Meet José. He just finished his business administration studies and started working in the accounting department of the Bike Company. Bike Company produces bicycles and e-scooters made of sustainable materials.
During his studies, José learned about different accounting practices and in his new position, he will be mainly working in payables management or accounts payable.. So, what are the main tasks a payables management accountant would do? So, what would be the main tasks for a payables management accountant? Let’s first look at the operations of the Bike Company. They purchase raw materials and other supplies daily, which result in numerous deliveries, supplier invoices and payment runs that need to be processed. Although these tasks are distributed among different roles within the company, Jose’s main job is payables management accounting.