Top 3 Benefits of Having a Career Related to Accounting or Bookkeeping
The phrase "keeping the books" is used a lot in describing the work of professionals in the financial services field. However, you might not realize just how distinctive the various roles in this broad vocational area can be. For example, some of the most popular types of positions include:
- Accountant—plans and organizes systems for tracking finances, analyzes financial records, and makes sure those records are accurate and in compliance with all relevant rules and guidelines
- Bookkeeper—records and organizes financial transactions using methods that make it easy to verify the accuracy of account information
- Accounting technician or clerk—receives and processes payments or handles the preparation of invoices, budgets, and related financial matters
- Payroll administrator or clerk—verifies and prepares information that determines how much employees get paid and what benefits they are entitled to
What do these careers have in common? They are each known for providing opportunities that often include excellent upsides such as:
1. Great Salary Potential
Many financial services professionals earn good annual incomes that help them enjoy comfortable lifestyles. For instance, check out how much Canadians earned in these occupations from 2014 to 2015 (each salary range is based on full-time hours and uses the nationwide median hourly wage to calculate the first amount and one of the highest hourly wages among major provinces to calculate the second amount): *
- Supervisors, Finance and Insurance Clerks—$52,998 to $98,946
- Financial Managers—$85,010 to $170,934
2. Bright Outlook
Job prospects in this varied field continue to be good. And the increasing reliance on data-driven decision-making in the world of business—combined with the growing sophistication of digital financial records—should keep fueling the need for people who've completed accounting, payroll, or bookkeeping training for many years to come.
3. Workplace Variety
People in this field can use their skills to work in almost any industry within the Canadian economy. That means you could potentially enjoy many different challenges and employment settings throughout your career. And when you add in the possibility of operating your own financial services company someday, the opportunities can feel almost limitless.
Start Your Search Today
Very soon, you could be helping important organizations in Canada manage their finances. Discover a bookkeeping or accounting training school right now by browsing the featured options below. Or quickly find one near you by putting your postal code into the simple search tool on this page. Then, don't hesitate to send an easy request for further details!
* Government of Canada, Job Bank, website last visited on January 17, 2017.
CPA Canada, website last visited on June 30, 2016.
The Canadian Payroll Association, website last visited on December 11, 2017.