What are the key accounting trends to watch in 2022

New technology is the big one when it comes to bookkeeping and accounting. The shift to digital transformation has accelerated during COVID and changes to remote working practices.

The growth opportunity for auditors has also increased, showing that during the pandemic that from a business perspective, those businesses had to become increasingly accountable, not just for their finances but for the sustainability of their operations.

Consumer demand increased during this time and many businesses had to adopt changing working practices.

Artificial Intelligence (AI) has completely changed the face of accounting operations, it has helped reduce errors, optimised workflows, whilst still assisting with real-time business decisions based on data driven insights. Demand for AI based accounting software has increased, due to the rise of digital payments, fuelled by the pandemic over the last few years.

Lastly is cryptocurrency, though still in its infancy, and increasing number of agents are adding this to their skillset. The demand for cryptocurrency services is growing rapidly and expertise in this area is niche. Presenting a significant market opportunity for accountants to seize.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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