5-minute read For years, accountants have done just fine in taking care of the finances of businesses, big and small. Our work, which is mostly comprised of keeping books, preparing tax returns and performing audits. This is, essentially, what accounting is about. But with time comes change. That applies to our roles as accountants, too. How we do our jobs has evolved over the years, along with the changing customer expectations. A big part of that evolution stems from the disruption caused by technology. With the prevalence of automation and artificial intelligence, accountants now have more time to work on tasks that generate more revenue. That’s because we don’t have to spend most of our days buried deep in paperwork or managing calls and emails. There are available accounting technologies that automate compliance tasks like obtaining and analysing financial data, generating reports, and even bookkeeping tasks. Additionally, new business models, like offshoring and outsourcing, have made it possible to improve productivity. You can now transfer small, repetitive tasks—email management, setting meetings, etc.—that are just as crucial to your business as other tasks to highly skilled professionals at the fraction of a cost. This shift is vital in the evolution of our roles as accountants. We are no longer number-crunchers. Taking into consideration all these changes, accountants can move to a more exciting and crucial role in a client’s business. Similarly, this change is important because failure to comply can lead to obsoleteness. The next obvious step is to become a consultant.