how artificial intelligence is(n’t) changing accounting

How severe is AI’s growing impact in accounting, the positive changes it brings and its shortfalls in service?

This article is by Xolo, which combines human support and AI tooling to serve the accounting needs of thousands of Estonian e-⁠resident businesses.

Does that mean your next accountant will be a robot? 

Likely not the case, but AI might still be a fresh addition to your accountant’s or accounting platform’s toolbox. 

But why not replace all accounting work with artificial intelligence? Because automation alone isn’t enough.

Modern accounting’s rapid AI transition

Accounting is as old as time, with practices dating back as far as money itself has existed. 

And it’s true. AI has been adopted by accounting service providers to solve problems like:

Bookkeepers, even in the modern age of ‘Everything AI, all the time, all at once,’ remain in an eye contact and firm handshake industry.

Accounting’s future: a harmony of human and bot

It’s important to remember:

While it may sound simple, know what you pay for and know that accounting services don’t have to break your bank.

Accounting is evolving faster than ever

Accountants themselves are among the most strategic, tech-savvy pros on the planet in today’s rapid digital evolution. 

Discover why thousands of solopreneurs choose Xolo to manage their accounting as e-⁠residents.