The average pay for an Accounting Manager with Financial Analysis skills in Toronto, Ontario is C$68,344 per year. For the first five to ten years in this position, pay increases somewhat, but any additional experience does not have a big effect on pay.
|Salary||C$49,820 - C$88,816|
|Bonus||C$485 - C$10,205|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|C$50,855 - C$94,613|
Job Description for Accounting Manager
In most businesses, an accounting manager develops and implements systems for gathering, analyzing, verifying, and reporting certain types of financial information. Typically, an accounting manager is a part of a larger group (or managerial staff) that includes other mid-level business managers.Read More...
Some of the job duties of an accounting manager include hiring, training, and coaching subordinates, as well as enforcing company policies, rules, and procedures. Accounting managers usually complete certain financial objectives such as preparing and regulating annual budgets, scheduling expenditures, and beginning corrective actions when budget problems occur. Also, these types of managers are in charge of keeping track of a business' financial status by closely monitoring revenue, expenses, and future budget changes while evaluating financial data, and they typically prepare reports and charts on finances. An accounting manager also helps guide other departments by applying observations and recommendations to their financial operations. The accounting manager also helps the company avoid legal challenges by understanding current and proposed legislation, enforcing certain financial regulations, and recommending new, efficient procedures. Finally, accounting managers are responsible for updating business information by participating in any educational opportunities that can advance the company's current financial model.
An accounting manager typically has a bachelor's or master's degree in a finance-related degree, as well as experience in the field. (Copyright 2018 PayScale.com)
Accounting Manager Tasks
- Oversee the posting and maintenance of general ledger accounts, payroll transactions, accounts payable and general ledger adjustments.
- Provide financial analysis statements including monthly balance sheets, income statements, cash flows statements, and actual to budget and last year variance analysis.
- Assist in the development and implementation of policies and procedures relating to financial management, budget and accounting.
- Manage the daily activities of the accounting department.
- Collect and provide information for audit inquiries and give assistance to auditors.
Accounting Manager Job Listings
Pay by Experience Level for Accounting Manager
Pay by Experience for an Accounting Manager has a positive trend. An entry-level Accounting Manager with less than 5 years of experience can expect to earn an average total compensation of C$61,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Accounting Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$71,000 based on 18 salaries. An experienced Accounting Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$74,000 based on 16 salaries. An Accounting Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$71,000 based on 5 salaries.
Key Stats for Accounting Manager
Rated 4 out of 5
based on 14 votes.