Accounting and bookkeeping clerks compute, classify, and record numerical data to keep financial records complete.
They perform any combination of routine calculating, posting and verifying duties to obtain primary financial data for use in maintaining accounting records (ILO, 2018).

RISK PROBABILITY BASED ON THE SEMINAL FREY AND OSBORNE STUDY

Professional Group characteristics and similar occupations

Numerical Clerks

Numerical clerks obtain, compile and compute accounting, bookkeeping, statistical, financial and other numerical data, and take charge of cash transactions incidental to business matters (ILO, 2018).

  • Accounting and Bookkeeping Clerks
  • Statistical, Finance and Insurance Clerks
  • Payroll Clerks
  • Accounts clerk 
  • Bookkeeping clerk 
  • Cost computing clerk

BACKGROUND INFORMATION

Artificial intelligence systems have the ability to store large volumes of data, but also the ability to “learn” from stored data using machine learning technology. The financial sector generates large amounts of data, which allows for the automation of certain processes. Employees in this area have tasks such as, for example, the crossing of invoices with the payments of customers. 

Software can perform this task much faster and at lower cost therefore resulting in the replacement of human work. With intelligent systems predictive analysis becomes easier and more accurate. Large amounts of data can be analysed to identify patterns and predict consumer behaviour. Data entry presented one of the biggest obstacles to full automation and digitization, but machine learning, predictive reading and natural language techniques were developed in such a degree that are now allowing software an acceptable transcription rate (Predictive Analytics Times, 2016). OCR (Optical Character Recognition) scan programmes and QR or bar code documents are making it easier to automatically transfer paper documents into a digitalized format. Moreover, thanks to IoT and to a large number of “connected” devices, data are being transferred directly from one device to another with no need of data entry. 

On the other hand, the knowledge of data entry clerks might be very useful for ICT programmes designers to definite a really quick and easy-to-use interfaces for the end-users, who are to enter data.

However, human accountants are also the trusted advisers of the business owners. This trust link is not yet replicable by intelligent systems or robots.

CASE EXAMPLES

There are already companies that offer bookkeeping and professional tax advice for companies from different industries. Their services can fully replace all internal accounting and finance departments. If necessary, they may support the client’s internal accounting team in setting up processes, supervising the accounting team, advising on more complex operations, preparing reports, and regular tax support for their local and international activities.

There are online programs and platforms, for example Archiles, which are able to automatically recognise, record and categorise the items in a company’s account. It is possible to take a picture of the invoice or a note with a Smartphone and the documents are automatically recognized, categorized and posted in the accounting. It is also possible to approve and pay for the invoices with this system.ange this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Xero is an accounting software in the cloud, which includes automatic bank account and credit card feeds, invoice, accounts payable, expense claims, fixed asset depreciation, purchase orders. This software creates and send invoices instantly. It allows to associate invoices to the respective transaction. It allows the payment schedule. Overall, it automates most of the tasks usually performed by billing and posting clerks.

Accrualify is a software with some automated features to support the work performed by accountants and those responsible for the management control. Organizations in the accounting sector can perform their tasks from a single platform that makes the information of their client organizations easily accessible.

http://www.accrualify.com/

Categories: Skill Level 2