Accounting professionals could be on the verge of becoming extinct... unless we do something about it...
Hector Garcia CPA
REFRAME Conference Host. QuickBooks Consultant specializing in Manufacturers with messy Inventory.
Historically, accountants have been the meticulous historians of commerce, guardians of financial accuracy, and masters of compliance. Our profession has long prided itself on impeccable record-keeping and the ability to recount business transactions with precision. But here's the looming question: What happens when artificial intelligence (AI) can do all that faster, better, and cheaper?
As AI rapidly evolves, it's not just enhancing our tools; it's threatening to replace the very core of traditional accounting practices. The industry's focus on the past is no longer sustainable. We are trained to report history, but not to speculate or advise on the future—capabilities where AI still lags behind human judgment.
The threat is real: AI can already categorize transactions and generate financial statements instantaneously. If 95% accuracy is sufficient for practical purposes, the extra 5% that professional accountants pride themselves on is becoming increasingly irrelevant to most business owners. What then? Do we become obsolete, or do we evolve?
Warning: If we do not change, we are at risk of becoming obsolete.
It's time to rebrand and reposition.
The future of accounting isn't just about maintaining records but about adding strategic value through foresight and innovative thinking. Accountants need to become proactive advisors who help clients navigate not only their present but also their future financial landscapes. We need to shift from being backward-looking to becoming forward-thinking strategists.
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Join us at the REFRAME Conference
If you're ready to be part of this new era, the REFRAME conference is where you need to be. Scheduled for October 16-19 in Hollywood, FL, this event is designed to transform our approach and redefine our roles in the accounting?profession. REFRAME is not just a conference; it's a transformative event that aims to move the profession to be sought after as the most creative, forward-looking, and innovative professionals in the business world.
At REFRAME, you can expect to:
Don't let the future pass you by. Join us to?REBRAND the?Accounting Profession together and save it from extinction. Register for REFRAME today and ensure you're part of the future of the accounting profession.
CEO & Co-Founder
2 个月I was "fortunate"(?) to live through 2 industries that were completely transformed by technology (travel and tax prep) - those companies and people that did the best, embraced innovation and technology and knew in their hearts and minds that at the end of the day it is people, and relationships, at the core of all businesses. There is no doubt that the accounting and finance industries have technology coming down the pike that will make them more efficient and effective - and that will enable these professionals to spend more quality time with clients who need them!
Bookkeeper & Accountant | Certified QuickBooks ProAdvisor | Wave Accounting Expert | Xero Expert | Assistant Tax Preparer
2 个月thank for sharing
Would love to go next year. We have some RR planned. Am sure it will be fantastic!
????Creating hands-on learning for accountants and bookkeepers! ??
2 个月I’m so excited! ??