Accounting and Payroll Administrator
Benefits of this program
As an Accounting and Payroll Administrator, you will play a key role in any business. Earn an Accounting and Payroll Administrator diploma to equip you for the demands of the current job market.
A Diploma in Accounting
By completing the Accounting and Payroll Administrator program, you’ll gain computer and office administration skills and a practical foundation in Accounting, Computerized Accounting Systems, and Payroll. Accounting courses will prepare you to enter the workforce by teaching you how to do journal entries, read financial statements, and adjust accounts. Bookkeeping courses will teach you the fundamental principles of reporting business activities.
Upon graduation, you will have on-the-job experience through a practicum placement, which will take you beyond introductory principles as you’ll have the opportunity to practice your skills using industry-standard accounting software applications.
National Payroll Institute Designation
The National Payroll Institute’s PCP designation is the foundation for a successful career in payroll. The PCP courses will help you gain an in-depth understanding of the legislative requirements to keep your organization compliant throughout the annual payroll cycle. When you achieve the designation, you join a growing community of supportive professionals and gain access to the resources you need to stay current and compliant.
The PCP designation requires three core payroll courses, an Introduction to Accounting course transfer credit and one year of weighted payroll work experience:
- Payroll Compliance Legislation
- Payroll Fundamentals 1 – Prerequisite: Payroll Compliance Legislation
- Payroll Fundamentals 2 – Prerequisites: Payroll Compliance Legislation and Payroll Fundamentals 1
- Introduction to Accounting – must be completed at a post-secondary institution
- PCP Work Experience Requirement Application (a minimum of one year weighted payroll work experience)
Qestions & Answers
An Accounting and Payroll Administrator is responsible for managing financial records, processing payroll, and ensuring compliance with tax regulations. They handle tasks such as maintaining ledgers, reconciling accounts, preparing financial reports, calculating employee salaries, and remitting payroll taxes.
Essential skills for an Accounting and Payroll Administrator include proficiency in accounting software, attention to detail, strong numerical skills, knowledge of tax laws and regulations, ability to analyze financial data, and excellent organizational and communication skills. They should also be familiar with payroll processing, bookkeeping, and general accounting principles.
Typical duties of an Accounting and Payroll Administrator include recording financial transactions, managing accounts payable and accounts receivable, reconciling bank statements, preparing financial statements, processing payroll and related taxes, ensuring compliance with employment regulations, maintaining employee records, and assisting with budgeting and forecasting.
While specific requirements may vary, most employers seek candidates with a post-secondary diploma or degree in accounting, finance, or a related field. Professional certifications such as the Certified Payroll Professional (CPP) or the Canadian Payroll Association (CPA) designation can also enhance job prospects. Additionally, proficiency in accounting software, such as QuickBooks or Sage, is often required.
Accounting and Payroll Administrators can find employment opportunities in various industries, including corporate organizations, government agencies, non-profit organizations, and accounting firms. With experience and additional qualifications, they can advance to positions such as Senior Payroll Administrator, Payroll Manager, Accounting Supervisor, or Financial Analyst. Some individuals may also choose to pursue a career as a Certified Public Accountant (CPA) or Chartered Professional Accountant (CPA).