Why are there still humans doing accounting work?
It seems like accounting rules are straightforward enough to be programmed in without any ML/AI. Maybe just have someone review the results to cover the gray areas? Is it that there are not enough accountant programmer hybrids? Don't CPAs cost a ton?
Easy, there’s bigger fish to fry... for now.
Also the sheer volume of small businesses and large corporations who are set in their ways.
Don't CPAs cost a ton?
Yeah, the problem is the lack of devs with experience in a domain outside of coding.
At my previous company, my teams project was to build a data pipeline between 2 websites that the accountants used to automate their work away. It’s coming, it’s just a matter of when.
Between ever changing tax laws, tariffs, and the ability to judge monthly numbers since most public companies report quarterly, you would need an army of devs. Good luck.
CPA’s real purpose is to have someone to take the fall when the IRS audits you
To poke holes and let you evade tax laws.
Accounting is absolutely not straight forward, some of it can be and is automated, other aspects require human presence for now.
I dont think accounting is as straightforward as you think. There's lots of ambiguity.
They need "creative accounting"
AP and AR are usually straight forward. Staff accountants shouldn't exist anywhere.
Interesting question I have wondered the same thing multiple times