AI is changing the accounting profession by speeding up processes and improving their accuracy. Companies today automate processes with the help of AI, which lessens

mistakes and enhances productivity. With AI tools, as an accountant, you can process massive amounts of financial data in mere seconds. This enables accountants to devise

plans instead of dealing with monotonous manual functions. Here are 20 AI statistics in accounting that can help you to understand the recent landscape.

20 Statistics in Accounting You Should Know in 2025

1. 59% of accountants are using AI for email composition/ 36% use AI to automate workflows.

A large number of accountants rely on AI tools to make daily tasks easier. Over half of accountants use AI for composing emails.

2. AI in the accounting market is estimated to be worth USD 6.68 billion.

The AI market in accounting is rapidly expanding. By 2025, the market is projected to be valued at USD 6.68 billion. It is expected to grow significantly, reaching USD 37.60 billion by 2030.

3. 68% of tax and accounting firms believe generative AI could enhance tax work.

A recent survey by Thomson Reuters revealed that a majority of tax and accounting firms believe that generative AI tools, such as ChatGPT, could play a key role in improving tax-related tasks.

4. 85% of accountants still emphasize the importance of maintaining a human connection with clients.

Most accountants (85%) believe that direct interaction with clients is still crucial, even with the arrival of AI-powered applications.

5. Nearly 75% of tax professionals acknowledge that generative AI could be used for tax, accounting, and audit work

Most tax professionals (75%) believe generative AI can serve a purpose in tax, accounting, and auditing functions, but only 50% agree that it should be used that way. Right now, only 15% of firms are AI users or planners, while 73% are non-adopters.

6. More than a quarter (26%) of accounting and bookkeeping practices have already adopted AI technologies

AI adoption in accounting is on the rise. This figure is expected to double, reaching 52% in the next five years as more businesses recognize the benefits of AI.

7. 41% of financial services organizations are expected to achieve long-term AI adoption

Financial services organizations are leading the way in AI adoption. About 41% of these companies are expected to fully integrate AI over the next several years, reaching

long-term maturity in AI use by incorporating it into their operations for over seven years.

8. AI adoption in U.S. accounting is at 16%, according to Statista

AI is currently helping U.S. accountants automate repetitive tasks to increase efficiency. The adoption rate currently sits at 16%, which indicates that the integration of AI into accounting is still at the early stages.

9. 33% of fintech companies develop their own in-house AI technologies

It is clear that a large portion (33%) of fintech companies is developing proprietary AI solutions. This suggests that the fintech industry is significantly investing in AI technology to develop tailored approaches which, in turn, may support the accounting industry.

10. 44% of accountants stated that the usage of AI in their firms

The application of AI among accountants differs from individual to individual. The survey indicated that 44% of accountants stated AI was mandatory, while AI was optional according to 40% of respondents who stated it was a prerequisite of company policy and personal preference. Alongside this, 14% of respondents said their decision to

incorporate AI technology into their work was voluntary.

11. 98% agree that technology can help them and their clients overcome these challenges.

The QuickBooks survey highlights the importance of staying up to date with technological advancements in accounting. A vast majority of accountants (98%) have already used AI to assist clients, and most believe that technology can help mitigate the effects of inflation and other economic pressures.

12. 30% of tax and accounting firms are considering using generative AI tools

The adoption of generative AI tools is still in its early stages. While 30% of tax and accounting firms are considering using these tools, almost half (49%) have no plans to implement them shortly.

13. 71% of the respondents of a survey believe AI will bring about a significant change in their operations

AI is seen as a transformative force in accounting. According to a Karbon

Magazine report, 71% of respondents believe AI will have a major impact on their operations, reshaping how accounting tasks are performed in the future.

14. 82% of accountants are excited by AI, but only 25% are actively investing in AI training

Despite enthusiasm for AI’s promise among accountants (82%), only a quarter (25%) are training for AI. There is enthusiasm towards AI in general but very little toward integration into work.

15. 88% of accounting professionals believe AI will improve their working lives in the next three years

AI has the potential to reduce costs in the finance sector by approximately 16%. Furthermore, most accounting professionals (88%) believe that AI will improve their work experience in the next three years.

16. 22% of accounting firms said AI improved business operations

AI is improving efficiency among accounting firms. According to Sage, 22% of accounting firms said AI has helped improve business operations by automating tasks. Additionally, half of the accountants intend to implement automation solutions due to increasing client demands.

17. 71% of accountants anticipate substantial change in the industry through AI

The majority of accountants (71%) believe AI will significantly change the accounting industry. This shift is expected to revolutionize accounting practices, offering new

opportunities and ways of working.

18. AI adoption in the accounting sector is expected to grow at a rate of 30% annually from 2023 to 2028.

AI adoption in accounting is projected to grow rapidly. A Mordor Intelligence report estimates a 30% annual growth rate in AI adoption in the accounting

sector from 2023 to 2028, highlighting the accelerating pace of change.

19. Advanced AI users save 71% more time than beginners

As AI adoption gets fully integrated into businesses, AI utilization in accounting is projected to increase significantly. A Mordor Intelligence report claims that AI integration in accounting will grow at 30% per annum between the years 2023 and 2028.

20. 69% of accountants believe AI has a positive impact on the profession

AI is viewed favorably by many accountants. Around 69% of accountants believe AI has a positive impact on the profession, enhancing efficiency and productivity while providing new growth opportunities.

Sectors of Accounting Where AI Can Be Used

1. Bookkeeping

Bookkeeping is a tedious job that includes data entry as well as maintaining accounts, which is very time-consuming. AI performs data entry into databases and also

categorizes expenses accurately and auto categorizes items accordingly.

Example: Receipt capturing, which is done by software such as QuickBooks and Xero, automatically captures the particulars from receipts and enters them into the system.

2. Auditing

Auditing ensures the correctness and compliance of financial records with the governing statutes. Checking compliance with regulations is a lengthy process that uses a lot of time. AI can analyze enormous data sets for computation rapidly and without bias to detect fraud and inaccuracies.

Example: AI can sift through thousands of invoices to detect duplicate payments for certain services or irregular transactions done over a period. AI ensures that mistakes petrify them into oversized errors are prevented.

3. Tax Preparation

Like any other accounting task, tax estimation also necessitates financial data collection and analysis. AI assists in calculating taxes payable, possible deductions, and relevant

compliance measures (laws and regulations).

Example: AI tax software, e.g., TurboTax, scrutinizes record books to ensure financial documents are recorded accurately and complete tax returns.

4. Payroll Processing

This area involves the computation of salaries, tax, and other related compensations for the employees in an organization. AI does ensure that accuracy is maintained in work that involves calculations by automating these tasks.

Example: AI automates time keeping to pay generation; time charged by employees is monitored, and salaries are paid by prescribed terms.

5. Financial Forecasting

AI assists businesses in predicting their future income by reviewing past financial data. AI is able to find some patterns and trends which a human might miss.

Example: Studying past sales helps AI to make forecasts for the next quarter. Companies are able to plan budgets and invest well on the basis of AI analyses.

6. Expense Management

Going through expenses manually comes with a high risk of errors and overspending. AI keeps monitoring expenses and gives valuable information regarding spending patterns which would otherwise be missed in manual tracking.

Example: AI gives warnings to managers whenever a department is about to exceed its budget. Managers are able to take action before the spending gets too high.

7. Compliance & Risk Management

Businesses are required to abide by the rules and laws of finance for legal reasons. AI

enables companies to remain compliant by going through reports and spotting risks and reporting on them.

Example: An AI scans the financial statements of the company to check whether the statements have been prepared according to the tax laws and other rules to avoid unnecessary penalties.

Benefits of Using AI for Accounting

1. Enhanced speed and efficiency in completing repetitive tasks

AI is capable of automating a range of tedious accounting activities such as data entry, invoice processing, and reconciliation, all of which AI can perform faster. This enables accountants to spend their time formulating business strategies instead. On top of that,

automation reduces errors due to human oversight, which leads to accurate record-keeping.

2. Improved accuracy and minimized human errors

Accounting tasks that are done manually will almost always have human errors. This can lead to problems in financial records. AI systems can conduct incisive multi-step

analysis within enormous data sets, dramatically reducing risk. They also often mitigate mistakes by flagging suspicious data or inconsistencies, which enhances financial precision.

3. Up-to-date insights on finances 24/7 for better decision-making

A remarkable advantage that comes alongside AI accounting software is that they are able to analyze and process financial data as they receive it. This ensures that when

business owners or finance teams need to access insights on the business’s financial state, they’re able to receive real-time information, enabling timely decision-making.

4. Detecting Fraud and Managing Risk

AI can trace unusual spending patterns, fraudulent activities, and financial crimes. By doing historical data analysis, AI can help businesses mitigate risks and enhance

compliance by flagging suspicious transaction patterns.

5. Saving Costs

Accounting AI cuts down the amount of manual labor required, resulting in significant cost benefits. Businesses are able to allocate fewer resources towards their finances

while still achieving optimal results. In addition, AI tools can analyze spending behavior and identify areas where money can be saved.

6. Enhanced Compliance and Tax Through AI

Accounting software that integrates AI is capable of keeping a business compliant with the ever-changing tax legislation by automating tax calculations, filing deadlines, and tracking changes in policies in real time. This aids in preventing costly fees while keeping businesses compliant within the growing change of law.

7. Predictive Analytics for Improved Decision Making

AI has the ability to evaluate business financial activities and create credible projections for the future, aiding in strategic business decisions and financial planning. Predicting cash flows, growth rate in revenue, and business expenditures assists in planning and making financial strategies.

8. Automated Accounting Tools Integrate With Other Business Instruments

Today’s AI-driven accounting systems can readily integrate with other business

applications like ERP systems, payroll applications, and even CRM software. This allows for better data flow and increases productivity.

9. Adaptability for Expanding Companies

AI-driven accounting tools are extremely adaptable, making them ideal for

organizations of any scale. Be it a small startup or a large corporation, AI will meet their evolving financial requirements with little manual effort.

Conclusion

AI is reshaping the accounting landscape by enhancing efficiency, reducing errors, and providing valuable financial insights. As AI technology continues to evolve, businesses that integrate AI into their accounting processes will gain a competitive advantage.