HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Accounts Payable Manager Average Salary in Belgium 2024

How much money does a person working as Accounts Payable Manager make in Belgium?


Average Monthly Salary
8,700 EUR
( 104,000 EUR yearly)

LOW
4,520
EUR
AVERAGE
8,700
EUR
HIGH
13,300
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Accounts Payable Manager in Belgium typically earns around 8,700 EUR. Salaries range from 4,520 EUR (lowest) to 13,300 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Accounts Payable Manager salaries in Belgium vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Accounts Payable Manager Pay Scale and Salaries in Belgium

Median and salary distribution Belgium Accounts Payable Manager monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/median-and-salary-distribution-monthly-belgium-accounts-payable-manager.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
7,870 EUR or more
10% of people earn
7,010 to 7,870 EUR
20% of people earn
5,120 EUR or less
65% of people earn
5,120 to 7,010 EUR
Minimum Salary
4,520 EUR
Median
7,910 EUR
Maximum
13,300 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Accounts Payable Manager in Belgium range from 4,520 EUR (starting salary) to 13,300 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 7,910 EUR, half of the professionals who work as Accounts Payable Manager in Belgium earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accounts Payable Manager in Belgium earn less than 6,560 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,970 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accounts Payable Manager in Belgium compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,120 EUR to 7,010 EUR. About 20% of salaries are below the 5,120 EUR mark, while 10% fall within the range of 7,010 EUR to 7,870 EUR. Only 5% of individuals have salaries exceeding 7,870 EUR.

Salary Comparison by Years of Experience / Accounts Payable Manager / Belgium

How do experience and age affect pay?

0 - 2 Years
5,140 EUR
2 - 5 Years+34%
6,890 EUR
5 - 10 Years+30%
8,960 EUR
10 - 15 Years+21%
10,800 EUR
15 - 20 Years+9%
11,900 EUR
20+ Years+5%
12,500 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Belgium Accounts Payable Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/salary-comparison-by-years-of-experience-monthly-belgium-accounts-payable-manager.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accounts Payable Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 5,140 EUR.

While someone with an experience level between two and five years is expected to earn 6,890 EUR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,960 EUR, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,800 EUR, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 11,900 EUR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 12,500 EUR, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Accounts Payable Manager / Belgium

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Accounts Payable Manager.

Certificate or Diploma
6,100 EUR
Bachelor's Degree+52%
9,270 EUR
Master's Degree+42%
13,100 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Belgium Accounts Payable Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/salary-comparison-by-education-level-monthly-belgium-accounts-payable-manager.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accounts Payable Manager in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 6,100 EUR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 9,270 EUR, 52% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 13,100 EUR, 42% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Belgium costs anywhere from 30,800 EUR to 92,500 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Accounts Payable Manager / Belgium

Salary comparison by gender Belgium Accounts Payable Manager monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/salary-comparison-by-gender-monthly-belgium-accounts-payable-manager.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accounts Payable Manager in Belgium, the average difference between the salary of male and female employees is 6%.

Male
8,950 EUR
Female-5%
8,480 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Belgium for all Careers

Salary comparison by gender monthly Belgium
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/salary-comparison-by-gender-monthly-belgium.jpg


Average Annual Salary Increment Percentage / Accounts Payable Manager / Belgium

How much are annual salary increments in Belgium for individuals working as Accounts Payable Manager? How often do employees get salary raises?

Individuals working as Accounts Payable Manager in Belgium are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Belgium Accounts Payable Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/annual-salary-increment-rate-belgium-accounts-payable-manager.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Belgium / All Professions

Annual Salary Increment Rate Belgium
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/annual-salary-increment-rate-belgium.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Belgium is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Accounts Payable Manager / Belgium

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Belgium Accounts Payable Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/belgium/accounting-and-finance/accounts-payable-manager/annual-salary-bonus-rate-belgium-accounts-payable-manager.jpg

20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Accounts Payable Manager / Belgium


50 EUR per hour

The average hourly wage (pay per hour) for individuals working as Accounts Payable Manager in Belgium is 50 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Accounts Payable Manager in Belgium is 26 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner3,600 EUR-59%
Account Executive5,460 EUR-37%
Accountant4,510 EUR-48%
Accounting Analyst5,510 EUR-37%
Accounting Assistant3,710 EUR-57%
Accounting Associate3,420 EUR-61%
Accounting Clerk2,930 EUR-66%
Accounting Coordinator4,220 EUR-51%
Accounting Head8,380 EUR-4%
Accounting Manager8,930 EUR+3%
Accounting Officer3,580 EUR-59%
Accounting Specialist6,290 EUR-28%
Accounting Supervisor6,370 EUR-27%
Accounting Technician3,400 EUR-61%
Accounting Unit Controller7,490 EUR-14%
Accounts Executive5,710 EUR-34%
Accounts Officer3,550 EUR-59%
Accounts Payable and Receivable Specialist4,750 EUR-45%
Accounts Payable Assistant3,930 EUR-55%
Accounts Payable Associate4,290 EUR-51%
Accounts Payable Clerk3,490 EUR-60%
Accounts Payable Manager8,700 EUR+0%
Accounts Receivable Administrator6,550 EUR-25%
Accounts Receivable Clerk3,640 EUR-58%
Accounts Receivable Financial Analyst6,310 EUR-27%
Accounts Receivable Manager8,070 EUR-7%
Accounts Receivable Team Leader6,380 EUR-27%
Algorithmic Trading Specialist7,870 EUR-9%
Assistant Accountant3,470 EUR-60%
Assistant Accounting Manager8,410 EUR-3%
Assistant Auditor4,420 EUR-49%
Assistant Corporate Controller6,350 EUR-27%
Assistant Finance Manager9,320 EUR+7%
Assistant Financial Controller6,220 EUR-28%
Audit Director9,790 EUR+13%
Audit Supervisor7,650 EUR-12%
Auditing Clerk3,550 EUR-59%
Auditing Manager9,420 EUR+8%
Billing Clerk3,640 EUR-58%
Billing Coordinator4,340 EUR-50%
Billing Specialist4,960 EUR-43%
Billing Supervisor6,800 EUR-22%
Bookkeeper3,260 EUR-63%
Bookkeeping Specialist4,460 EUR-49%
Budget Analyst7,910 EUR-9%
Budget Manager8,670 EUR-0%
Business Support Analyst4,930 EUR-43%
Capital Markets Associate6,340 EUR-27%
Cash Flow Analyst6,600 EUR-24%
Cash Management Manager8,690 EUR-0%
Cash Management Officer5,350 EUR-38%
Cashbook Clerk3,280 EUR-62%
Chartered Accountant5,440 EUR-37%
Chief Accountant6,860 EUR-21%
Chief Financial Technology Officer9,380 EUR+8%
Collections Clerk2,940 EUR-66%
Collections Representative4,070 EUR-53%
Collections Specialist4,460 EUR-49%
Corporate Controller6,910 EUR-21%
Corporate Treasurer7,980 EUR-8%
Cost Accountant4,560 EUR-48%
Cost Accounting Manager8,460 EUR-3%
Cost Accounting Supervisor7,140 EUR-18%
Cost Analyst7,020 EUR-19%
Credit and Collection Manager8,410 EUR-3%
Credit and Collection Staff3,730 EUR-57%
Credit and Loans Officer3,510 EUR-60%
Credit Controller5,970 EUR-31%
Credit Manager9,410 EUR+8%
Debt Adviser7,100 EUR-18%
Debt Collector3,770 EUR-57%
Debtors Clerk3,260 EUR-63%
Debtors Controller3,580 EUR-59%
Deputy CFO11,900 EUR+37%
Deputy Head of Finance11,200 EUR+29%
Derivative Trader7,820 EUR-10%
Director of Finance12,100 EUR+39%
E-commerce Accountant4,760 EUR-45%
Economist9,880 EUR+14%
Equity Analyst7,650 EUR-12%
Escrow Assistant3,980 EUR-54%
Executive Accountant5,300 EUR-39%
External Auditor6,010 EUR-31%
Finance Administrator5,400 EUR-38%
Finance Analyst8,000 EUR-8%
Finance Associate4,230 EUR-51%
Finance Data Analyst6,990 EUR-20%
Finance Director12,200 EUR+40%
Finance Executive8,870 EUR+2%
Finance Licensing Clerk3,540 EUR-59%
Finance Licensing Manager7,930 EUR-9%
Finance Licensing Specialist4,790 EUR-45%
Finance Manager11,900 EUR+37%
Finance Officer4,190 EUR-52%
Finance President12,400 EUR+43%
Finance Relationship Manager9,490 EUR+9%
Finance Release Analyst5,320 EUR-39%
Finance Specialist7,350 EUR-15%
Finance Team Leader 9,850 EUR+13%
Financial Accountant4,650 EUR-47%
Financial Actuary6,710 EUR-23%
Financial Administrator7,570 EUR-13%
Financial Advisor8,180 EUR-6%
Financial Analyst8,070 EUR-7%
Financial Applications Specialist5,830 EUR-33%
Financial Assistant3,630 EUR-58%
Financial Associate4,180 EUR-52%
Financial Claims Analyst5,860 EUR-33%
Financial Claims Manager7,770 EUR-11%
Financial Claims Supervisor7,400 EUR-15%
Financial Clerk3,740 EUR-57%
Financial Commercial Analyst6,450 EUR-26%
Financial Compliance Analyst6,820 EUR-22%
Financial Compliance Officer7,000 EUR-20%
Financial Consultant5,690 EUR-35%
Financial Controller7,220 EUR-17%
Financial Coordinator4,320 EUR-50%
Financial Customer Service Manager7,690 EUR-12%
Financial Data Scientist8,320 EUR-4%
Financial Dealer and Broker4,930 EUR-43%
Financial Director12,900 EUR+48%
Financial Encoder4,030 EUR-54%
Financial Manager12,000 EUR+38%
Financial Modelling Analyst8,210 EUR-6%
Financial Operations Manager10,700 EUR+23%
Financial Policy Analyst6,690 EUR-23%
Financial Project Manager8,760 EUR+1%
Financial Quantitative Analyst7,220 EUR-17%
Financial Reporting Consultant6,320 EUR-27%
Financial Reporting Manager8,150 EUR-6%
Financial Section Head8,270 EUR-5%
Financial Services Manager11,100 EUR+28%
Financial Services Sales Agent5,000 EUR-43%
Financial Technology Consultant6,700 EUR-23%
Financial Wellness Coach8,790 EUR+1%
FinTech Analyst7,610 EUR-12%
Fixed Assets Administrator4,640 EUR-47%
Forensic Accountant5,010 EUR-42%
Fraud Detection Supervisor5,440 EUR-37%
Fraud Prevention Manager8,900 EUR+2%
Fund Accountant4,510 EUR-48%
Grants Coordinator3,500 EUR-60%
Green Finance Analyst6,580 EUR-24%
Group Financial Manager12,800 EUR+47%
Internal Auditor5,880 EUR-32%
Internal Control Adviser6,820 EUR-22%
Internal Control Officer4,070 EUR-53%
International Tax Director10,300 EUR+18%
Inventory Accountant4,520 EUR-48%
Investment Advisor12,000 EUR+38%
Investment Analyst8,320 EUR-4%
Investment Associate7,320 EUR-16%
Investment Broker7,290 EUR-16%
Investment Fund Manager9,780 EUR+12%
Investment Operations Manager9,740 EUR+12%
Investment Underwriter4,100 EUR-53%
Investor5,670 EUR-35%
Investor Relations Manager8,760 EUR+1%
KYC Team Leader8,650 EUR-1%
Loan Processor3,980 EUR-54%
Management Accountant4,830 EUR-44%
Management Economist10,100 EUR+16%
Paymaster3,810 EUR-56%
Payroll Administrator5,850 EUR-33%
Payroll Benefits Coordinator4,860 EUR-44%
Payroll Billing Manager7,910 EUR-9%
Payroll Clerk4,110 EUR-53%
Payroll Manager8,270 EUR-5%
Payroll Officer4,090 EUR-53%
Payroll Specialist4,900 EUR-44%
Payroll Supervisor5,460 EUR-37%
Pensions Administrator4,830 EUR-44%
Personal Financial Advisor6,390 EUR-27%
Pricing Analyst7,540 EUR-13%
Private Equity Analyst7,780 EUR-11%
Project Accountant4,970 EUR-43%
Proposal Development Coordinator4,130 EUR-53%
Quantitative Trader6,570 EUR-24%
Receivables Accountant4,400 EUR-49%
Regulatory Accountant5,070 EUR-42%
Retirement Plan Analyst6,910 EUR-21%
Revenue Management Specialist7,320 EUR-16%
Revenue Recognition Analyst8,000 EUR-8%
Risk Management Director10,800 EUR+24%
Risk Management Supervisor8,270 EUR-5%
Staff Accountant4,370 EUR-50%
Tax Accountant4,380 EUR-50%
Tax Administrator5,080 EUR-42%
Tax Advisor6,440 EUR-26%
Tax Analyst6,580 EUR-24%
Tax Associate4,070 EUR-53%
Tax Consultant6,980 EUR-20%
Tax Director10,200 EUR+17%
Tax Examiner4,660 EUR-46%
Tax Manager8,710 EUR+0%
Tax Research Manager8,890 EUR+2%
Teller2,980 EUR-66%
Treasury Accountant4,730 EUR-46%
Treasury Analyst6,950 EUR-20%
Underwriter3,280 EUR-62%
Underwriting Assistant3,170 EUR-64%
Vice President of Finance11,600 EUR+33%

Salary Comparison By City

CityAverage Salary
Brussel8,200 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Belgium is 5% on average across all career fields.

Private Sector
6,020 EUR
Public Sector+5%
6,340 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Accounts Payable Manager in Belgium?

A good and competitive compensation would range anywhere between 7,910 EUR and 8,970 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Accounts Payable Manager in Belgium ranges from 4,520 EUR to 6,560 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic French Spanish

©Salary Explorer 2024