Will “Bank Reconciliator” be Replaced By Robots? 🤔

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…

• Bookkeeping, Accounting, and Auditing Clerks
• Bookkeeper
• Accounts Receivable Clerk
• Accounts Payables Clerk
• Accounts Payable Specialist
• Accounts Payable Clerk
• Accounting Clerk
• Accounting Associate
• Accounting Assistant
• Account Receivable Clerk
• Account Clerk
• Voucher Examiner
• Voucher Clerk
• Typing Bookkeeper
• Typing and Bookkeeper
• Trust Vault Clerk
• Tonnage Compilation Clerk
• Stock Transfer Clerk
• Staff Accountant
• Securities Clerk
• Sales Audit Clerk
• Revenue Audit Clerk
• Returned Item Clerk
• Reserves Clerk
• Remittance Clerk
• Reconciliation Clerk
• Reconciliation Analyst
• Reconcilement Clerk
• Price Clerk
• Price Checker
• Posting Clerk
• Payroll Accounting Clerk
• Payment Processor
• Patient Financial Service Representative
• Patient Account Representative
• Pari Mutuel Ticket Checker
• Office Work and Bookkeeper
• Office Manager
• Night Auditor
• Mortgage Loan Computation Clerk
• Mortgage Accounting Clerk
• Margin Clerk
• Letter of Credit Clerk
• Ledger Poster
• Ledger Clerk
• Journal Clerk
• Income Auditor
• Import Export Clerk
• Hotel Night Auditor
• Hotel Auditor
• General Ledger Bookkeeper
• Full Charge Bookkeeper
• Foreign Exchange Position Clerk
• Foreclosure Clerk
• Food and Beverage Controller
• Fixed Capital Clerk
• Fiscal Technician
• Fiscal Accounting Clerk
• Financial Recording Clerk
• Financial Processing Clerk
• Finance Assistant
• Figure Clerk
• Field Clerk
• Export Documents Clerk
• Export Clerk
• Escrow Closer
• Escrow Agent
• Electronic Funds Transfer Coordinator
• Document Processor
• Dividend Deposit Voucher Clerk
• Distribution Accounting Clerk
• Discount Clerk
• Daily Sales Audit Clerk
• Credit Card Clerk
• Cost Accounting Clerk
• Cost Accountant
• Computer Bookkeeper
• Commodity Loan Clerk
• Collection Clerk
• Collateral Clerk
• Collateral and Safekeeping Clerk
• Clipman
• Clerk and Bookkeeper
• Clerk Analyst
• Clearing House Clerk
• Classifier
• Classification Control Clerk
• Classification Analyst
• Chief Wheelage Clerk
• Check Processing Clerk
• Check Out Clerk
• Check Clerk
• Chart Snatcher
• Chart Reader
• Chart Picker
• Chart Computer
• Chart Clerk
• Chart Changer
• Chart Calculator
• Cash Register Balancer
• Cash Accounting Clerk
• Canceling and Cutting Control Clerk
• Budget Technician
• Budget Clerk
• Bookkeeping Clerk
• Bookkeeper Assistant
• Bookkeeper and Clerk
• Booking Clerk
• Book Keeper
• Bond Clerk
• Billing Clerk
• Billing Checker
• Balance Clerk
• Auditor Sales
• Auditing Clerk
• Audit Control Clerk
• Audit Clerk
• Amortization Clerk
• Advice Clerk
• Accounts Receivable Specialist
• Accounts Receivable Assistant
• Accounts Payable Representative
• Accounts Payable Manager
• Accounts Payable Coordinator
• Accounts Payable Administrator
• Accounting Technician
• Accounting Specialist
• Accounting Representative
• Accounting Manager
• Accounting Coordinator
• Accounting Bookkeeper
• Accounting Analyst
• Accountant Helper
• Accountant Clerk
• Accountant Assistant
• Accountant
• Account Information Clerk
• Account Administrator

Tasks for “Bank Reconciliator”

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

Related Technology & Tools

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

• Intuit QuickBooks
• FlexiFinancials FlexiLedger
• Spreadsheet software
• Auditing software
• Pentana audit work system PAWS
• ACS Technologies ACS Financial Suite
• Cartesis ES Magnitude
• Heron CrossTie General Ledger
• ATX Total Accounting Office
• MethodWare ProAudit Advisor
• RSM McGladrey Auditor Assistant
• LexisNexis
• Data entry software
• NetSuite ERP
• FLS eDP.Payrolltax
• Human resource management software HRMS
• Microsoft Access
• Accutrac Records Management Software
• Infor Global Solutions Starbuilder
• Paisley Focus Control Assurance
• HMS
• Records management software
• Blackbaud The Financial Edge
• Best MIP Fund Accounting
• PROPHIX Enterprise
• Customer information control system CICS
• CYMA IV Accounting for Windows
• Cost accounting software
• AuditWare
• Business performance management BPM software
• Paisley IssueTrack
• CCIS AccountAbility
• OmniRIM Records Management Suite
• SAP BusinessObjects Data Integrator
• AdaptaSoft CyberPay
• Medical procedure coding software
• AMS Services AMS Sagitta
• HCSS HeavyBid
• Microsoft Internet Explorer
• Financial statement software
• Payroll software
• American HealthTech Financial
• Tumbleweed SecureTransport
• Automation Counselors municiPAL
• Paisley AutoAudit
• SAP Crystal Reports
• Softrax Revenue Management
• Oracle Hyperion
• Sage 100 ERP
• Tax software
• Roundtable Software Advantage Accounting System
• IBM Cognos Impromptu
• Word processing software
• Intuit Quicken
• Fund accounting software
• Financial compliance software
• Paisley RiskNavigator
• Microsoft Word
• BillingTracker
• Yardi
• SAP Business Objects
• ATX Total Engagement Office
• Oracle JD Edwards EnterpriseOne
• HCSS HeavyJob
• Oracle E-Business Suite Financials
• Sage ACT!
• Microsoft Dynamics GP
• ADP Pay eXpert
• BLS Software Invoice!
• RSM McGladrey Advanced Practice Solutions Paperless Audit
• IBM Notes
• ComputerEase
• Document management system software
• Microsoft PowerPoint
• AcornSystems Corporate Performance Management
• Medical condition coding software
• Healthcare common procedure coding system HCPCS
• Intrax ProcedureNet
• Accurate NXG
• Microsoft Excel
• Blackbaud The Raiser's Edge
• ADP Workforce Now
• Microsoft Outlook
• New Millennium Communications Genesis Accounting
• Sage 100 Contractor
• Oracle PeopleSoft Financials
• SAP
• Paisley Cardmap
• Oracle PeopleSoft
• Asset management software
• Advanced Management Systems Software for Wineries
• Microsoft Dynamics
• Microsoft Office
• Corporate Responsibility System Technologies Limited CRSTL Compliance Positioning System
• FileMaker Pro
• Sage 50 Accounting
• UA Business Software Professional Edition
• Accounts receivable software
• Accounts payable software
• MEDITECH software
• Activant Solutions Activant Prophet 21
• General ledger software
• Financial reporting software