![]() At Sprott Shaw College, we offer a variety of Business Administration Programs in payroll and bookkeeping, both of which feature key concepts in accounting principles. If these two topics we’ve discussed interest you, a career in payroll and/or bookkeeping could be an exciting career path for you to take. Interested in taking a Payroll Program? Click here to scroll down for more info!īusiness Programs in Payroll and Bookkeeping Statistics on bookkeeper jobs and wages are sourced from the Canadian Government’s Job Bank. Supervising positions (for both payroll and bookkeeping jobs) can provide a median annual salary of $65,618 ($33.65/hour) in British Columbia with a high-end wage of $49.28/hour! Payroll jobs are widely available across the country, which reflects the position’s high opportunity occupation status, and the demand is projected to continue to grow. benefits officer – payroll administration.While Payroll Administrator is the generalized job title, it is more likely that you will come across the following titles when exploring the job market: In British Columbia wages for Payroll Administrators range from $19-$35 per hour with a median annual salary of $48,750 ($25/hour). To learn more about high opportunity occupations, click here. Preparing and balancing period-end reports and reconciling issued payrolls to bank statementsīoth bookkeepers and payroll administrators are considered high opportunity occupations according to WorkBC, which means that those who pursue a career in one of these paths are expected to see a higher demand for their job and experience higher pay.Collecting statistical reports, statements, and summaries related to pay and benefit accounts.Preparing T4 statements and other employee statements.Preparing and checking statements of earnings for employees. ![]() Maintaining records of employee attendance, leave, and overtime to calculate pay and benefit entitlements using manual or computerized systems.In contrast, British Columbia, Manitoba, Saskatchewan and Quebec all boast a high demand for certified bookkeepers of all levels of experience. Competition in those provinces makes job prospects difficult for entry-level job seekers, however.īookkeeper salary does take a major jump if you work in the northern territories, however, the take-home wage is about the same when adjusting for the inflated cost of living. In Canada, the highest average salary for bookkeeping jobs can be found in Alberta (median of $27.69/hour) and Ontario (median of $25.00/hour). While the low end of the pay range is for entry-level positions, the median annual bookkeeper salary is $50,003 (or $24.04/hour). In British Columbia bookkeepers, accounting technicians, and accounting bookers can earn between $16-$36 per hour. Creating, maintaining, and balancing accounts using manual and computerized systems.Completing and submitting taxes, workers’ compensation, pension contribution forms, and other government documents.Preparing trial balances, tax returns, and financial statements.Managing the accounts receivable and accounts payable of a business.Some of the day-to-day responsibilities of a bookkeeper include: They also work with a variety of important financial statements like the income statement, balance sheet, statement of cash flows, and statement of changes in equity. ![]() Overarchingly, the general tasks bookkeepers are trusted with consist of accurate data entry and receipt recording and organization. In essence, bookkeepers are those responsible for preparing the accounts and documenting the daily financial transactions of a business.įinancial transactions are recorded in a business’s general ledger using an accounting method called double-entry bookkeeping. Typically, bookkeeping refers to the recording of financial transactions and involves preparing source documents for all transactions, operations, and other events of a business. What Is Bookkeeping?īookkeeping falls under the umbrella of accounting. ![]() Let’s take a deeper look into payroll and bookkeeping, what the differences are, and help you figure out which one is right for you. However, for someone who isn’t too familiar with accounting, the differences between these two fields can be confusing. The accounting terrain has many niche fields that you can specialize in – two of the most common ones are payroll and bookkeeping. Business Programs in Payroll and Bookkeeping. ![]()
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