Will “Payment Processor” be Replaced By Robots? 🤔

98% Chance of Automation

“Payment Processor” 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.

Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍

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 “Payment Processor”

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

Related Technology & Tools

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

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