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Accounting and Bookkeeping Trends to Watch

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"Accounting and Bookkeeping Trends to Watch"

We've identified 7 key trends to watch, from cloud adoption, to accounts payable automation, and more. Download our guide to see them all.

We’re experiencing a shift in how we work. The accounting industry is being propelled by advancing technologies, an emerging remote workforce and a transition to new client-focused business services. While large financial corporations are using data science within their expert teams, small accounting and bookkeeping firms still remain resistant to taking their technology beyond Excel spreadsheets and manual data entry. A 2020 report from the American Accounting Association (AAA) analyzes this perceived opposition to technology. It points out that digital transformation isn’t solely a matter of cost-benefit analysis: This evolution requires an entirely new business model, processes, operations and even culture. However, it’s now necessary for accountants to facilitate and encourage this transition while easing the impact of associated challenges on their clients and team. Knowing which directions to take to remain competitive and relevant in the new era of financial services will take a keen eye, and Dext is here to help. Take a look at our top accountancy and bookkeeping trends to watch out for in 2023 and beyond. 

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