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”

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

Related Technology & Tools

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

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