What is Financial Transactions?
The type of agreement held between two parties (buyer and seller) regarding an exchange of funds for an asset, is termed as a financial transaction. The financial transaction is the exchange of products, services, cash or credit, information, and other things of value among two separate entities for a common goal.
How is Financial Transactions used?
Zippia reviewed thousands of resumes to understand how financial transactions is used in different jobs. Explore the list of common job responsibilities related to financial transactions below:
- Recorded financial transactions, Updated customers financial profiles, and checked on personal and business financial records to ensure accuracy.
- Obtain information and perform transactions; including financial and non-financial transactions, establishing/updating accounts, loan applications and ordering products.
- Verify and balance reports and records of financial transactions using Property Management and Automated Revenue Audit systems.
- Helped grow company and nurture customer allegiance by conducting financial transactions with transparency, accuracy, and confidentiality.
- Maintained accurate processing of financial transactions which resulted in a reduction of member complaints and increased member satisfaction.
- Handled approximately 50 customer calls daily while processing financial and non-financial transactions including surrenders, withdrawals, and transfers.
Are Financial Transactions skills in demand?
Yes, financial transactions skills are in demand today. Currently, 12,710 job openings list financial transactions skills as a requirement. The job descriptions that most frequently include financial transactions skills are personal service representative, retail service representative, and finance processing clerk.
How hard is it to learn Financial Transactions?
Based on the average complexity level of the jobs that use financial transactions the most: personal service representative, retail service representative, and finance processing clerk. The complexity level of these jobs is intermediate.
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What jobs can you get with Financial Transactions skills?
You can get a job as a personal service representative, retail service representative, and finance processing clerk with financial transactions skills. After analyzing resumes and job postings, we identified these as the most common job titles for candidates with financial transactions skills.
Personal Service Representative
- Financial Transactions
- Quality Customer Service
- Support Services
- Community Resources
- ACH
- Workforce Solutions
Retail Service Representative
- Bank Products
- Financial Transactions
- Data Entry
- Retail Service
- Customer Service
- Sales Floor
Finance Processing Clerk
- Data Entry
- Financial Transactions
- Outbound Calls
- Student Loans
- Title IV
- External Regulations
Banking Associate
Job description:
A banking associate's role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank's policies and regulations.
- Excellent Interpersonal
- Strong Customer Service
- Financial Transactions
- Financial Services
- PowerPoint
- Financial Solutions
Internal Revenue Agent
Job description:
An internal revenue agent is primarily in charge of auditing and examining businesses' and individuals' financial records to ensure compliance with tax laws and payments. Their responsibilities typically revolve around reaching out to clients through calls and correspondence, arranging appointments, traveling to different locations, gathering and reviewing documentation, and even processing tax payments. Furthermore, as an internal revenue agent, it is essential to discuss and help taxpayers understand the tax laws, assist in complex procedures, and provide counseling as needed, all while adhering to the government laws and regulations.
- Partnerships
- CPA
- IRS
- Financial Transactions
- Income Tax Returns
- Tax Issues
Sales And Service Associate
Job description:
A sales and service associate is responsible for selling goods and services for the customers and help them with their purchasing needs. Sales and service associates respond to the customers' inquiries and concerns, recommend products according to the customers' specifications, and ensure that the stocks are adequately filled. They also help management in identifying business opportunities from the current industry trends that would generate more revenue resources and increase the company's sales and profits.
- Sound Judgment
- Sales Process
- Customer Problems
- Financial Transactions
- Product Knowledge
- Outbound Calls
Revenue Agent
Job description:
A revenue agent typically works for government agencies where they are in charge of ensuring that businesses and citizens comply with their tax obligations. Their responsibilities include performing field audits and assessments, gathering and analyzing data, reviewing documents and procedures, and investigating tax delinquencies in adherence to the state and federal laws and regulations. They must also directly communicate with organizations and individuals to conduct assessments, collect information, respond to inquiries and concerns, and discuss their rights and obligations.
- Partnerships
- CPA
- Financial Transactions
- Appeals
- Business Operations
- Business Entities
Receiving Teller
- Data Entry
- ATM
- Financial Institutions
- Financial Transactions
- Direct Supervision
- Cash
Record Keeper
- Recordkeeping
- Data Entry
- Retirement Plan
- Financial Transactions
- Bank Secrecy Act
- IRS
Teller
Job description:
Tellers are bank employees who handle face-to-face or in-person transactions of clients. They are the bank's front liners, and they interact with clients on a daily basis. They process requests related to the clients' bank accounts, including, but not limited to, opening and closing accounts, withdrawing and depositing cash and checks, processing loan requests, accepting payments, validating transactions, and answering any other questions that a client may have. They should also be familiar with the bank's products and services. Tellers should have good customer service skills, attention to detail, and basic accounting skills.
- Cash Handling
- Customer Service
- Financial Transactions
- Math
- Bank Products
- ATM
Lead Teller
Job description:
A lead teller is an exceptional bank teller who performs various tasks in the bank. Lead tellers handle and supervise the team of tellers in the organization. They oversee the other tellers and see to it that jobs are correctly executed. Their duties include cash drawer maintenance, new teller training, and information communicator to bank officials. Also, they are the ones who interact with customers and resolve any bank-related problems that may arise.
- Customer Service
- Financial Transactions
- Cash Handling
- Customer Interaction
- Product Knowledge
- Security Procedures
Bank Clerk
- Data Entry
- Cash Handling
- Loan Payments
- Financial Transactions
- Customer Service Actions
- ACH
Finance Technician
Job description:
Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.
- Financial Reports
- Financial Management
- Review Contracts
- Financial Transactions
- Treasury
- Bonds
Teller Manager
- Security Procedures
- Quality Customer Service
- Financial Transactions
- ATM
- Bank Policies
- Foreign Currency
Food Stand Manager
- Food Service
- Food Preparation
- Inventory Control
- Financial Transactions
- Customer Complaints
- Concession Stand
Drive-In Teller
- Customer Service
- Cashier Checks
- Cash Handling
- Financial Transactions
- Bank Products
- Customer Transactions
Treasurer
Job description:
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
- Payroll
- Fraternity
- Bank Accounts
- Community Services
- Financial Transactions
- QuickBooks
Customer Service Senior Associate
Job description:
A customer service senior associate provides support and assistance to clients through calls, correspondence, or face-to-face interactions. They are responsible for responding to inquiries, discussing product or service specifications, helping them understand procedures, providing step-by-step instructions, or referring other services when necessary. They also maintain logs of all transactions and report to managers regularly. Additionally, as a customer service senior associate, it is essential to empower and serve as a mentor to junior associates in reaching team objectives while promoting company policies and standards.
- Data Entry
- Customer Service Associates
- Customer Inquiries
- Customer Calls
- Financial Transactions
- Customer Complaints
How much can you earn with Financial Transactions skills?
You can earn up to $32,364 a year with financial transactions skills if you become a personal service representative, the highest-paying job that requires financial transactions skills. Retail service representatives can earn the second-highest salary among jobs that use Python, $33,771 a year.
| Job title | Average salary | Hourly rate |
|---|---|---|
| Personal Service Representative | $32,364 | $16 |
| Retail Service Representative | $33,771 | $16 |
| Finance Processing Clerk | $36,290 | $17 |
| Banking Associate | $81,890 | $39 |
| Internal Revenue Agent | $71,853 | $35 |
Companies using Financial Transactions in 2026
The top companies that look for employees with financial transactions skills are The PNC Financial Services Group, PNC, and Robert Half. In the millions of job postings we reviewed, these companies mention financial transactions skills most frequently.
| Rank | Company | % of all skills | Job openings |
|---|---|---|---|
| 1 | The PNC Financial Services Group | 19% | 2,001 |
| 2 | PNC | 17% | 3,145 |
| 3 | Robert Half | 9% | 8,568 |
| 4 | FedEx | 8% | 1,046 |
| 5 | Pwc | 8% | 16,927 |
Departments using Financial Transactions
| Department | Average salary |
|---|---|
| Finance | $63,373 |
| Retail | $38,814 |
4 courses for Financial Transactions skills
1. ACCA FA1 Recording Financial Transactions
ACCA's FA1 Recording financial transactions paper is the first paper in the ACCA's foundation level qualification. It is an international course which aims to introduce students to the basic accounting systems up to the trial balance stage and the types of documentation you would encounter in the workplace. No previous knowledge of accounting, additional material or software is required for this paper. In order to sit the ACCA exam students must apply direct to ACCA for student membership and exam entry. In this course students will learn about: Business transactions, the banking system and double entry bookkeepingPayroll and ledger accountsReconciliation and preparing the trial balance This course is for complete beginners, providing a starting point for those wanting to pursue a career in accounting as an accounting technician or those wanting to become a professional accountant but who may not meet the entry requirements to start their studies straight away with the ACCA qualification...
2. Financial Accounting-Inventory & Merchandising Transactions
Dive deep into the world of inventory accounting with this comprehensive course focused on merchandising transactions and cost flow assumptions. This course is perfect for anyone seeking a thorough understanding of how to handle inventory costs, cost flows, and various related transactions. Starting with the essentials, we will examine the purchase and sale of inventory, including important associated topics like sales discounts, purchase discounts, sales return, and allowances. You will learn how to account for shrinkage and how to perform a cost of goods sold (COGS) calculation, both crucial aspects of inventory management. We will then broaden your knowledge of different inventory systems. By comparing and contrasting perpetual and periodic inventory systems, you will gain insights into the benefits and drawbacks of each. Understanding when to use which system in practice is a key skill this course aims to instill. Delving deeper, we'll explore inventory costs and cost flows. You'll discover what's included in the inventory cost and how to account for various inventory-associated costs, such as freight, insurance, and discounts. This knowledge will equip you to accurately represent inventory value in financial reporting. A critical part of this course is dedicated to inventory flow assumptions. Here, we study specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods. These methods will be examined in the context of both perpetual and periodic inventory systems, giving you a comprehensive understanding of their application. The course employs a variety of engaging materials to aid learning: Downloadable PDF Files - These serve as handy offline references. Excel Practice Files - Preformatted files for honing your Excel skills and practicing adjustments. Multiple Choice Practice Questions - Perfect for enhancing test-taking abilities and understanding course material. Short Calculation Practice Questions - These focus on reducing complex problems to simpler calculations. Discussion Questions - Offering the chance to explore topics with your instructor and fellow students. Our instructor, a certified public accountant (CPA) and chartered global management accountant (CGMA) with a master's in taxation, brings a wealth of practical and teaching experience. Having dealt with a multitude of technical accounting issues and taught numerous accounting classes, he knows how to help students learn best. His experience in curriculum development ensures the course is logically structured, making complex topics and software accessible. By the end of this course, you'll have a robust understanding of merchandising transactions, inventory tracking methods, inventory costs, and much more. Our comprehensive problems provide practical application, simulating real-world accounting scenarios. This course is an invaluable resource for anyone keen to master inventory accounting...
3. Financial Accounting-Debits & Credits-Accounting Transaction
Embark on a comprehensive journey into the vibrant world of accounting with our meticulously designed course. This course is uniquely tailored to give you an extensive understanding of the fundamental concepts of accounting, creating a solid foundation on which your advanced understanding can flourish. Throughout this course, you'll journey through the significant role of accounting in decision-making and financial management, revealing how reliable and crucial information is provided to a myriad of stakeholders. In addition, you will delve into the ethical principles and professional standards that guide the accounting profession, painting a picture of the moral compass every accountant needs to adhere to. Our exploration takes us further into the heart of the accounting equation, a fundamental concept where you'll learn about its components - assets, liabilities, and equity - and how they interrelate. The journey continues through the terrain of financial statements, diving deep into balance sheets, income statements, and cash flow statements, and discovering how they offer vital insights into an organization's financial health. We also tackle the major methods of accounting - accrual and cash. By understanding when revenue and expenses are recognized under each method, you'll learn to appreciate the advantages and limitations of each approach. Following this, we'll examine the principles of revenue and expense recognition, emphasizing the importance of accurately associating revenue with the expenses incurred in generating it. You'll also learn the art of recording transactions, understand the impact of these transactions on the accounting equation, and familiarize yourself with the principles of dual-entry bookkeeping. Moreover, the course demystifies the concepts of debits and credits, leading you to understand their effects on various types of accounts. We'll then delve into specific procedures for recording cash transactions and understand how they impact the accounting equation. This will be followed by mastering the processes of recording transactions related to accounts receivable and payable, and comprehending the importance of the general ledger in consolidating and summarizing financial information. The course culminates in the application of the knowledge and skills you've acquired, allowing you to solve a comprehensive accounting problem. This includes analyzing transactions, preparing journal entries, posting to the general ledger, and preparing financial statements. Whether you're an aspiring accounting student, a professional seeking to augment your financial prowess, or an entrepreneur aiming to enhance your financial management capabilities, this course promises to lay the solid groundwork you need to excel in the ever-evolving field of accounting. Embark on this transformative journey today, and unlock a world of opportunities in accounting like never before!...
4. Fraud Detection on Financial Transactions with Machine Learning on Google Cloud
This is a self-paced lab that takes place in the Google Cloud console. Explore financial transactions data for fraud analysis, apply feature engineering and machine learning techniques to detect fraudulent activities using BigQuery ML...