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As an accountant just starting off, do you find yourself struggling to find clientele with the software available to aid the process of keeping track of financial accounts? Are you worried that the accounting process will eventually be taken over by tech?

I'd like to pursue a career in accounting. #business #accounting

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Anthony A.’s Answer

Good question...especially as Artificial Intelligence is rapidly evolving every day. And that is good news...we want technology to help our lives easier,a nd to do all the simple repetitive tasks...thereby allowing us to focus on the more mental challenging tasks. The future may take over some of the technical tasks and therefore you need to be more of a business person with finance skills so that you are providing the thought leadership is solving business issues that technology cannot (yet) accomplish. Net net, anticipate that there will be less need for technical accountants and more need for strong business finance professionals.
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Samantha’s Answer

Hi Kamran! As an auditor, I have seen new technology take leaps and bounds even in the relatively short time that I've been in the workforce. I can't speak to all companies, but the companies that I work with are large, publicly traded companies who are willing to spend money to make sure that they have the best financial reporting technology for their business. Although both these companies, and my company, have taken measures to automate certain portions of accounting work, instead of feeling worried about this, I have found it helpful. By automating some of the time consuming daily tasks, I now have more time to focus on more complex and engaging issues. Hope this helps!
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Saif’s Answer

I was asking the same question when I was studying for accounting in college. Now I'm working in the field and let me tell you this, the need for technical accountants will still be there. The firm I work with, has implemented technology on a big scale, and that has led to simplyfing some of the routine tasks, however, technical accountants are still required to interpret the outcomes of these softwares. In addition, the main focus of incorporating technology is to drive efficiency. This shifts the accountants focus from doing a non judgemental routine work, to spending more time on complex, judgemental issues. To conclude, digital tools and accountants complement each other, and I don't see the fall in demand for accountants in the distant future.
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Jennifer’s Answer

Technology will help accountants perform tasks that can easily be automated, which means more time can be spent consulting and advising clients in areas that are more valuable (i.e. ways to save money, form companies, structure legal agreements, expand, sell companies, minimize taxes, obtain financing, reduce costs, improve processes, etc). Clients want to work with accountants to utilize their expertise in these areas to help improve their overall financial health.
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Jessica’s Answer

In my time as a tax accountant, technology has improved so much. This has only helped me with my career and clients. Technology is not taking jobs from accountants at any level and I don't see this happening in the future. As fast as technology changes, the laws and rules that affect tax accounts change even faster. Technology can't learn these rules as fast as humans. We add the most value to our clients when we can adapt to these rapid changes.
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Jennifer’s Answer

I just attended a seminar about AI in accounting software and was reassured that while AI might alleviate mundane tasks like entering cash receipts and marking bills paid, there will always be a need for an accounting professional to review and confirm data.
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