Much the same as each other field, Technology is assuming a significant job in Accounting as well. Bookkeeping is experiencing a great deal of changes and vulnerability with the propelling innovation assuming the key job and hence, Accountants and clerks should be very much aware of every single such pattern to remain a stride ahead in the advancing business. Financeonline.com reports, “90% of bookkeeping service provider feel that there is a social move in bookkeeping that inclines toward mechanical appropriation.”
Here’ how the innovation is changing the accounting & bookkeeping service business:
- AI Automation and Accounting
- The rising era of tech-age clients
- Social media platforms are becoming popular for Accountants
- Account and bookkeeping Outsourcing is becoming more popular
- Rising Competition due to the rising demand
- Data Analytics is becoming a core Accounting process
- Accounting and Blockchain
- Remote Working Teams
- Diversified Opportunities
- Rising need for Forensic Accountants
Source:- https://outbooks.co.uk/latest-thinking/accounting-and-technology-in-2020/
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