What's the take-home for an AP director?
The prominence of the Accounts Payable department has increased in recent years, so what does the portrait of an average firm’s AP director look like?
According to IOMA’s recent AP compensation survey, the average Accounts Payable director earns $98,457 per year and brings to the table an average of 23.5 years of overall work experience — with around 16 years of experience specific to AP.
The numbers vary slightly depending on the size of the organization.
AP directors at smaller companies (200 employees or less) earn $95,750 annually; the head of AP at companies with between 1,000 to 5,000 employees makes $101,400 per year on average.
The study also broke down the salaries by industry and found that AP directors at manufacturing firms were the highest earners at $121,667.
Here’s an additional salary breakdown by industry:
- Utilities and transportation, $111,667
- Wholesale, retail and distribution, $111,400
- Nonprofits and charitable groups, $85,000, and
- Educational organizations, $74, 143.
Do these salaries seem consistent with organizations in your area? Leave a comment in our Comments Section.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
Some payroll staffers may assume that complying with IRS regulations is enough to keep their companies out of trouble. That’s not ...
A Little Caesars franchisee will pay $409,457 for federal wage and hour violations, the Department of Labor (DOL) recently announced. Th...
Heads up: You may need to ask to see certain employees’ Form I-9 documents, even if they were hired several years ago. That’...
B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup w...
At first glance, Trump Accounts look like a low-cost win: tax-free, $2,500 per employee, good optics. But heads up — the fine print i...
Hospitality employers in California take note: Several cities in The Golden State have minimum wage increases for hotel employees soon taki...
