JOB IN CANADA
Bookkeeper Needed In Canada By Khanna Holdings Inc
We are seeking a meticulous and detail-oriented Bookkeeper to join our team. The Bookkeeper will play a key role in maintaining accurate financial records, managing accounts, and ensuring compliance with financial regulations. The ideal candidate should have a strong understanding of accounting principles, excellent organizational skills, and the ability to work with precision and confidentiality.
Job details
- Location: Oshawa, ON
- Salary: 27.10 hourly / 40 hours per week
- Terms of employment Permanent employment: Full time
- Start date: Starts as soon as possible
- Vacancies 1
- Verified
Overview
Languages
English
Education
- Secondary (high) school graduation certificate
Experience
7 months to less than 1 year
Responsibilities:
- Financial Recordkeeping:
- Maintain complete and accurate financial records, including accounts payable, accounts receivable, and general ledger entries.
- Record day-to-day financial transactions and ensure proper documentation.
- Reconciliation:
- Reconcile bank statements, credit card statements, and other financial accounts regularly to ensure accuracy.
- Identify and rectify discrepancies or errors in financial records.
- Payroll Processing:
- Process payroll accurately and in a timely manner.
- Calculate and record employee wages, benefits, and deductions.
- Financial Reporting:
- Generate financial reports, including income statements, balance sheets, and cash flow statements.
- Prepare reports for management to support decision-making.
- Budget Monitoring:
- Assist in the preparation and monitoring of budgets.
- Compare actual financial results against budgeted projections.
- Tax Compliance:
- Prepare and file monthly, quarterly, and annual tax returns.
- Stay informed about changes in tax regulations and ensure compliance.
- Vendor and Client Communication:
- Communicate with vendors and clients regarding financial matters, including invoicing and payment issues.
- Resolve billing discrepancies and answer inquiries.
- Financial Analysis:
- Assist in financial analysis, forecasting, and budget planning.
- Provide insights and recommendations based on financial data.
Qualifications:
- Proven experience as a Bookkeeper or in a similar role.
- Solid understanding of accounting principles and financial regulations.
- Proficiency in accounting software and Microsoft Excel.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
Tasks
- Calculate and prepare cheques for payroll
- Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems
- Maintain general ledgers and financial statements
- Post journal entries
- Prepare other statistical, financial and accounting reports
- Prepare trial balance of books
- Reconcile accounts
Who can apply to this job?
The employer accepts applications from:
- Canadian citizens and permanent or temporary residents of Canada.
- Other candidates with or without a valid Canadian work permit.
How to apply
By email
khannaholdings@hotmail.com
Advertised until
2024-02-21
Here are some frequently asked questions to help you gain a better understanding of this Bookkeeper:
1. Who is a Bookkeeper?
A bookkeeper is a financial professional who manages the day-to-day recording of financial transactions, including purchases, sales, receipts, and payments, to maintain accurate and up-to-date financial records.
2. What Sets a Bookkeeper Apart from Accountants?
While both bookkeepers and accountants deal with financial data, bookkeepers focus on the daily recording of transactions and maintaining financial records. Accountants typically analyze, interpret, and provide insights based on those records.
3. Do Bookkeepers Need Formal Education?
While formal education is beneficial, many bookkeepers acquire their skills through on-the-job training, certifications, or relevant courses. Attention to detail, numerical proficiency, and knowledge of accounting software are essential.
4. What Skills are Essential for a Bookkeeper?
Key skills include attention to detail, organizational abilities, numerical proficiency, and proficiency in accounting software. Effective communication and problem-solving skills are also valuable in this role.
5. Can Bookkeepers Work Across Different Industries?
Yes, bookkeepers are employed in various industries, including retail, healthcare, finance, and more. The skills acquired are transferable, allowing bookkeepers to work in different sectors.
6. What Software Do Bookkeepers Use?
Bookkeepers commonly use accounting software such as QuickBooks, Xero, or Wave. These tools streamline the recording of transactions, generate financial reports, and ensure accuracy in financial records.
7. How Can Aspiring Bookkeepers Gain Experience?
Aspiring bookkeepers can gain experience through internships, entry-level positions, or volunteering for small businesses. Many also pursue certifications, such as the Certified Bookkeeper designation, to enhance their credentials.
8. What’s the Role of a Bookkeeper in Tax Preparation?
While bookkeepers are not typically responsible for preparing tax returns, they play a crucial role in organizing financial records and ensuring all necessary documents are available for accountants during tax season.
9. How Do Bookkeepers Ensure Accuracy in Financial Records?
Bookkeepers reconcile accounts regularly, cross-check entries, and maintain a systematic approach to data entry. Attention to detail is paramount to identify and rectify any discrepancies promptly.
10. Can Bookkeepers Provide Financial Reports to Business Owners?
Yes, bookkeepers generate financial reports, including balance sheets, income statements, and cash flow statements, to provide business owners with a clear understanding of their financial position.
11. Do Bookkeepers Handle Payroll?
Many bookkeepers manage payroll tasks, including calculating wages, deductions, and ensuring timely and accurate payment to employees. This responsibility may vary depending on the size and structure of the business.
12. How Do Bookkeepers Adapt to Technological Changes?
Bookkeepers stay updated on advancements in accounting software and technology. Continuous learning and adopting new tools help them streamline processes and stay efficient in an evolving financial landscape.
13. Can Bookkeepers Freelance or Work Independently?
Yes, many bookkeepers work independently as freelancers or start their own bookkeeping businesses. This allows them to serve multiple clients and tailor their services to different business needs.
14. What’s the Most Gratifying Aspect of Being a Bookkeeper?
For many bookkeepers, the most gratifying aspect is contributing to the financial health of a business. Seeing organized and accurate financial records provides a sense of accomplishment and aids in informed decision-making for business owners.
