The future of accounting will seemingly rely heavily on the implementation and integration of high technology. While a lot of it is already in use, experts and research expect a bigger boom in 2021. Cloud-based systems, automating certain processes and figuring out how technology can help accountants better serve their clients are huge trends.
Not only that, but accountants are realizing that they need to expand their expertise in other areas of business in order to increase client satisfaction. That will also increase the need to hire, creating more jobs in 2021. Below are the accounting statistics and common themes coming the industry’s way in 2021.
The accounting industry has a lot going for it, but it also has a long way to go. Technology is already widely used; but with growing innovations in cloud-based technology and automation, accounting firms will have to get on board or risk falling behind. That’s not the only risk with advancing technology. Tons of jobs are at risk of being rendered useless once more tasks can be automated.
Technology is just one of the issues facing the industry. The advancement in that area is great and has come a long way, but the gender gap is still struggling. The numbers don’t even come close to where they should be, and the same goes for diversity and inclusion.
We can’t say whether or not you should get into the accounting industry; but with all of these statistics out in the open, you can say for yourself if it’s for you.