Home > Salary > Sri Lanka > Account Payable Associate
An accounts payable associate is responsible for managing the financial transactions and records of a company. Their main role involves processing and verifying invoices, ensuring accuracy in billing and payments, and maintaining vendor relationships. They review and reconcile accounts, track expenses, and resolve any discrepancies or issues that may arise. Additionally, they may assist in preparing financial reports and statements, as well as participate in month-end and year-end closing activities. Strong attention to detail, organizational skills, and proficiency in accounting software are essential for this role. Effective communication and collaboration with internal departments and external vendors are also key to ensure smooth operations and timely payments. Overall, an accounts payable associate plays a crucial role in maintaining the financial health and integrity of a company.
Estimated Yearly Salary: 1,449,918 LKR
Estimated Monthly Salary: 120,827 LKR
Estimated Weekly Salary: 27,883 LKR per week
Estimated Hourly Salary: 697 LKR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 116,708 LKR
Estimated Weekly Salary: 26,933 LKR per week
Estimated Hourly Salary: 673 LKR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 4,181 USD
Estimated Monthly Salary: 348 USD
Estimated Weekly Salary: 80 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 1,449,918 LKR
Estimated Monthly Salary: 120,827 LKR
Estimated Weekly Salary: 27,883 LKR per week
Estimated Hourly Salary: 697 LKR per hour
By working as Account Payable Associate a person can save up to 124 USD per month or 1,488 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Sri Lanka, see costs of living in Sri Lanka.
Estimated Yearly Salary for Account Payable Associate
Last revision of data: 2025-01-04
Data as of 2025
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Account Payable Associate salary in Sri Lanka
Average Yearly Salary of Account Payable Associate in Sri Lanka is approximately 1,449,918 LKR (4,181 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Account Payable Associate do?
An accounts payable associate is responsible for managing the financial transactions and records of a company. Their main role involves processing and verifying invoices, ensuring accuracy in billing and payments, and maintaining vendor relationships. They review and reconcile accounts, track expenses, and resolve any discrepancies or issues that may arise. Additionally, they may assist in preparing financial reports and statements, as well as participate in month-end and year-end closing activities. Strong attention to detail, organizational skills, and proficiency in accounting software are essential for this role. Effective communication and collaboration with internal departments and external vendors are also key to ensure smooth operations and timely payments. Overall, an accounts payable associate plays a crucial role in maintaining the financial health and integrity of a company.
Skills: Accounts Payable, Financial Transactions, Invoicing, Vendor Management, Reconciliation, Financial Reporting
Job industry: Finance
Job industry: Finance
How much does Account Payable Associate make?
Salary details
How much does Account Payable Associate make?Estimated Yearly Salary: 1,449,918 LKR
Estimated Monthly Salary: 120,827 LKR
Estimated Weekly Salary: 27,883 LKR per week
Estimated Hourly Salary: 697 LKR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,400,492 LKREstimated Monthly Salary: 116,708 LKR
Estimated Weekly Salary: 26,933 LKR per week
Estimated Hourly Salary: 673 LKR per hour
Last revision of data: 2024-01-03Account Payable Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,181 USD
Estimated Monthly Salary: 348 USD
Estimated Weekly Salary: 80 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Sri Lanka, officially known as the Democratic Socialist Republic of Sri Lanka, is an island country located in South Asia. It has a population of approximately 21 million people and covers an area of around 65,610 square kilometers. The country is known for its diverse landscapes, including sandy beaches, lush forests, and scenic mountains.
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Account Payable Associate job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Account Payable Associate in Sri Lanka earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Account Payable Associate job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Account Payable Associate in Sri Lanka earns on average:
0.81 times the average salary (or 81% of average salary).
Is Account Payable Associate a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Account Payable Associate?
High salary for Account Payable Associate would be somewhere between 1,594,910 LKR and 2,102,381 LKR. However this is an estimation based on Gaussian Distribution.How much can you save working as Account Payable Associate in Sri Lanka?
Living in Sri Lanka the approximate monthly expenses are: 224 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 1,449,918 LKR
Estimated Monthly Salary: 120,827 LKR
Estimated Weekly Salary: 27,883 LKR per week
Estimated Hourly Salary: 697 LKR per hour
By working as Account Payable Associate a person can save up to 124 USD per month or 1,488 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Sri Lanka, see costs of living in Sri Lanka.
Salary comparison to region and neighbouring coutries
Country's neighbours are: India, Maldives. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Account Payable Associate
India is 16,716 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Sri Lanka
(20,273,886 LKR per year, pre-tax.)
2. Cardiologist
(16,965,724 LKR per year, pre-tax.)
(16,365,126 LKR per year, pre-tax.)
4. Neurosurgeon
(15,798,117 LKR per year, pre-tax.)
(15,785,379 LKR per year, pre-tax.)
6. Urologist
(15,470,862 LKR per year, pre-tax.)
(15,460,527 LKR per year, pre-tax.)
(15,421,430 LKR per year, pre-tax.)
(15,391,640 LKR per year, pre-tax.)
10. Oncologist
(15,389,631 LKR per year, pre-tax.)
Data as of 2025Random salary:
Senior business development analyst (2,066,191 LKR per year, pre-tax.)
Welfare fraud investigator (1,445,855 LKR per year, pre-tax.)
English for speakers of other languages (esol), teacher assistant (1,117,363 LKR per year, pre-tax.)
Alarm technician (1,549,008 LKR per year, pre-tax.)
Urban and regional planner (2,100,738 LKR per year, pre-tax.)
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