Business Trends

QuickBooks Replaced the Bookkeeper What will Replace the Accountant

QuickBooks Replaced the Bookkeeper What will Replace the Accountant. The near future will be digitized where AI will determine what is income or expense

QuickBooks Replaced the Bookkeeper What will Replace the Accountant

QuickBooks Replaced the Bookkeeper What will Replace the Accountant. The near future will be digitized where AI will determine what is income or expense

Technology and change are Good, Right? QuickBooks Replaced the Bookkeeper. Business is experiencing more change and upheaval now than at any other point in its history. That may be good for profits, but these advances in technology are not just affecting our business life, they are also affecting our personal life. Experienced employees cannot keep up and are becoming obsolete. Some can reinvent themselves; some are forced to lower their lifestyles and change jobs or worse.

What is more, the changes will not be slowing down any time soon. In fact, they are getting faster and faster every day. And they have not been brought about by war, famine, or political upheaval, but by a phenomenon, we have never seen before: the internet. 

Most importantly, the fact that the internet and software like QuickBooks Replaced the Bookkeeper can leverage our visibility offers huge opportunities. We can now compete not just against other accountants in our local town, but also against companies who offer slightly different or related, services around the world for pennies on the dollar.

 Within the accounting profession, QuickBooks Replaced the Bookkeeper, while apps and other technology are having the manual work accountants need to carry out. However, at the same time the apps, along with other automated platforms while enabling accounting practices to deliver excellent service, which also requires fewer accountants to do it with.

The Zero-Touch World as coined by Forbes magazine will change all our lives. We are moving in the direction of Zero-Touch Sales, Zero-Touch Products, Zero-Touch Customer Service, Zero-Touch User Interfaces (facial recognition), Zero-Touch Tax Returns.

Yes, Zero-Touch Tax Returns. If you have not noticed, governments through the use of technology, are eliminating the need for cash. We will soon live in a completely digitized world where every transaction will be cataloged and determined as income or a deductible expense. The IRS will know before you do, how much you owe before you go see your accountant. You will not need an accountant.

There is a war going on right now between Congress and Bit-Coin operators. Why the government cannot track Bit-Coin transactions due to its technology. I am all for paying our fair share of taxes. But I am against the government knowing every minute detail of my life.

Technology slowly replaced the bookkeeper will eventually replace the accountant. When technology becomes aware and we reach the age of Artificial Intelligence, what will happen to those folks who create today’s technology? They will be replaced of course.

According to Forbes, the following 20 jobs will be eliminated due to technology. Click this link to read the reasons for each one.

  • Farmers, Ranchers, and Other Agricultural Managers
  • Postal Service Mail Sorters, Carriers and Clerks
  • Sewing Machine Operators
  • Switchboard Operators
  • Fast Food Cooks
  • Agricultural Workers
  • Data Entry Keyers
  • Word Processors and Typists
  • Door-to-Door Sales Workers and News and Street Vendors
  • Food Service Managers
  • Electrical and Electronic Equipment Assemblers
  • File Clerks
  • Prepress Technicians and Workers
  • Computer Operators
  • Postmasters and Mail Superintendents
  • Office Machine Operators
  • Pressers, Textile, Garment, and Related Materials
  • Florists
  • Petroleum Pump System Operators, Refinery Operators, and Gaugers
  • Loan Interviewers and Clerks

Maybe it’s time to go back to college and do try something different.

What will Replace the Accountant

Zero-Touch Tax Returns. If you have not noticed, governments through the use of technology, are eliminating the need for cash. We will soon live in a completely digitized world where every transaction will be catalogued and determined as income or a deductible expense. The IRS will know before you do, how much you owe before you go see your accountant. You will not need an accountant.
Facebook
Twitter
LinkedIn

Welcome to the Gutenberg Editor

The goal of this new editor is to make adding rich content to WordPress simple and enjoyable. This whole post is composed of pieces of content—somewhat similar to LEGO bricks—that you can move around and interact with. Move your cursor around and you’ll notice the different blocks light up with outlines and arrows. Press the

Read More »

This post was last modified on December 11, 2020 2:37 PM

Gustavo Viera

Gustavo A Viera is the managing partner of Accountants in Miami. His experience spans more than 35 years. He started his career in public accounting at the Big 4 CPA Firm of PriceWaterHouseCoopers where reached the level of senior audit manager. His Fortune 500 experience includes positions as CFO - Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His office is located at 8950 SW 74 Court Suite 2201 – Miami, FL 33156 and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at 305-431-2601.

Leave a Comment
Share
Published by

Recent Posts

Welcome to the Gutenberg Editor

Of Mountains & Printing Presses The goal of this new editor is to make adding…

1 year ago

How to Increase Profit Margins Through Virtual CFO Services

How to Increase Profit Margins Through Virtual CFO Services

2 years ago

Great Accounting Firms Share These 10 Traits

Great Accounting Firms Share These 10 Traits which has gone far beyond the paper-pushing days…

3 years ago

Tax Accountant in Miami Cope with IRS Tax Season Delay

Tax Accountant said IRS delays start of tax season for individual returns would be postponed…

3 years ago

Miami Accountants Philosophy of Up or Out

Its up or out for Miami Accountants firms are faced with the dilemma of keeping…

3 years ago

Contadores en Miami Explican Auditorías del IRS

Contadores en Miami, Gustavo A Viera CPA, explica los pasos de una auditoría, desde la…

3 years ago

This website uses cookies.