Is Artificial Intelligence Here to Stay?
Artificial intelligence (AI) in accounting Since its inception, AI has been equally hyped and feared. Some believe that AI will lead to the downfall of humanity, while others believe that it will be the salvation of our species. The truth lies somewhere in the middle. It’s true that AI poses some risks to humanity, but […]
AI in Accounting: 3 Reasons Why Accountants Should Care About and Adopt AI Now
Now more than ever, accountants need to care about AI. We hear it in the news. Generative AI is disrupting a multitude of industries from education to entertainment – the jury is out as to whether that’s a good thing. AI’s positive impact on the accounting industry, however, is undeniable. By automating redundant back-office tasks, […]
Is Accounting Automation Hard to Learn?
Recent advancements in artificial intelligence (AI) technology have caused people to wonder if machines could eventually replace human workers. Many industries are utilizing automation, but human oversight is still needed to run and apply AI-based machine learning systems. Automation can make our lives easier in the workforce through increased productivity and efficiency, but humans possess […]
Eliminate Tax Penalties and Improve Efficiency with Real-Time Bookkeeping
Small and medium sized business owners have to wear many different hats to maintain profitability, from managing inventory, hiring, acquiring customers, to bookkeeping and creating financial reports. Some businesses are often penalized for not filing taxes on time to the IRS due to poor bookkeeping practices. Bookkeeping is a tedious task that takes time and […]
Does Document-Based Data Provide Richer Results than Structured Data?
Having accurate data is the reason why business owners opt to use accounting software in the first place. And with artificial intelligence (AI), or automation, quickly gaining popularity, you might be wondering if accounting automation software is right for your business. Before you can make that decision, you first need to understand the difference between […]
Will Artificial Intelligence (AI) Replace Accountants?
As the use of artificial intelligence (AI) in accounting becomes more prevalent, the question on many accountants’ minds is ‘can artificial intelligence replace accountants?’ There’s no easy answer to this question. But the general consensus is that while AI will certainly change how accountants do their jobs, it will not replace accountants. Simply put, AI […]
Artificial Intelligence in Accounting: AI Dependency on Human Interaction
None of us are born with the innate ability to perform algebraic equations, drive a car, or balance a checkbook. Instead, we’re shown how to do those things, practicing until we get it right. Our brains act as computers, gathering information, processing it, and using it as the basis for further growth. Artificial intelligence, or […]
