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Abstract
The field of accounting is a very integral part of any organization, whether big or small. In today’s technology, it’s important for every industry to be updated on the latest innovations. Over the years, there is a lot of talk about the concept of AI (Artificial Intelligence) and its impact on society and profession. Now it has reached a stage where it can drastically change the way things work. From monotonous lower level routine work to decision making, artificial intelligence can speed up the process and deliver more accurate results. The term Artificial Intelligence is not new, but the adoption of technology in bookkeeping and accounting is still in its primary stages. Accounting hasn’t seen much innovation than any other Industry since the creation of Double Entry System (that was over 500 hundred year ago).