3 Accounting Tech Trends to Watch for in 2025

Not too long from now, in the year 2025, we hope all correctional problems and issues that the accounting society faces will finally be resolved (or at least we will be closer than ever). Here are the three most important trends to watch for in 2025 which will completely change the world of accounting:

1. Growth of Automation and Artificial Intelligence (AI)

Retirement planning isn’t just about numbers—it’s about your shared vision for the future. Ask yourselves:This one is undebatable. The practice of using AI and automation in accounting is only set to grow. AI will help enhance the communication between clients and aid in the analysis of data. With automated systems, data entry and reconciliation which are some of the most tedious tasks in accounting will be done automatically and therefore accountants will only require to carry out important activities like advisory. This revolution will not only reduce the time taken for any operation but it will also improve the detection of fraud and reporting of numbers as well.

2. Adoption of Blockchain for Financial Accountability

This revolution is not only a buzzword because its practical usage is decreasing the risk of financial fraud. Thanks to blockchain technology, transactions are compiled on decentralized ledgers and thus cut down risks of manipulation and inaccuracy. So the adaptation of blockchain in accounting will reduce the reliance on audits, cut down chances of fraud in accounting, and improve the records of transactions. This fundamental shift means greater pressure on accountants to get acquainted with the blockchain to increase their employability.

3. Focus on Sustainability Reporting

In light of the understanding of the ecological environment, sustainability has reporting integrated into social accounting. Accountants would have to learn these ESG reporting processes and policies developed by the Global Reporting Initiative and the Sustainability Accounting Standards Board. This transition would require concentrating on the sustainability aspects of an organization and its strategic communication with its shareholders and other stakeholders.

As such, sustainability reporting in WAM will be impacted gravely by the integration of AI and automation, the development and spread of the blockchain technology and the sustainability reporting in 2025. Businesses that are quick to adapt to these changes will not only be able to broaden the spectrum but will also strengthen their presence in the market.