong understanding of compliance requirements and the importance of accurate financial documentation. The curriculum is tailored to foster critical thinking and problem-solving skills, enabling students to navigate complex financial scenarios with confidence. With a focus on real-world applications, this qualification opens doors to various career opportunities in accounting and bookkeeping, making it an ideal choice for those looking to advance their professional journey.

Enquire to learn more about how the FNS40222 Certificate IV in Accounting and Bookkeeping can help kickstart a rewarding career in the financial sector.

Study modes: This course can be delivered either 100% online, or at Macedon Ranges Education’s campus in Kilmore, Victoria. Online students can start anytime. There are 4 intake dates each year for on-campus students: April, July, September, and December (for the following year).

PLEASE NOTE: This course is fee-for-service only, it is not government-funded.

On Campus, Online

Online, VIC

Accounts Payable Officer, Accounts Receivable Officer, Accounts Supervisor, Bookkeeper

Price may vary

12 months

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What is a Accounts Payable Officer?

What will I do?

What skills do I need?

Resources

What is a Accounts Payable Officer?

The role of an Accounts Payable Officer is a vital component in the financial health of any organisation. These professionals are responsible for managing the company’s outgoing payments, ensuring that all invoices are processed accurately and in a timely manner. They play a crucial role in maintaining positive relationships with suppliers and vendors, which is essential for smooth business operations. With a keen eye for detail and strong organisational skills, Accounts Payable Officers contribute significantly to the overall efficiency of the finance department.

In their day-to-day activities, Accounts Payable Officers handle a variety of responsibilities that include reviewing and verifying invoices, processing payments, and reconciling accounts. They ensure that all financial transactions are recorded accurately, which helps in maintaining the integrity of the company’s financial records. Additionally, they may be involved in preparing reports that provide insights into the company’s spending patterns, helping management make informed decisions. This role not only requires technical skills but also strong communication abilities, as they often liaise with other departments and external stakeholders.

Accounts Payable Officers also play a key role in compliance and risk management. They ensure that all payments adhere to company policies and relevant regulations, which helps mitigate financial risks. By staying updated on industry best practices and regulatory changes, they can implement necessary adjustments to processes, further enhancing the efficiency of the accounts payable function. This proactive approach not only safeguards the organisation’s financial interests but also fosters a culture of accountability and transparency.

For those considering a career as an Accounts Payable Officer, the path offers a rewarding opportunity to develop valuable skills in finance and accounting. With an average annual salary ranging from $70,000 to $80,000, this role provides a solid foundation for career advancement within the finance sector. As businesses continue to grow and evolve, the demand for skilled Accounts Payable Officers remains strong, making it an excellent choice for individuals seeking a stable and fulfilling career in finance.

Career snapshots For Accounts Payable Officers

The role of an Accounts Payable Officer is integral to the financial operations of businesses across various industries, including financial services. This position involves managing outgoing payments, ensuring accuracy in financial records, and maintaining relationships with vendors.

Average Age: Typically around 30-40 years old.
Gender Distribution: Predominantly female, though the field is becoming more diverse.
Hours per Week: Generally 38-40 hours.
Average Salary: Ranges from $70,000 to $80,000 annually, depending on location and experience.
Unemployment Rate: Relatively low, reflecting steady demand for financial roles.
Employment Numbers: Approximately 50,000 individuals employed in this role across Australia.
Projected Growth: Expected growth of around 5% over the next five years, driven by the increasing complexity of financial regulations and the need for accurate financial management.

As businesses continue to expand and financial processes become more intricate, the demand for skilled Accounts Payable Officers is likely to remain strong, making this a promising career path for those interested in finance and accounting.

What will I do?

An Accounts Payable Officer plays a crucial role in managing a company’s financial obligations, ensuring that all invoices and payments are processed accurately and on time. This position requires a keen eye for detail, strong organisational skills, and a solid understanding of accounting principles. By maintaining effective communication with vendors and internal departments, the Accounts Payable Officer helps to uphold the financial integrity of the organisation while contributing to its overall efficiency.

Invoice Processing – Reviewing and verifying invoices for accuracy before entering them into the accounting system.
Payment Processing – Preparing and processing payments to vendors, ensuring timely disbursement of funds.
Reconciliation – Reconciling accounts payable transactions and resolving discrepancies in a timely manner.
Vendor Communication – Maintaining relationships with vendors, addressing inquiries, and resolving payment issues.
Record Keeping – Maintaining accurate records of all accounts payable transactions for auditing and reporting purposes.
Reporting – Assisting in the preparation of financial reports related to accounts payable activities.
Compliance – Ensuring compliance with company policies and relevant regulations regarding financial transactions.
Collaboration – Working closely with other departments, such as procurement and finance, to streamline processes and improve efficiency.

What skills do I need?

A career as an Accounts Payable Officer requires a blend of technical and interpersonal skills to effectively manage financial transactions and maintain positive relationships with vendors. Key skills include strong attention to detail, as accuracy is crucial when processing invoices and ensuring timely payments. Proficiency in accounting software and spreadsheets is essential, enabling professionals to track expenses and manage financial records efficiently. Additionally, a solid understanding of financial regulations and compliance is important to navigate the complexities of accounts payable.

Moreover, effective communication skills are vital for liaising with suppliers and internal teams, ensuring that any discrepancies are resolved promptly. Time management and organisational skills also play a significant role, as Accounts Payable Officers often juggle multiple tasks and deadlines. By developing these skills, individuals can position themselves for success in this rewarding field, contributing to the financial health of their organisation while advancing their own career prospects.

Skills/attributes

Attention to Detail
Strong Analytical Skills
Proficiency in Accounting Software
Effective Communication Skills
Time Management Abilities
Problem-Solving Skills
Understanding of Financial Regulations
Teamwork and Collaboration
Adaptability to Change
Basic Knowledge of Taxation

Resources

NATIONAL

QLD

VIC

ACT

TAS

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How to Become an Accounts Payable Officer: Australian Careers in Accounting and Bookkeeping

What is a Accounts Payable Officer?

Career snapshots For Accounts Payable Officers

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes