Do you have a keen knowledge when it comes to finance and bookkeeping? If so, you might be interested in a career as an accounting technician. Accounting technicians specialize in helping businesses manage their financial records. In this role, you can work directly as an employee of the company or offer your services as an independent freelancer.
As an accounting technician, you will offer support to accountants and finance departments for bookkeeping and accounting work. These duties can include recording financial transactions, managing payroll systems and company accounts, and updating financial records with new data. This role does not require you to work in-depth with financial data at the same level as an accountant. However, your role as an accounting technician is still crucial in ensuring the accuracy and reliability of this data.
After you meet with the company's accountant or manager and discuss any ongoing goals, your day primarily consists of general bookkeeping duties. These include handling any financial discrepancies such as late payments, updating clients' financial records, and managing payroll systems. If it is tax time, you also need to ensure that the company's taxation records are accurate and up to date. You do much of this work using computerized accounting software packages. Finally, you help prepare financial documents and reports for the accountant or finance department and offer advice to the company. This job can involve part-time or full-time hours and include overtime during busy periods such as the end of the financial year.
If you receive an interview for an accounting technician position, keep in mind that each company uses different interview questions. That said, some common interview questions you may receive include:
Putting together a resume that appeals to hiring managers can be tricky. However, you'll have more success creating an effective resume if you follow these tips:
Once you have an impressive resume, you need to ensure that your cover letter shows your passion for the role. When constructing your cover letter, structure it the following way:
Accounting positions will be in demand across all industries in Canada for the foreseeable future, and accounting technician jobs, in particular, remain popular. This popularity is because accounting technician roles generally require only basic qualifications, making it a great entry-level position for anyone seeking a future financial career. To remain viable, however, accounting technicians need to have good computer skills and financial and accounting skills. Due to how well this position can transfer between different industries, the outlook for this career remains strong.
The average salary you can expect to earn as an accounting technician in Canada is around $43,965 per annum. Most entry-level positions start at around $38,171 per annum, while more experienced accounting technicians can earn an average salary of around $55,000 per annum. Factors that influence your average salary include the type of industry you work in and the size of your company. In addition, the state of the local economy also affects your overall annual wage.
Top paying areas for accounting technicians in Canada include: British Columbia, Saskatchewan, Alberta, Ontario and Quebec.
The role of an accounting technician is almost entirely office-based, although you may be able to perform some duties remotely. This position frequently uses accounting software so that you work with computers for much of your day. You also meet with accounting and managerial staff to determine your goals and how to achieve them. Typical work hours apply in this role, although it's possible that you are required to work overtime and at weekends during busy periods. Overall, you can find accounting technicians in almost any industry, and many consider it a good entry point for a financial career.
A high school diploma is the highest education level needed to become an accounting technician for most companies. However, some larger companies may prefer a candidate with a bachelor's degree in accounting for the position. Some companies also require you to have experience and knowledge with a specific brand of accounting software such as Quickbooks or Xero to apply. However, you will receive on-the-job training for your role in most cases. This training provides you with the basic skills and knowledge to perform your duties effectively.
In addition to your job training, consider pursuing a related certification to boost your skills and credentials. Some good examples include the Certified Accounting Technician (CAT) and the Association of Accounting Technicians (AAT), both recognized in Canada and worldwide. These certifications require you to study and pass exams upon completion, but you can undertake them part-time or outside of work hours.