Every industry changes with time, and accounting is no different. With the rise of technology and artificial intelligence (AI) in accounting there are growing concerns that accounting could become redundant, but this is a highly unlikely scenario.
Accounting is a valuable profession, and it’s more likely to move with the times. That said, new technology and AI are bound to shape the future of accounting, and continue to impact the role of accountants, with most future trends reliant on technological shifts.
Here are 4 trends to keep an eye out for in the future of accounting and bookkeeping.