How Technology in Accounting is Transforming the Industry

The role of technology in accounting has been steadily evolving over time but has taken a giant leap forward since the pandemic forced US office workers to do their jobs remotely. Technology has now made its way into every facet of accounting and shows no signs of slowing. 

People working at a computer over business documents with an overlay of sample charts and graphs

In fact, the adoption of technology seems to be quickening across the board among consulting accountants, for-profit companies, nonprofit organizations, and the government alike. (Yes, even the IRS is now using video visits to oversee tax preparers!)

In an interview with Accounting Today Twyla Verhelst, head of the FreshBooks Accounting Partner Program, explained, ​

I've heard it said that the last 30 years of technology and accounting have been taking what accountants used to do on paper and digitizing it. This is a very broad oversimplification of the advance of technology over 30 years, but I think there's some truth to it… Now, of late, we're starting to move away from that and move to creating new things based on what the technology can do as opposed to recreating what paper could do.

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