Accountants can be expensive, especially if your books are messy, or have poor accounting practices from the start.
Systems like quickbooks, hubspot, payment processors all have tiers where yes on paper they make it easy to properly setup good accounting practices, but you’ll spend an additional 500/month+ to get those features.
Hiring an accountant to clean up the books and do quarterly book keeping is equally as expensive if not more.
Especially for small service based businesses, where margins can be tight, revenue can fluctuate heavily MoM, committing an additional $6k+ per year just to keep books organized is non-trivial.
As an experiment, i gave all our finance data for 2025 to an agent, and it did quite well after spot checking. There may be a middle ground where users can do exports, verify with “real” software, and have agents handle contextual classification to considerably cut down costs
If you think a good accountant is expensive try seeing what a bad one will cost you.
I dont think they are expensive. I pay 150 eur/month for closing books and payroll with 3 employees. My accountant offered to do the bookkeeping as well for 250 extra. Its a pain to do but not 250 eur pain so I do it myself
Accountants could use AI themselves. Their customers will probably demand lower prices or just ditch them to automate it. It is a bit sad if AI disrupts this field, because it seems like a cooperative strength of humans to organize this synergy.
On the other hand I wonder if it will reveal the downsides of AI at a larger scale. Small businesses will have much lower tolerance for LLM inefficiencies. If it doesn't save time/pain it's just not worth it.