What everybody ought to know about Accounting and A.I.

Accounting is an integral part of all kinds of business operations since ancient times. As technology evolved, so has accounting, and now Artificial Intelligence (A.I) is slowly becoming the part of the accounting process. Accounting profession and A.I have started going hand in hand. A. I have reduced the workload of accountants and has paved the way for accounting professionals to be more productive and efficient. In the earlier days, computers were used to store a large quantity of data and perform simple calculations to arrive at the profit or loss position of a firm. Nowadays, machine learning has been elevated to derive useful information from a large amount of data and generate reports needed by the accountants.