Will “Amortization Clerk” be Replaced By Robots? 🤔

98% Chance of Automation

“Amortization Clerk” will almost certainly be replaced by robots.

This job is ranked #671 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.

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Job Description

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

Job Details

The SOC (Standard Occupational Classification) code is 43-3031.00
The Mean Annual Wage in the U.S. is $ 40,220.00
The Mean Hourly Wage is $ 19.00
Currently, there are 1,566,960 people on this job

☝️ Information based on the reference occupation “Bookkeeping, Accounting, and Auditing Clerks”.

Also Known As…

Tasks for “Amortization Clerk”

Operate 10-key calculators, typewriters, and copy machines to perform calculations and produce documents.
Receive, record, and bank cash, checks, and vouchers.
Transfer details from separate journals to general ledgers or data processing sheets.
Operate computers programmed with accounting software to record, store, and analyze information.
Maintain inventory records.
Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.
Code documents according to company procedures.
Complete and submit tax forms and returns, workers' compensation forms, pension contribution forms, and other government documents.
Reconcile records of bank transactions.
Perform personal bookkeeping services.
Prepare and process payroll information.
Access computerized financial information to answer general questions as well as those related to specific accounts.
Calculate, prepare, and issue bills, invoices, account statements, and other financial statements according to established procedures.
Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.
Prepare trial balances of books.
Calculate costs of materials, overhead, and other expenses, based on estimates, quotations and price lists.
Debit, credit, and total accounts on computer spreadsheets and databases, using specialized accounting software.
Match order forms with invoices, and record the necessary information.
Compile budget data and documents, based on estimated revenues and expenses and previous budgets.
Compile statistical, financial, accounting, or auditing reports and tables pertaining to such matters as cash receipts, expenditures, accounts payable and receivable, and profits and losses.
Calculate and prepare checks for utilities, taxes, and other payments.
Compare computer printouts to manually maintained journals to determine if they match.
Reconcile or note and report discrepancies found in records.
Perform general office duties, such as filing, answering telephones, and handling routine correspondence.
Monitor status of loans and accounts to ensure that payments are up to date.
Prepare purchase orders and expense reports.
Comply with federal, state, and company policies, procedures, and regulations.
Perform financial calculations, such as amounts due, interest charges, balances, discounts, equity, and principal.
Classify, record, and summarize numerical and financial data to compile and keep financial records, using journals and ledgers or computers.
Compute deductions for income and social security taxes.

Related Technology & Tools

10-key calculators
Image scanners
Desktop computers
Ledger sheets
Notebook computers
Financial calculators
Receipt books

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