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Showing posts from January, 2021

11 Accounting Trends to be prepared for 2021

11 Accounting Trends to be prepared for 2021 Automated Accounting The automation of the accounting process is becoming more important from year to year. Especially in 2021. More than 50% of Accounting experts are looking forward to automated accounting systems to develop within the coming years. Automation solutions will empower in-house accountants. Cloud-based accounting Cloud technology is very popular among accounting companies. About 67% of accounting professionals think cloud-based solutions make their work easier. Remote work setting Since many employees used to work from home due to pandemic remote work settings became an important feature. The accountant unemployment rate is lower than 2.0%. Accounting leaders understood the practical benefits that a remote work setting gives. Role of AI About 66% of accountants are willing to invest in Artificial Intelligence . AI is becoming exponentially important in optimizing accounting processes and admin tasks. Rise of accounting softwa