Sonduren Fanarredha for Paylocity

How AI is transforming accounting

Once synonymous with spreadsheets and manual ledger entries, the accounting profession is undergoing a radical shift. Artificial intelligence (AI) is already reshaping industries like healthcare, logistics and financial management.

Initial fears that AI would eliminate accounting jobs overlooked its true potential. By automating repetitive tasks, AI allows accountants to focus on strategic, analytical, and advisory roles, making their work more engaging and impactful.

In fact, a recent survey conducted by Stanford Graduate School of Business researchers found that AI-powered tools shifted 8.5% of accountants’ time from data entry to higher-value strategic work like business communication and quality assurance.

Accou

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