Is Automation Eliminating Bookkeepers??
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- čas přidán 23. 05. 2019
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AJ Stockwell is the owner of Learn Bookkeeping Today LLC and Climb CFO LLC. He is a small business accounting and finance expert with a passion for sharing high-quality informative content for:
-Bookkeepers and aspiring bookkeepers or college students who are considering a career in accounting or starting their own bookkeeping business.
-Business owners who want to better understand their numbers or improve their accounting processes and controls.
-CPAs who are looking to bring even more value to their clients and streamline/update their processes.
What sets me apart is the fact that I have been in the shoes of all 3 of these groups. This channel is going to explore a wide variety of topics related to these areas.
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Good points! This is an interesting topic. I can't wait to hear more about exactly how to add that higher level value to clients. Thanks!
Advising, advising, advising!!! Thanks for the information!!
great video! well said. thank you!
Soft skills are important
Do people still prepare taxes? Yes
Like my wife tells people all the time: Turbo Tax and software like it is only as good as the answers you give it.
Same with any "automation".
I have been thinking a lot about this topic. Do you think that one could get by with only an associates degree in Accounting, or should they stay in school and get a bachelor's degree? I am worried that bookkeeping will become increasingly automated and there will only be a need for cpa's and accountants? I would love to hear your thoughts!!
Does your course offer a “How to find clients” portion or just the “How to use Quickbooks” piece?
Hi Sam, thanks for your question. I'm actually working on a new course right now that will be more comprehensive and focused on bookkeeping and building a bookkeeping business to go along with my existing course which is primarily focused on the QuickBooks software. Make sure you're signed up for my email list so you hear when that course goes on pre-sale!
So what are the automation options for small business? Is there automation available? I work at large public university and we recently worked with Robotic Process Automation to process data entry. I would like to know any company or software that has automation for small business.
If all journal entries are done by the machine, will the bookkeeper still be checking on all transactions and make sure the machine did them correctly
Increase the VOLUME
I HATE ACCOUNTING
Still think this?
So far! We'll see how the next couple years of AI advancement go, though.
but why would people hire a bookkeeper to do the analytical stuff ($80 an hour???) instead of CPA once the bookkeeping is all automated? you sound just like the folks who are also defending their CPA careers. They're all going to very downsized like bank tellers - still needed, but just one or two at each branch instead of 10+ at a branch decades ago
CPA's will always be needed - bookkeeping Software will do the rest. 5 yrs? min 10 yrs perhaps. for full implementation
@@stevemyers2092 you mean just external auditing, right? CPAs doing other stuff will also be automated?
3 years later and your "doomsday" prediction is still wrong. AI is still not comparable to human talent.
@@jaco9286 LOL when did i say in three years time? do you choose a career to stay in it for three years? try 10-20 years