Artificial Intelligence in the Accounting Industry

Not much innovation has been seen in the accounting field since double-entry bookkeeping. Today, there are various bookkeeping programs that accountants can take advantage of. For example, QuickBooks Online allows users to link the program with their bank feed. Then bookkeepers need only to match transactions instead of taking the time to input every transaction. By 2020, Atherton Research predicts most of the tasks of accountants will be automated.

This may seem scary for some accounting firms. In reality, AI programs will take away most of the tedious tasks that accountants perform. It will also reduce the chance of accounting errors. Accountants will then be able to focus on aiding clients with business advice.

Andrews Tax Accounting rolls with new advances. All of our accountants are certified ProAdvisors for QuickBooks Desktop and QuickBooks Online.

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