Are Bookkeepers in demand in Canada
In this article, we would provide an answer to the question ‘are bookkeepers in demand in Canada. Before then, it is important to know who a bookkeeper is and what he or she does.
Who is a Bookkeeper
According to MyAccountingCourse.com, A bookkeeper is an accounting professional primarily responsible for maintaining a detailed record of purchases, sales, and other financial transactions. Bookkeepers record financial transactions, post debits and credits, manage payroll, create invoices and maintain and balance the books.
Market Business News describes a bookkeeper as professional who records payments and money coming into a company or other entity, i.e., they record financial transactions.
Bookkeepers are simply professionals that records the accounts or transactions of a business
Responsibilities of a Bookkeeper
According to the Canada Job Bank, the following are some of the responsibilities of a bookkeeper;
- Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems
- Post journal entries and reconcile accounts, prepare trial balance of books, maintain general ledgers and prepare financial statements
- Calculate and prepare cheques for payrolls and for utility, tax and other bills
- Complete and submit tax remittance forms, workers’ compensation forms, pension contribution forms and other government documents
- Prepare tax returns and perform other personal bookkeeping services
- Prepare other statistical, financial and accounting reports.
Where do Bookkeepers work in Canada
In Canada, bookkeepers are employed throughout the private and public sectors.
Are Bookkeepers in demand in Canada
There is no doubt that Canada is a land of great employment opportunities. Especially at this time where there is a great need of more workforce in the labour market. So, are bookkeepers in demand in Canada? According to the Government of Canada,Labour demand and labour supply are expected to be broadly in line for this occupation group over the 2022-2031 period at the national level.
This simply means that the demand of bookkeepers in Canada can be rated as average.
According to the Canadian Government, the demand of bookkeepers in Canada is expected to rise in areas including; Yukon territory, Quebec, Prince Edward Island, Saskatchewan, Nova Scotia, Nunavut, Alberta, Manitoba, New Brunswick, British Columbia, Alberta and Ontario.
Salary of Bookkeepers in Canada
According to Canada Job Bank, bookkeepers in Canada can earn as low as $17 per hour and as high as $40.38. On average, bookkeepers in Canada make up to $25.
Conclusion
We have come to the end of this article ‘are bookkeepers in demand in Canada?’. We would love to know your thoughts in the comment section below.