Intermediate accountants perform a variety of financial functions such as performing daily ledger balancing, preparing regular sales and marginal reports, and creating operating expense reports on a weekly or monthly basis. One of their main functions is reconciling intercompany bank accounts, confirming balances with the operating companies, posting information and general balances or subsidiary ledgers, and processing payments of monthly closings. Other everyday duties of intermediate accountants include maintaining the fixed assets system, creating monthly and quarterly schedules, and investigating variances or deviations within company accounts. It is important that the company's assets and liabilities are monitored and recorded daily to maintain a timely, accurate balance sheet. Intermediate accountants also perform duties related to internal order entry such as analyzing the various functional groups to create, settle, and close internal orders; executing monthly assign labor charges; and maintain proper internal controls over processes.Employers generally require at least a bachelor's degree in a relevant field; employers may also require status as a certified public accountant (CPA). Skills required for this position include the ability to effectively communicate in a written and oral form, excellent interpersonal skills, the ability to work independently with minimal supervision, and the ability manage normal monthly workflow along with projects as necessary. These professionals must also have excellent organizational skills, ability to multi-task, self-motivation, and the ability to meet deadlines in a fast-paced environment.

According to Google's latest data, the projected growth of the Intermediate Accountant role in Canada's market is expected to be strong. Over the past 10 years, the job role has shown steady growth, and this trend is likely to continue in the future. With an increasing demand for financial expertise, the number of employment opportunities for Intermediate Accountants is expected to rise significantly. This aligns with the overall growth of the accounting field in Canada, indicating promising prospects for individuals pursuing this profession. Overall, the Intermediate Accountant role presents a favorable outlook with ample employment opportunities in the Canadian job market.

How to Learn

As an intermediate accountant with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Performing financial analysis, reconciling accounts, and preparing financial statements to ensure accuracy and compliance with accounting standards.</li><li> Assisting with budgeting and forecasting processes, analyzing variances, and providing recommendations for cost reduction and revenue enhancement.</li><li> Supporting the preparation of tax returns and conducting tax research to ensure compliance with relevant laws and regulations.</li><li> Collaborating with cross-functional teams to streamline processes, improve internal controls, and identify opportunities for operational efficiency and risk mitigation.</li></ul>

Roles & Responsibilities

Average take home Salary for a Intermediate Accountant in Canada is around $42320 per year

Salary Breakup

Intermediate accountants carry out a range of financial tasks, such as managing daily ledger balances as well as preparing monthly reports on marginal and sales as well as preparing operating expense reports either on a monthly or weekly basis. Their primary job is reconciling bank accounts of intercompany companies and confirming balances with operating companies, posting the information and general balances, or subsidiary ledgers, and completing the monthly closing payments. Other responsibilities of intermediate accountants are managing the fixed assets system as well as preparing quarterly and monthly schedules, and analyzing the causes of deviations or variances in accounts of the company. It is crucial to ensure that company's financial assets as well as liabilities are analyzed and documented every day to ensure a current and accurate balance sheet. Intermediate accountants also carry out duties that are related to the internal entry of orders like analyzing the different functional groups to make closing, settling, and settling internal orders; and executing monthly labor costs for assigning and ensuring proper internal control over the processes.

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Intermediate Accountant

Salary Breakup

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