staying ahead requires adaptability and a focus on delivering value beyond the tasks that traditionally defined accounting.
quick tech talk
with steve yoss
cpe today
as technology advances at a breakneck speed, accountants must rethink how they add value to their clients and organizations.
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“back in the 50s, accounting was incredibly manual, requiring a virtual army to produce records,” yoss explains, highlighting the drastic evolution of the field. by the 80s, spreadsheets like visicalc and excel began to ease the burden. the 90s brought us small business accounting systems like quickbooks. today, automation and ai-driven solutions can perform low-value tasks—such as general bookkeeping, accounts payable, and more—with little oversight and near error-free execution.
while this automation improves efficiency and cuts costs, yoss warns that financial professionals cannot depend on traditional tasks to stay relevant. standard tax returns and bookkeeping can now be handled through automation, which raises a critical challenge: “as professionals, we need to find higher-value ways to engage with our clients.”
yoss also touches on the shrinking accounting profession, emphasizing that there are fewer accountants today than in previous years—a trend that is expected to continue. this talent gap and increasing regulatory and compliance demands make adopting new technologies like automation and ai essential to maintain service levels. without embracing these tools, financial professionals risk falling behind.
one response to “steve yoss: the big tech issues accountants need to follow today | quick tech talks”
kevin p young ea
steve, you are absolutely right. as one of those accounting professionals that began a career in manual books and ledgers, i have been blessed to have a career that has followed this evolution to this point of ai. i agree, for me the “exit” light has been illuminated and blinking for a couple of years.