It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing lawyers. As threatening as this sounds to professionals with many years of education and experience invested in a single field of expertise, the phenomenon of new technologies disrupting the workforce isn't a new concept.
With such a radical technology disruption, there's always the same cycle of debate: outrage, denial, compromise, and defeat. Ironically, accountants are instrumental in consulting with software developers to create the very technology that will replace them.
About Jonathan Poston
Jonathan Poston directs business development for BooksSetup.com, a virtual online accounting software set-up service for entrepreneurs on the move. It helps entrepreneurs choose the best accounting software for startups, then support its set-up and management.