The profession of bookkeeping is an honest one, regularly dealing with a business’s financial data and ensuring it is all accurate and up to date. Due to the importance of this role, some bookkeepers are needed by managers to help make strategic and sensible decisions regarding the future finances of the company.
According to national projections beginning back in 2019, by 2028 there should be 89,600 new positions in the bookkeeping profession. While many of those positions will be filled by new graduates, current statistics project that there will be around 2,700 unfilled positions in that time, making it an incredibly accessible field.
What Is Bookkeeping?
Those less informed about the data-analysis structure of a company may easily confuse bookkeeping with accounting, though the roles are entirely different. Unlike accountants and accounting technicians who analyze and utilize the data provided to them, bookkeepers are the ones who provide it.
Throughout a branch or even a company, bookkeepers are the people who know and understand the most about a business’s finances. At all times, they are aware of how well or how poorly a business is doing, what the company’s pitfalls are, and what they need to do to balance the books. Any company, no matter how large or small, is encouraged to have a designated bookkeeper.
Skills & Qualifications
Despite mentioning that bookkeeping is different from accounting earlier in this blog, many of the core skills and qualifications needed remain the same. To become a bookkeeper in Canada, you will need to have completed high school as well as a college program dedicated to disciplines such as bookkeeping and accounting.
Acquiring a diploma in accounting and payroll administration is a great way to start your career, as it acts as a perfect qualification for any desired position as an accountant, accounting technician, or bookkeeper. Citi College of Canadian Careers in Ontario offers such courses and accepts recent immigrants and recent local graduates alike.
As for skills, your mathematical and organizational abilities will be in high demand; bookkeepers must regularly make calculations, create and maintain accounts, and format financial data. Keen attention to detail is a requirement, as a single incorrect figure in the financial data could drastically impact a business. Similarly, a well-spotted mistake could prevent disaster.
Accounting & Payroll Administration Diploma Program
Citi College’s accounting and payroll administration diploma program offer everything you need to be a bookkeeper in terms of both skills and qualifications. Modern organization software such as Microsoft Word, Excel, PowerPoint, and Access will be covered as they are industry standards – this also ensures older students have a firm grasp of this technology.
Similar lessons on technology will include proper use of an OS as well as browsers. The course will also run students through commonly used programs such as Quickbooks Pro, Sage 50, and Sage 300 ERP.
With regards to the specific knowledge behind bookkeeping and accounting, this will be taught through several modules on the fundamentals of each area. The introduction to the course will be given alongside the fundamentals of accounting, there will be multiple modules on the fundamentals of payroll, as well as one on proper compliance and legislation.
Take A Bookkeeping Course In Toronto Today! Contact Citi College!
Bookkeeping is a fantastic profession, both mentally challenging and easy to excel at. You will be the lifeblood of the company, and the first point of contact with all things finance related. At an average of $25/hour, your hourly wage will likely be several dollars higher than the national average, allowing you to get ahead in life and have extra cash for the finer things in life.
If you find yourself in Toronto or Mississauga and want to take the first steps towards your new career, then sign up for a bookkeeping course with Citi College today! Contact us and see how one of our courses can change your life forever!