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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

Some parts might need automation, but overall accounting jobs will still require a human being in order to properly do the task. It’s no longer a question of “will accounting be automated”, but more a question of “how much” 8 Benefits of Accounting Automation. 7) Real-Time Decision-Making.

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Vocabulary Guide

Accounting Seed

Billing / Accounts Receivable / Sales Invoice / Customer Invoice Textbook Definition A document detailing out what the customer owes with the sale of your services or products. Customer Credit Memo Textbook Definition A document detailing out what the customer returned or was given from the return of a prior sale.

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Future of Accounting: The 2022 Annual Guide

Ryan Lazanis

The interconnectedness of third-party software vendors and your accounting system allows data to flow seamlessly between each other, reducing manual data entry and errors. Artificial intelligence is able to quickly augment an accountant’s skills. Pull in sales pipeline data from Salesforce to forecast revenues.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

Technology is now instrumental to corporate accountants’ jobs, and to their efforts to overcome challenges like a lack of transparency and understanding of financial data. Artificial intelligence (AI) is expected to significantly disrupt the corporate accounting space.