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Today’s accountants must not only be up to date on the latest tax regulations, but also understand accountingtechnology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? Today, technology has changed the accounting industry.
How is accounting automated? Accounting automation involves streamlining accounting processes and standardizing tax inputs and workflows using technology. At face-value, automating accounting can be a scary thought: robots can do it better? Improve firmvalue.
However, in light of the strained bandwidth sweeping the profession, firms may be wondering how they can effectively meet the growing list of needs. For many, the answer lies in technology. Upskilling is when an accountant broadens their existing skillsets to further advance their career. What is upskilling?
This industry is constantly evolving due to technological advancements. Businesses in the accounting and finance industry provide financial services to clients. This includes accountingfirms, financial advisory firms, bookkeeping services, and insurance companies.
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