Will AI replace accountants?

Updated

Accountants score 60 of 100 for AI exposure. The largest share of their task time, 74%, is work AI speeds up while they stay in charge. AI can take over 20% outright, and 6% stays with people.

  • 20% AI can do it
  • 74% AI helps
  • 6% Needs a person
600100

High exposure

Higher than 91% of the 923 occupations we scored.

Task by task

We graded 29 tasks, listed here from most to least exposed. AI can do 6 of them today, speeds up 21 and leaves 2 to people.

TaskAI exposure
Process invoices for payment. Invoice data capture and matching is highly routine digital work.85% AI can do it
Review accounts for discrepancies and reconcile differences. Reconciliation is pattern matching across ledgers; highly automatable today.72% AI can do it
Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards. Core digital task; AI checks accuracy and conformance to standards quickly.70% AI can do it
Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs. Budget variance reports are routine calculations; AI drafts commentary.68% AI can do it
Prepare adjusting journal entries. Entries follow rules from known data; AI drafts, accountant approves.65% AI can do it
Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements. Return preparation is largely routine with tax software; professional reviews.65% AI can do it
Prepare detailed reports on audit findings. AI drafts findings reports; auditor judges and signs off.60% AI helps
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies. AI can scan records for anomalies; auditor investigates flagged items.60% AI helps
Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning. AI speeds verification and drafting; accountants must sign off accuracy.60% AI helps
Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws. Payroll compliance checks are rule based and record heavy, AI suited.60% AI helps
Show the other 19 tasks
TaskAI exposure
Establish tables of accounts and assign entries to proper accounts. Account structure design needs judgment; AI can map entries to accounts.58% AI helps
Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures. Reviewing balances and flagging anomalies is strong AI work; judgment remains.58% AI helps
Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions. AI can check records against procedures; auditor judges system efficiency.55% AI helps
Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice. AI can model trends and forecasts; leadership judges business assumptions.55% AI helps
Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology. AI helps design and code systems; accountable staff govern changes.55% AI helps
Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets. Tax calculations are formula heavy; AI assists, professional signs liability.55% AI helps
Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity. AI can test controls and flag gaps; auditor recommends changes.50% AI helps
Report to management regarding the finances of establishment. Management reporting is mostly drafting and summarizing; accountant is responsible for conclusions.50% AI helps
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities. Advice on asset use needs judgment; AI drafts supporting analysis.45% AI helps
Conduct pre-implementation audits to determine if systems and programs under development will work as planned. AI can help generate test cases; auditor judges if systems work.45% AI helps
Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office. On site audits need people present; desk reviews are AI assisted.40% AI helps
Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations. Interviews need people; AI can review records for compliance gaps.35% AI helps
Supervise auditing of establishments, and determine scope of investigation required. Scoping and supervising audits relies on experienced judgment and people management.30% AI helps
Examine inventory to verify journal and ledger entries. Physical inventory counts need staff on site; ledger checks are digital.30% AI helps
Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives. Judging whether objectives are understood needs interviews and judgment.30% AI helps
Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans. Client advice needs relationship and judgment; AI drafts planning options.30% AI helps
Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate. Physical cash counts need someone present; document checks AI assisted.22% AI helps
Confer with company officials about financial and regulatory matters. Live conversations with officials are human led; AI only preps.18% Needs a person
Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records. Supervising staff is a people task; AI helps only with scheduling.18% Needs a person

See what AI can take on across a finance team

How accountants compare

All occupations (923)

Business and financial operations (48)

Accountants score 60, marked by the dark line. Each dot is a score, darker where more occupations share it. The short marks show the averages, 37 for all occupations and 55 for business and financial operations.

Pay and outlook in the US

Median pay
$83,680 a year, May 2025
People employed
1.4 million in the US, May 2025
Projected change in jobs
+5.0% from 2024 to 2034

Skills to build

  • Hold a CPA licence and sign off on financial statements
  • Approve adjusting journal entries drafted in QuickBooks
  • Run reconciliation workflows in Alteryx software
  • Count cash and inspect securities on site
  • Scope audits and direct staff on engagements

Safer roles nearby

5 related occupations with lower scores.

Questions about accountants and AI

Will accounting be replaced by AI?

Partly. About 5 in 10 working hours go to tasks AI can already do, chiefly invoice processing and account reconciliation. What stays with people is signing off statements, judging what the numbers mean, and answering for the result.

Will AI take over accounting?

AI can already do 20% of the task time in accounting and speeds up another 74%. People still do 6% of it. The US has 1.4 million accountant jobs, with a projected change of +5.0% from 2024 to 2034.

Which accounting tasks is AI taking over?

Invoice processing scores 85 on exposure, the highest of any task, because capturing invoice data and matching it to ledger records is routine digital work. Account reconciliation scores 72, since spotting differences across ledgers is pattern matching that AI does quickly.

Which accounting tasks stay with humans?

Conferring with company officials on financial and regulatory matters scores 18, because people lead the live conversation and AI only prepares the briefing. Directing staff who file and compile records also scores 18. Physical cash counts score 22 because someone has to be on site.

How can accountants stay valuable?

Move your hours toward review, sign-off, and on-site work. Check the adjusting entries drafted in QuickBooks before posting, and take responsibility for the reconciliation exceptions AI flags. Count cash and inspect inventory yourself, and keep the CPA licence that lets you sign statements.

Next steps for accountants

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