NOC 1311 – Accounting technicians and bookkeepers

NOC Version: NOC 2011

Position Summary for NOC 1311 - Accounting technicians and bookkeepers

In the realm of Canadian employment, NOC 1311 – Accounting Technicians and Bookkeepers fulfill indispensable functions, meticulously overseeing the intricacies of financial transactions and records. Their duties encompass a broad spectrum, from maintaining ledgers and reconciling accounts to preparing tax returns and financial reports, serving as the backbone of financial management within businesses and organizations, and upholding the integrity and accuracy of financial data through their diligent efforts.

Job Titles Specific for NOC 1311 in Canada

  • Accounting Technician
  • Bookkeeper
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • Payroll Administrator
  • Financial Clerk
  • Accounting Assistant
  • Tax Preparer
  • Billing Specialist
  • Financial Records Clerk

Main Responsibilities common for NOC 1311 in Canada

  1. Maintaining Financial Records:

    • Record and classify financial transactions in ledgers, journals, and accounting software.
    • Ensure accuracy and completeness of financial data by reconciling accounts and verifying entries.
  2. Processing Accounts Payable and Receivable:

    • Manage accounts payable by processing invoices, verifying expenses, and issuing payments to vendors.
    • Oversee accounts receivable by invoicing clients, tracking payments, and following up on overdue accounts.
  3. Payroll Administration:

    • Calculate and process employee payroll, including wages, deductions, and taxes.
    • Prepare and distribute payroll reports, T4 slips, and other relevant documents.
  4. Financial Reporting:

    • Prepare financial statements such as balance sheets, income statements, and cash flow statements.
    • Generate financial reports for management review, regulatory compliance, and decision-making purposes.
  5. Tax Preparation and Compliance:

    • Assist in preparing tax returns for individuals, businesses, and organizations.
    • Ensure compliance with tax regulations and deadlines, including GST/HST filings and payroll taxes.
  6. Budgeting and Forecasting:

    • Assist in developing and monitoring budgets, forecasting financial performance, and analyzing variances.
    • Provide financial data and insights to support strategic planning and decision-making processes.
  7. Financial Analysis and Reconciliation:

    • Analyze financial data to identify trends, anomalies, and areas for improvement.
    • Reconcile discrepancies in financial records and investigate any irregularities or discrepancies.
  8. Audit Support and Documentation:

    • Assist with internal and external audits by providing documentation, explanations, and support as needed.
    • Maintain organized and accurate financial records to facilitate audit processes and ensure compliance with auditing standards.
  9. Software and Systems Management:

    • Utilize accounting software and systems to record, process, and analyze financial data efficiently.
    • Stay updated on software upgrades and enhancements to optimize accounting processes and workflows.
  10. Client and Stakeholder Communication:

    • Communicate with clients, vendors, and stakeholders regarding financial matters, inquiries, and requests.
    • Provide professional and courteous assistance to address concerns and resolve issues in a timely manner.

Job Requirements for NOC 1311 in Canada

  1. Education and Certification:

    • A diploma or degree in accounting, finance, or a related field is typically required.
    • Certification as a bookkeeper or accounting technician (e.g., from a professional organization like CPA Canada or the Canadian Bookkeepers Association) may be preferred.
  2. Experience:

    • Proven experience in bookkeeping, accounting, or financial administration, typically ranging from 1 to 3 years or more.
    • Experience with accounting software such as QuickBooks, Sage, or Xero is often preferred.
  3. Knowledge of Accounting Principles:

    • Solid understanding of fundamental accounting principles, including debits and credits, accruals, and financial statement preparation.
    • Familiarity with Canadian Generally Accepted Accounting Principles (GAAP) and relevant accounting standards.
  4. Proficiency in Accounting Software:

    • Proficiency in using accounting software and computerized accounting systems for data entry, reconciliation, and reporting.
    • Ability to navigate and utilize features of accounting software effectively to streamline processes and workflows.
  5. Attention to Detail:

    • Strong attention to detail and accuracy in recording financial transactions, reconciling accounts, and preparing financial reports.
    • Ability to identify errors, discrepancies, and inconsistencies in financial data and take corrective action as needed.
  6. Numerical and Analytical Skills:

    • Strong numerical aptitude and analytical skills for analyzing financial data, identifying trends, and generating insights.
    • Ability to interpret financial statements, budgets, and other financial reports to assess financial performance and make recommendations.
  7. Organizational and Time Management Skills:

    • Excellent organizational and time management skills, with the ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
    • Capacity to work efficiently and effectively in a fast-paced environment with changing priorities and deadlines.
  8. Communication Skills:

    • Effective written and verbal communication skills for interacting with clients, colleagues, and stakeholders.
    • Ability to convey complex financial information in a clear and concise manner to non-financial stakeholders.
  9. Ethical Conduct and Confidentiality:

    • Commitment to ethical conduct and confidentiality in handling sensitive financial information and maintaining client trust.
    • Adherence to professional standards and codes of conduct in accounting and bookkeeping practices.
  10. Continuous Learning and Development:

    • Willingness to stay updated on changes in accounting regulations, standards, and best practices through ongoing professional development and training.
    • Commitment to enhancing skills and knowledge in accounting software, technology, and industry-specific requirements to excel in the role of an accounting technician or bookkeeper.

Median Hourly Wages by Provinces

Median Hourly Wages (as of November 2023):

  • Overall Canada: CA$20.50 per hour

Provinces:

  • Alberta: CA$22.00 per hour
  • British Columbia: CA$21.50 per hour
  • Manitoba: CA$20.00 per hour
  • New Brunswick: CA$19.50 per hour
  • Newfoundland and Labrador: CA$20.50 per hour
  • Nova Scotia: CA$19.00 per hour
  • Ontario: CA$21.00 per hour
  • Prince Edward Island: CA$18.50 per hour
  • Quebec: CA$20.00 per hour
  • Saskatchewan: CA$21.

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