NOC Version: NOC 2021 Version 1.0
Position Summary for Noc 12200 – Accounting technicians and bookkeepers
Job Titles Specifc For NOC 12200 in Canada
- Accounting Bookkeeper
- Accounts Payable and Receivable Clerk
- General Ledger Bookkeeper
- Financial Bookkeeper
- Ledger Bookkeeper
- Payroll Bookkeeper
- Bookkeeping Clerk
- Professional Bookkeeper
- Senior Bookkeeper
Main Responsibilities Common For NOC 12200 In Canada
Financial Record Keeping: Bookkeepers are tasked with maintaining comprehensive financial records by documenting all transactions accurately. This fundamental aspect of bookkeeping ensures the integrity of financial data. They utilize sophisticated bookkeeping software and systems to track and manage financial information, aligning with the accounting standards and practices prevalent in Canada.
Accounts Management: Managing accounts payable and receivable is a critical service provided by bookkeepers, ensuring the timely processing of invoices and payments to maintain healthy cash flow within businesses. They also reconcile bank statements and ledger accounts to guarantee accuracy and consistency in financial records, a key task for both accounting technicians and bookkeepers.
Payroll Administration: Administering payroll services, including the calculation of wages, deductions, and benefits, while ensuring compliance with Canadian labor laws and tax regulations. They remain vigilant about changes in government legislation related to payroll and immigration policies, which may impact the financial management of businesses employing foreign workers.
Financial Reporting: Preparing financial statements and reports is another significant responsibility, providing essential information for business decision-making and compliance with government tax requirements. Bookkeepers work in close collaboration with accounting technicians and other finance professionals to compile and analyze financial data, ensuring the accuracy and reliability of financial reporting.
Tax Preparation: Assisting in the preparation and filing of tax returns is a crucial job for bookkeepers, necessitating a comprehensive understanding of Canada’s tax laws and regulations. They keep abreast of changes in tax legislation through government programs and immigration policies, which may influence bookkeeping practices and tax obligations for businesses and individuals.
Budgeting and Forecasting: These professionals also support the development of budgets and financial forecasts, leveraging bookkeeping data to inform strategic planning and financial management within organizations. They collaborate with professionals in finance-related occupations to ensure that budgeting and forecasting activities are based on accurate and current financial information.
Compliance and Auditing: Ensuring compliance with financial policies, procedures, and government regulations is a fundamental responsibility for bookkeepers, crucial for protecting the financial integrity of businesses. They also play a role in internal and external audits, providing the necessary bookkeeping records and information to facilitate the auditing process.
Job Requirements For NOC 12200 In Canada
Educational Qualifications: Achieving a diploma or degree in accounting, finance, or a related field is typically necessary, laying the foundational knowledge in accounting principles and practices. Additionally, completion of a specialized bookkeeping program from a recognized institution may be required, offering targeted training in bookkeeping tasks and software use.
Experience in Bookkeeping: Practical experience in bookkeeping or a related accounting technician role is crucial, allowing bookkeepers to apply accounting principles in practical settings and gain proficiency in financial record management. Familiarity with Canadian accounting practices and standards is particularly beneficial, ensuring bookkeepers are well-versed in the financial landscape and governmental regulations within Canada.
Technical Skills: Mastery of bookkeeping software and tools is essential. Bookkeepers must be skilled in utilizing accounting software for recording financial transactions, managing accounts, and generating reports. Competency in computer applications, including spreadsheets and databases, is necessary for efficient financial data management and analysis.
Understanding of Government Regulations: Bookkeepers need a deep understanding of Canadian government regulations related to finance, taxation, and immigration, ensuring compliance in all financial recording and reporting activities. Keeping abreast of policy changes and regulations through regular review of official government and immigration websites is crucial for ongoing compliance.
Analytical and Detail-Oriented: Bookkeepers must possess strong analytical abilities to interpret financial data accurately and identify any discrepancies. Attention to detail is vital for ensuring the precision of financial records and reports, with a keen ability to analyze financial information crucial for supporting business decision-making.
Communication and Interpersonal Skills: Effective communication skills are necessary for clear financial information exchange with technicians, managers, and clients. Interpersonal skills are key for teamwork and addressing financial inquiries with professionalism and customer service in mind.
Organizational Abilities: Exceptional organizational skills are required to efficiently manage multiple financial tasks and meet deadlines. Bookkeepers should be adept at prioritizing tasks and maintaining systematic financial records, with strong time management skills and the ability to work independently essential for fulfilling the demands of bookkeeping positions.
Commitment to Continuous Learning: A dedication to continuous learning and professional development is crucial for bookkeepers. This includes engaging in relevant training programs and staying updated on advancements in accounting technology and practices, with participation in professional bookkeeping associations offering valuable learning and career advancement opportunities.
Median Hourly Wages by Provinces
Canada: $25.20 CAD
Alberta: $28.00 CAD
British Columbia: $26.00 CAD
Manitoba: $23.56 CAD
New Brunswick: $22.00 CAD
Newfoundland and Labrador: $25.36 CAD
Nova Scotia: $21.98 CAD
Ontario: $25.00 CAD
Prince Edward Island: $20.00 CAD
Quebec: $25.05 CAD
Saskatchewan: $25.00 CAD