4 Careers That Accounting and Payroll Training Can Lead To
After obtaining an accounting and payroll diploma, you will have quickly built skills and knowledge that are directly applicable to working as an administrator in the field. Once you’ve graduated, you will be motivated to start your career. Job prospects are good for payroll and accounting clerks and professionals in Canada, so you’ve chosen a great path. Your skills will be suited to a range of workplaces that require accounting and bookkeeping administrators. This means that you have different options, which is great if you’re seeking a career change in a new environment, or simply want to begin working in the field as quickly as possible. Read on for 4 career paths you could take after accounting and payroll training.
1. Begin a Career in Bookkeeping Operations for Businesses
Once you’ve completed your accounting and payroll administration training, you will be qualified to begin a career as a bookkeeper. Bookkeepers are essential to any business or company because they are responsible for recording important information about business transactions and other financial activity, relating to the everyday operations of a company. If you are detail-oriented, interested in very focused work, and enjoy keeping things organized, this path may be the perfect fit.
As a bookkeeper, you’ll be responsible for a variety of critical tasks, including preparing financial reports, issuing invoices to customers, paying invoices in a timely fashion, maintaining annual budgets, processing payroll, and much more.
2. Find Work in an Accounting Firm After Completing Your Program
Upon completing your program, you will be eligible for membership in the National Payroll Institute (NPI). After you have 1 year of work experience under your belt, you will also receive a Payroll Compliance Practitioner (PCP) certification. This is good news, as accounting firms often employ NIPs. These companies offer various services that keep clients tax compliant, financially organized, and keep businesses on track for growth. Some will specialize, such as those who focus on tax strategy. Since different accounting firms provide such a variety of services, they are a good place to look for an entry-level job where you can apply accounting and payroll administration training to multiple positions.
3. Accounting and Payroll Administration Careers in Private Business
While public accounting teams work with auditing, tax, advisory, and consulting, private accounting teams work internally with businesses (or governments and agencies). As an employee of a private business, an accounting administrator is an integral part of the company’s success. Financial aspects of a business operation, like billing and accounts payable, are responsibilities of private accounting teams. If you are interested in working with a specific company and being a part of their operations and growth, this may be well-suited to you. An accounting and payroll administration diploma that helps you learn about business communications and payroll fundamentals will be a useful way to show your competencies in applying for this type of job.
4. Accounting and Payroll Administration Careers in Non-Profit Organizations
Non-profit organizations are an interesting option as they differ from standard, for-profit businesses. Non-profits have a purpose other than profit, with net assets replacing equity on records. Net assets are the total assets of a company, minus total liabilities. Fundraising is often a large part of the financial department in a non-profit, adding an extra factor that the accounting administrator will deal with. If you are interested in working for a cause other than generating revenue, for something you believe in, this is worth pursuing.