WILL ACCOUNTANTS BECOME OBSOLETE? Read This Post to Know ��

There’s a hot question on every accountant’s mind, keeping them up at night. Will accountants become obsolete? Technology is emerging. The rise of the robots and software are causing many accountants to toss and turn with worry and distress. With the entrance of Artificial Intelligence (AI), accountants are concerned about being replaced by high tech.

Results from a recent 2017 PwC study show that 40% of the accounts payable process can be automated―including timely tasks such as billing and reporting
.

Now more than ever, finance departments are exploring automation options to manage the accountant’s manual tasks. Humans may specialize in crunching the numbers for financial insight, but robots are revolutionizing the role.

THE REVOLUTION OF THE ROBOTS AND SOFTWARES

In the past, companies relied on accountants for accurate reporting, financial visibility, and long-term growth. For many accounting roles, the average day included manually entering invoices, writing checks, and chasing managers for approvals, not to mention creating countless spreadsheets and formulas to manage workflow statuses, approvals, and product purchases.

Miscalculations, typos, and correcting other human errors―otherwise known as the exception rate—weighed down the work hours. In a recent survey, Aberdeen pointed out that trusting the robots with AP processes boosts accuracy by 6.74%, decreasing the exception rate with a few clicks. They will be the finance department’s dream come true by cutting cost, increasing efficiency, and providing real-time reporting in a fraction of the time.

Accounting packages (like SAGE 50, QuickBooks. Tally ERP etc), processes 90 times more invoices than accountants who cling to pen and paper. The rapid task completion rate explains why companies are paying for softwares and services to handle the procure-to-pay process and accounts payable automation instead of paying accountants.

Manual invoice entry comes at a high cost for company wallets. Invoices are now stored digitally, regardless of how suppliers send them. Most invoice services make it easy to fill in the small, but significant, details while staying organized.

SO, WILL ACCOUNTANTS EVENTUALLY BECOME OBSOLETE?

The answer is simple. The Accountant role will not become obsolete but will transit to a more strategic role by focusing on growth and better ways to invest and spend, by using accounting software/packages (like SAGE 50, QuickBooks. Tally ERP etc) for daily duties and real-time reporting.

Instead of hiring for manual, mundane processes, companies will focus on recruiting accountants for big picture responsibilities. It means that the accountant that does not understand how to use accounting packages will soon become OBSOLETE.

Companies will only employ Accountants who can analyse big data and provide real-time reporting with a technology and finance focus—not just manually entering invoices and processing paper checks.

I do tell my professional colleges that I am not going to wait till I get get obsolete but rather, I will be among the people that Will make manual Accounting works obsolete by learning almost all the Accounting software and packages. You can also make that decision today!

The big question is, WILL YOU BECOME OBSOLETE?

To get any of the practical training video for ACCOUNTING PACKAGES (SAGE 50, Tally ERP, Advance Excel, QuickBooks, Project Management)Call Starry Gold Academy on these numbers 08062761209, 07038409243 or chat the admin on 08062761209 via WhatsApp

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Take advantage of Starrygold Comprehensive Accounting Packages and be effective in your Accounting career.

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Why should I buy from starrygold when I can download the crack copies of those software free online and download free training videos on YouTube, don't deceive people Accounting as a profession will go obsolete in 10 years. ICAN won't want you to know that tho God forbid they stop raking in billions from those unfortunate fellows failing and retaking.