Job prospects Accounting Assistant in Ontario

National Occupational Classification update

We have updated this page to reflect the transition to the 2021 version of the National Occupational Classification (NOC). This means that the occupation "accounting assistant" was moved from the group Accounting and related clerks (NOC 1431) to the group Accounting and related clerks (NOC 14200).

Explore current and future job prospects for people working as an "accounting assistant" in Ontario or Canada.

Job opportunities in Ontario

Note that these outlooks are based on the 2016 version of the NOC. Learn more about our methodology.

accounting assistant
Prospects over the next 3 years
Moderate

The employment outlook will be moderate for Accounting and related clerks (NOC 1431) in Ontario for the 2022-2024 period.

The following factors contributed to this outlook:

  • Employment growth will lead to a moderate number of new positions.
  • Several positions will become available due to retirements.

What Types of Employers Are Out There?

  • Employed across most industries with the leading share in accounting, tax preparation, bookkeeping and payroll services

What are the Main Trends Affecting Employment?

  • Ongoing need for accounting services and financial recording across businesses and departments will support work in this occupation
  • Greater use of technology to manage invoicing, billing and accounts may temper job growth and change some job functions

What Skills Do I Need to Succeed?

  • Completion of college or industry courses in accounting or finance or several years of related experience may be preferred
  • Proficiency in accounting software like QuickBooks is usually required along with the ability to use Microsoft Office Suite, particularly Microsoft Excel

What Other Information Will I Find Helpful?

  • Part-time work is relatively common in this occupation
  • Ability to work longer hours at the end of financial reporting periods and during the federal tax season may be required

Here are some key facts about Accounting and related clerks in Ontario:

  • Approximately 55,500 people work in this occupation.
  • Accounting and related clerks mainly work in the following sectors:
    • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 11%
    • Other retail stores (NAICS 44-45, except 445): 8%
    • Wholesale trade (NAICS 41): 8%
    • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 7%
    • Construction (NAICS 23): 6%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 87% compared to 79% for all occupations
    • Part-time workers: 13% compared to 21% for all occupations
  • 71% of accounting and related clerks work all year, while 28% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 30 weeks compared to 31 weeks for all occupations.
  • 6% of accounting and related clerks are self-employed compared to an average of 12% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 19% compared to 52% for all occupations
    • Women: 81% compared to 48% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: less than 5% compared to 10% for all occupations
    • high school diploma or equivalent: 28% compared to 27% for all occupations
    • apprenticeship or trades certificate or diploma: less than 5% compared to 6% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 35% compared to 26% for all occupations
    • bachelor's degree: 23% compared to 21% for all occupations
    • university certificate, degree or diploma above bachelor level: 6% compared to 10% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Legend

0 out of 5 stars
Undetermined
1 out of 5 stars
Very limited
2 out of 5 stars
Limited
3 out of 5 stars
Moderate
4 out of 5 stars
Good
5 out of 5 stars
Very good

Source Labour Market Information | Prospects Methodology

Labour Market Information Survey
Date modified: