{"id":14635,"date":"2025-03-07T11:01:40","date_gmt":"2025-03-07T08:01:40","guid":{"rendered":"https:\/\/grow.ee\/?p=14635"},"modified":"2025-11-07T12:09:29","modified_gmt":"2025-11-07T09:09:29","slug":"will-ai-take-over-accounting","status":"publish","type":"post","link":"https:\/\/grow.ee\/en\/kas-ai-votab-raamatupidamise-ule\/","title":{"rendered":"When will artificial intelligence, or AI, take over accounting?"},"content":{"rendered":"<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1059702289\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2248\" height=\"1265\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo.jpg\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo.jpg 2248w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-300x169.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-720x405.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-768x432.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-1536x864.jpg 1536w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-2048x1152.jpg 2048w, https:\/\/grow.ee\/wp-content\/uploads\/2025\/03\/Ulvi-Tallo-18x10.jpg 18w\" sizes=\"auto, (max-width: 2248px) 100vw, 2248px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1059702289 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n<p style=\"text-align: right;\" data-line-height=\"xs\" data-padding=\"5px\"><em><br \/>Image author: photographer <strong>Raul Mee<\/strong>\/ Business News AS<\/em><\/p>\n<p>\u00a0<\/p>\n<p><span data-contrast=\"auto\"><strong><em>When will artificial intelligence, or AI, take over accounting?<\/em> <\/strong><em>Grow Finance partner Ulvi Tallo discusses this intriguing idea.<\/em><br \/><\/span><\/p>\n<p data-start=\"207\" data-end=\"389\">I&#039;ve been hearing more and more lately that accounting will be one of the first areas to be taken over by AI. This possibility was raised by ChatGPT, but Copilot disagreed.<\/p>\n<p data-start=\"391\" data-end=\"717\">In Estonia there is <a href=\"https:\/\/grow.ee\/en\/services\/accounting\/\">accounting<\/a> has reached the final stretch of digitalization, with over 90% of processes being digital. This means that digitalization is almost complete. The next big challenge, however, is automation and the wider adoption of artificial intelligence, which will allow for new levels of efficiency and accuracy.<\/p>\n<p data-start=\"719\" data-end=\"963\">What do the most progressive people in the international market think about this? <a href=\"https:\/\/grow.ee\/en\/another-accountant-is-infallible\/\">accountants<\/a>? Will AI eventually replace accountants and accounting firms? AI can certainly perform many assistant tasks, but it will not replace the chief accountant anytime soon.<\/p>\n<p data-start=\"965\" data-end=\"1429\">What is certain is that accountants and accounting firms need to understand both AI and automation to do their jobs as efficiently as possible. Many similar and repetitive accounting functions can be automated using artificial intelligence. However, there are several good reasons why it is unlikely that AI will be able to fully replace the accountant \u2013 mainly because being a successful accountant requires human skills and judgment.<\/p>\n<h3 data-start=\"1431\" data-end=\"1452\">Accounting<\/h3>\n<p data-start=\"1454\" data-end=\"1642\">Artificial intelligence is exceptionally adept at performing repetitive and process-based accounting tasks. It can process data in a fraction of the time and with greater accuracy than a human could ever do.<\/p>\n<p data-start=\"1644\" data-end=\"1863\">However, AI cannot replace jobs that require human judgment and contextual awareness. For example, AI can help <a href=\"https:\/\/grow.ee\/en\/services\/financial-manager-service\/\">financial analyst<\/a> forecast revenues and expenses using historical data and reasonable assumptions.<\/p>\n<p data-start=\"1865\" data-end=\"2221\">There is a discussion in Estonia about whether all companies would exchange <a href=\"https:\/\/grow.ee\/en\/mandatory-requirements-for-invoices-2\/\">e-invoices<\/a>, all the information on the invoice being sent could be automatically placed in the correct records in the recipient&#039;s system. In most cases, this is possible, but not always, because different companies consume products and services very differently. Therefore, transactions with differences cannot be fully automated.<\/p>\n<p data-start=\"2223\" data-end=\"2346\">So, while AI is a useful tool, it cannot replace the analytical and strategic thinking of an experienced accountant.<\/p>\n<h3 data-start=\"2348\" data-end=\"2361\">Analysis<\/h3>\n<p data-start=\"2363\" data-end=\"2567\">Artificial intelligence and accountants are both strong in the quantitative aspect of accounting. AI is usually faster, cheaper, and more accurate, providing more efficient solutions in data processing and analysis.<\/p>\n<p data-start=\"2569\" data-end=\"2590\">But AI lacks:<\/p>\n<ul data-start=\"2591\" data-end=\"2806\">\n<li data-start=\"2591\" data-end=\"2663\">intuition that helps to spot hidden financial risks or opportunities,<\/li>\n<li data-start=\"2664\" data-end=\"2714\">empathy to understand customers&#039; expectations and fears,<\/li>\n<li data-start=\"2715\" data-end=\"2806\">contextual awareness to take into account economic, political and legal factors.<\/li>\n<\/ul>\n<p data-start=\"2808\" data-end=\"2918\">These qualities make the role of accountants indispensable, especially in strategic and advisory roles.<\/p>\n<h3 data-start=\"2920\" data-end=\"2950\">Human factor and trust<\/h3>\n<p data-start=\"2952\" data-end=\"3057\">In addition to quantitative and qualitative analysis, the human factor is an important part of accountants&#039; work.<\/p>\n<p data-start=\"3059\" data-end=\"3131\">Businesses need trusted financial experts and advisors who:<\/p>\n<ul data-start=\"3132\" data-end=\"3261\">\n<li data-start=\"3132\" data-end=\"3173\">understand their vision and goals,<\/li>\n<li data-start=\"3174\" data-end=\"3211\">offer personal advice and support,<\/li>\n<li data-start=\"3212\" data-end=\"3261\">build long-term and trusting relationships.<\/li>\n<\/ul>\n<p data-start=\"3263\" data-end=\"3505\">No AI can replace human interaction, empathy, and trust, which are the foundation of accounting and <a href=\"https:\/\/grow.ee\/en\/when-to-consider-involving-a-cfo\/\">financial advice<\/a> Ultimately, there must be a human being who guides the work of AI, ensuring the accuracy, verifiability, security, and manageability of the results.<\/p>\n<h3 data-start=\"3507\" data-end=\"3583\">Conclusion: AI complements, not replaces, accountants and analysts<\/h3>\n<p data-start=\"3585\" data-end=\"3867\">AI will automate many routine accounting tasks over time, but it will not replace humans. Instead, AI will allow accountants to focus on strategic, advisory, and interpretive tasks that create greater value for businesses and clients.<\/p>\n<p data-start=\"3869\" data-end=\"4023\">So accountants don&#039;t have to fear AI - rather, artificial intelligence can become their inseparable partner, increasing work efficiency and the value they provide.<\/p>\n<p><span data-contrast=\"auto\">\u00a0<\/span><\/p>\n<div class=\"row\"  id=\"row-139091648\">\n\n\n\t<div id=\"col-739785523\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<div class=\"message-box relative dark\" style=\"padding-top:15px;padding-bottom:15px;\"><div class=\"message-box-bg-image bg-fill fill\" ><\/div><div class=\"message-box-bg-overlay bg-fill fill\" style=\"background-color:rgb(27, 26, 70);\"><\/div><div class=\"container relative\"><div class=\"inner last-reset\">\n\n<div class=\"row\"  id=\"row-193789567\">\n\n\n\t<div id=\"col-266823450\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2>Talk to our financial expert<\/h2>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2055918691\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/grow.ee\/en\/contact-us\/\" class=\"button alert\" style=\"border-radius:8px;\">\n\t\t<span>CONTACT US<\/span>\n\t<\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n<\/div><\/div><\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\n  \n    <div class=\"row large-columns-3 medium-columns-1 small-columns-1 slider row-slider slider-nav-reveal slider-nav-push\"  data-flickity-options='{&quot;imagesLoaded&quot;: true, &quot;groupCells&quot;: &quot;100%&quot;, &quot;dragThreshold&quot; : 5, &quot;cellAlign&quot;: &quot;left&quot;,&quot;wrapAround&quot;: true,&quot;prevNextButtons&quot;: true,&quot;percentPosition&quot;: true,&quot;pageDots&quot;: false, &quot;rightToLeft&quot;: false, &quot;autoPlay&quot; : false}' >\n\n  <div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/juhi-kaugtood-valismaalt\/\" class=\"plain\" aria-label=\"Manage remote work from abroad \u2013 prevent the emergence of a permanent location with these tips!\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"164\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-300x164.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-300x164.png 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-720x393.png 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-768x419.png 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-18x10.png 18w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine.png 1408w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/juhi-kaugtood-valismaalt\/\" class=\"plain\">Manage remote work from abroad \u2013 prevent the emergence of a permanent location with these tips!<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">27\/03\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tRemote work for a driver from abroad is not just a convenience - read how to drive smartly and avoid tax risks.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/raagi-raamatupidajaga-valdi-lisakulusid\/\" class=\"plain\" aria-label=\"Talk to an accountant \u2013 avoid additional costs\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-300x169.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-300x169.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-720x405.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-768x432.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-1536x864.jpg 1536w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-2048x1152.jpg 2048w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-18x10.jpg 18w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/raagi-raamatupidajaga-valdi-lisakulusid\/\" class=\"plain\">Talk to an accountant \u2013 avoid additional costs<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">27\/02\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tEarly communication with an accountant will help avoid surprises and find better solutions for your business.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/kuidas-valtida-topeltmaksustamist\/\" class=\"plain\" aria-label=\"How to avoid double taxation if the holding is less than 10%?\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-300x169.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-300x169.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-720x405.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-768x432.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-1536x864.jpg 1536w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-18x10.jpg 18w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine.jpg 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/kuidas-valtida-topeltmaksustamist\/\" class=\"plain\">How to avoid double taxation if the holding is less than 10%?<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">17\/02\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tDividends received from an Estonian company with a holding of less than 101% may result in double taxation.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Will AI take over accounting? Artificial intelligence is working wonders with numbers, but does that mean accountants will be left behind?<\/p>","protected":false},"author":24,"featured_media":14638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82,7],"tags":[],"class_list":["post-14635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ettevotlus","category-raamatupidamine"],"_links":{"self":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/comments?post=14635"}],"version-history":[{"count":13,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14635\/revisions"}],"predecessor-version":[{"id":15126,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14635\/revisions\/15126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/media\/14638"}],"wp:attachment":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/media?parent=14635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/categories?post=14635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/tags?post=14635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}