Main Responsibilities and Required Skills for an Accounting Technician
Accounting Technicians is a professional who supports the financial operations of organizations. They are responsible for performing a wide range of accounting tasks and ensuring the accuracy and integrity of financial records. In this blog post, we will explore the primary responsibilities of Accounting Technicians and highlight the most in-demand hard and soft skills necessary to excel in this profession.
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Main Responsibilities of Accounting Technician
The following list describes the typical responsibilities of an Accounting Technician:
Accomplish
Accomplish accounting and administration objectives by completing related.
Analyze
Analyze and reconcile general ledger and sub-ledger accounts.
Answer
Answer government inquiries related to various assessments received by clients.
Assist in
Assist engagement team with audit and review engagements.
Assist in / prepare financial statements.
Assist in the preparation of corporate tax returns.
Assist the Controller on an ad-hoc basis.
Assist with / perform payroll calculation and data compiling for reporting.
Build
Build relationships with a really nice team.
Calculate
Calculate and post the internal charge-back of IT services to the operating business units.
Calculate and prepare cheques for payroll.
Check
Check out our Careers page to consult other available positions and learn more about Stingray.
Close
Close proximity to parks, trails and other recreation amenities.
Collaborate
Collaborate with a multi-disciplinary team bringing your unique skill set to the table.
Collect
Collect receipts, generate expense reports, and reallocate charges.
Communicate
Communicate clearly, concisely and consistently.
Communicate with clients through telephone, emails, etc..
Compile
Compile and sort documents such as forms, invoices, checks, and bank statements.
Compile, verify, and reconcile financial data.
Complete
Complete bookkeeping in QBO, QB, and / or Sage.
Complete payroll and benefits processing.
Conciliate
Conciliate vendor statements, research and correct discrepancies.
Confirm
Confirm subcontractor billing worked hours, bonus, and projects.
Contribute to
Contribute to the development of new ideas and approaches to improve work processes.
Coordinate
Coordinate and discuss with external auditors and CRA as required.
Coordinate the preparation of monthly expenditure projections.
Create
Create and maintain projects in the financial system.
Deliver
Deliver insurance and risk management solutions to businesses, organizations and individuals.
Demonstrate
Demonstrate, promote and advocate the Wing Kei vision, mission and core values.
Deposit
Deposit trust client rent cheques.
Develop
Develop, produce and maintain ad hoc and custom reports, as required.
Ensure
Ensure an excellent filing of documents.
Ensure complete documentation and vendor payment.
Ensure integrity of loan information.
Ensure tasks related to billing and associated controls are completed daily and on time.
Ensure timeliness and accuracy when completing all assigned team functions.
Ensure wire payments and cash requests are ready for weekly approval.
Enter
Enter accounting data, maintain records and generate reports.
Enter all changes to price and costs in Oracle for relevant projects.
Enter and upload invoices into the accounting system.
Enter estimated project costs in Oracle.
Enter and post labor transactions on a weekly basis.
Enter coding and data into the computer and reviews computer output for accuracy.
Examine
Examine vendor documents financial transactions to assure a proper audit trail exist.
Follow
Follow organizational guidelines, professional standards, regulations and principles.
Follow-up
Follow-up Emails / calls – add notes to A / R Working Paper.
Formulate
Formulate cash flow projections, as needed.
Gather
Gather details to complete Tender / RFQ / RFP forms and provide pertinent supplementary items.
Handle
Handle all employee expense reporting.
Help
Help finance manager with all special projects to support the rapid growth of the business.
Identify
Identify and documents gaming system balancing issues.
Interpret
Interpret written rules and regulations.
Investigate
Investigate and resolve account discrepancies.
Issue
Issue invoices when applicable (couriers, SEDAR filings etc).
Join
Join a team of skilled Technicians reporting to the Supervisor, Finance.
Log
Log all received cheques and ensure timely deposit.
Maintain
Maintain accounting ledgers by verifying and posting account transactions, such.
Maintain all internal process documentation.
Maintain all purchase orders and records of purchase and ensure the accuracy of charges.
Maintain and update related reports and records, as required.
Maintain cash disbursement journals for all grants, loans and scholarships issued by the college.
Maintain electronic records and submits feeder information for reports.
Maintain existing reports extracted from current systems (Oracle, Planisware).
Maintain files and support documentation required to authenticate business transactions.
Maintain ledgers and journals and a variety of financial records.
Maintain strong working relationships with customers.
Manage
Manage accounts receivable.
Manage and verify relevant financial data / documents using different means of tools.
Meet
Meet with clients to develop strong long-term relationships.
Might
Might also be allowed to lead the clerical staff.
Monitor
Monitor accounts payable related to inventory reception.
Monitor company accounts to ensure payments are up to date.
Oversee
Oversee Accounts Receivable process and Accounts Payable for check processing.
Participate in
Participate in month-end & year-end closing activities to ensure timely completion of assigned tasks.
Participate in testing of new ERP.
Participate in the improvement of existing accounting processes and internal controls.
Pay
Pay employees by receiving and verifying expense reports.
Perform
Perform ad-hoc accounting analysis and bank reconciliations.
Perform a variety of general accounting tasks.
Perform daily validation of gaming system data.
Perform disbursements cancellations.
Perform monthly calculation for payments to gaming vendors.
Perform periodic inventory counts.
Perform project invoicing.
Perform research on various accounting processes, analyze variances and prepare appropriate reports.
Perform the month-end and quarter-end close process.
Prepare
Prepare and upload weekly freight reports / Freight account reconciliations / Reports.
Prepare Balance sheet analysis.
Prepare Bank Deposit of checks.
Prepare client files in a paperless environment.
Prepare corporate tax return.
Prepare correction documents as required.
Prepare cross billing reports for labor related to US jobs.
Prepare estimates for general expenses and overheads.
Prepare for college annual audits.
Prepare Government remittances.
Prepare interim and year-end documents for the external auditors.
Prepare journal entries, reconcile accounts and bank statements.
Prepare monthly inventory reconciliations and analyze and report on variances.
Prepare Notice to Reader engagements independently.
Prepare personal and corporate income tax returns.
Prepare personal and trust tax returns.
Prepare personal income tax, T4, T5, GST returns, payroll and WCB.
Prepare Pre-Authorized Payments report for Accountant.
Prepare quarterly financial reports requested by various lenders.
Prepare routine to complex financial reports and statements.
Prepare RRSP submittal report and enters journal entry on a bi-weekly basis.
Prepare sales margin analysis.
Prepare Sales Tax declarations.
Prepare the revenue allocation file.
Prepare trial balance of books.
Prepare trial balance of books, and prepare financial statements.
Process
Process accounts payable and other payment methods.
Process a variety of loan adjustments to customer accounts.
Process bi-weekly payrolls for BC and AB employees.
Process credit card transactions and expense reports.
Process payroll and calculations.
Process payroll on a bi-weekly basis for transmittal to the payroll service.
Process Purple Sheets and add entries to clients profile on back-office system.
Produce
Produce end-of-period journal entries within a tight deadline.
Provide
Provide assistance to vendors and staff.
Provide coverage and ongoing process improvement initiatives at clerical desks.
Provide Manulife payment information to employees when needed.
Provide products and services to governments, colleges and universities, and defense and civilian.
Provide support to employees regarding payroll, travel policies and expense claims.
Provide support to internal partners.
Provide support to the team in the context of audits and special projects.
Provide the college with cost data of project budget proposals.
Reconcile
Reconcile accounts, Reconcile bank statements.
Reconcile bank statements.
Reconcile Intercompany accounts.
Reconcile Intercompany reconciliation.
Reconcile accounts payable if necessary.
Reconcile saving plan / humanity fund / union dues.
Record
Record end-of-month accruals.
Register
Register our providers' invoices.
Report
Report to the Manager, Accounting Operations.
Research
Research and resolve invoice discrepancies and issues.
Respond to
Respond to a changing environment and meet shifting deadlines through prioritization.
Respond to information requests.
Respond to requests from branches and vendors, following up as necessary.
Review
Review client information and prepare query lists for managers.
Review financial documents for accuracy, completeness, validity, and adherence to standards.
Review ledger to identify errors and initiate and ensure corrections.
Review time reports for accuracy and completion.
Share
Share purchase plan (with a contribution from Stingray).
Support
Support for Accounting and reporting team during month end / forecast and budgeting process.
Support Human Resources with processing benefits and compensation changes.
Support the accounting team according to different needs.
Support the team in different projects.
Support the timely reporting of all monthly financial information.
Take
Take care of the bank reconciliation.
Take personal ownership and responsibility for the quality and timeliness of work commitments.
Treat
Treat the entire accounting cycle.
Use
Use knowledge of expenditure codes and accounting codes to accurately code documents.
Utilize
Utilize a number of sources to create statements and reports.
Validate
Validate that financial structure for projects is accurate.
Verify
Verify vendor accounts by reconciling monthly statements and related.
Work with
Work effectively with partners and the staff team.
Work on special projects occasionally.
Work with accountants in order to ensure adequate cash balances.
Work with accounting software and provide support to clients.
Most In-demand Hard Skills
The following list describes the most required technical skills of an Accounting Technician:
Proficiency in accounting software such as QuickBooks, Xero, or SAP.
Knowledge of financial reporting standards, such as GAAP or IFRS.
Experience with spreadsheet software, particularly Microsoft Excel, for data analysis and financial modeling.
Understanding of budgeting and forecasting techniques.
Familiarity with tax regulations and preparation of tax returns.
Ability to conduct financial analysis using ratios, trends, and benchmarks.
Knowledge of payroll processing and associated laws and regulations.
Competence in using financial management systems and databases.
Understanding of internal control principles and practices.
Experience with inventory management systems and procedures.
Knowledge of cost accounting principles and techniques.
Ability to interpret and apply financial policies and procedures.
Proficient in conducting financial audits and internal control assessments.
Familiarity with grant accounting and reporting.
Competence in financial risk assessment and mitigation strategies.
Knowledge of financial forecasting and cash flow management.
Understanding of fixed asset accounting and depreciation methods.
Proficiency in using electronic banking systems for reconciliations and transactions.
Ability to generate accurate and timely financial reports.
Most In-demand Soft Skills
The following list describes the most required soft skills of an Accounting Technician:
Attention to detail: A keen eye for detail is crucial to ensure accuracy in financial records and reports.
Analytical thinking: The ability to analyze financial data, identify patterns, and draw meaningful insights is essential for effective decision-making.
Problem-solving: Accounting Technicians should possess strong problem-solving skills to address financial discrepancies and resolve issues efficiently.
Time management: The ability to prioritize tasks, meet deadlines, and manage multiple responsibilities is important in a fast-paced accounting environment.
Communication skills: Effective verbal and written communication skills are necessary to interact with colleagues, clients, and vendors regarding financial matters.
Teamwork: Accounting Technicians often collaborate with cross-functional teams, requiring the ability to work collaboratively and contribute to collective goals.
Adaptability: The accounting landscape is constantly evolving, and being adaptable to changes in technology, regulations, and industry practices is crucial.
Ethical behavior: Accounting Technicians handle sensitive financial information, so maintaining high ethical standards and confidentiality is paramount.
Organizational skills: Strong organizational skills help manage financial documents, records, and databases efficiently.
Numerical proficiency: Proficiency in numerical calculations, mathematical concepts, and data analysis is essential for accurate financial reporting.
Conclusion
Accounting Technicians play a critical role in maintaining the financial health of organizations. Their responsibilities encompass a wide range of accounting tasks, ensuring accuracy, compliance, and effective financial management. In this blog post, we have explored the primary responsibilities of Accounting Technicians and highlighted the most in-demand hard and soft skills required for success in this role. By possessing the right skills and staying updated with industry trends, aspiring Accounting Technicians can excel in their careers and contribute to the financial success of their organizations.
