Explore Careers - Job Market Report
Bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services. They are employed throughout the private and public sectors, or they may be self-employed.
- Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems
- Post journal entries and reconcile accounts, prepare trial balance of books, maintain general ledgers and prepare financial statements
- Calculate and prepare cheques for payrolls and for utility, tax and other bills
- Complete and submit tax remittance forms, workers' compensation forms, pension contribution forms and other government documents
- Prepare tax returns and perform other personal bookkeeping services
- Prepare other statistical, financial and accounting reports.
Outlook & Prospects for Bookkeepers in Muskoka-Kawarthas Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
Local Employment Potential Information
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Employment prospects for bookkeepers in the Muskoka-Kawarthas-Peterborough region are expected to be average for 2012-2013. According to the 2006 census, there were over 1,750 bookkeepers in the region.
Employment prospects for bookkeepers in Ontario are expected to be average for the period of 2012-2013. According to the 2006 Census, bookkeepers represent a fairly large occupational group in the province with over 41,500 bookkeepers in the labour force. The number of workers declined by 5% from the previous census.
Many bookkeepers rely on computer programs to perform routine duties. As such, job opportunities will be moderated by improvements in accounting software and document-scanning technology. Outsourcing of record-keeping tasks to third party contractors has also reduced demand for bookkeepers. However, given the large size and older age profile of this occupational group, job opportunities will arise from the need to replace workers who leave or retire. At the time of the 2006 census, close to 30% of bookkeepers were aged 55 years or older. Staff turnover will also occur as some bookkeepers obtain additional training and progress to professional accounting occupations.
Local Labour Market News
Week of May 27 – May 31, 2013
- Construction is about to begin on a new $2M shipping and receiving building at the Pines Long-Term Care Residence in Bracebridge by Greystone Project Management of Huntsville
Week of May 20 – May 24, 2013
- Construction has begun on the Fleming College Sport Complex in Peterborough, which is expected to cost about $5.9M
- In a cost-cutting move, Cameco Corporation will lay off 53 employees in Port Hope at its conversion, manufacturing and research facilities
Week of May 13 – May 17, 2013
- Aecon Group Inc. will complete $6M in runway upgrades at the Peterborough airport by January 2014 for the Seneca College Aviation Technology Program
- New Urban Haliburton Inc. has begun site preparation for the new Tim Horton’s location on County Road 21 outside Haliburton Village
Week of May 06 – May 10, 2013
- DaviCor Construction Inc. of Port Sydney was awarded a contract to complete Phase 1 construction at Pitman’s Bay Camp near Huntsville
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