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Automation in accounting: what it means and what to study

June 13, 2026

By: The Capella University Editorial Team with Bradly E. Roh, PhD, DBA and Interim Dean and Vice President for the School of Business, Technology and Health Care Administration

Reading Time: 7 minutes

Accounting has long been associated with precision and detailed financial work. Today, automation is changing how many accounting tasks are completed and influencing how accounting roles continue to evolve.

As technology becomes more integrated into accounting workflows, many roles are placing greater emphasis on interpreting information and understanding financial systems. Rather than eliminating the need for accounting professionals, automation is contributing to changes in how work is performed across the field.

As a result, there’s growing interest in professionals who can analyze financial information and adapt to evolving workplace technologies and processes.

Discover how automation is influencing the accounting industry, why it’s changing the skills associated with accounting roles and how an online degree may help you build relevant knowledge and skills.

Ready to take the next step? Discover what you can achieve with Capella’s BS in Business, Accounting.

What is automation in the accounting industry?

Accounting automation is the use of technology to streamline and replace manual financial processes.

Automation means that many accounting systems no longer rely on time-consuming manual data entry. Instead, they can now process information automatically, reducing errors and improving efficiency.

Accounting firms have particularly embraced automation opportunities for tasks like:

  • Expense management
  • Accounts payable
  • Accounts receivable
  • Financial reporting
  • Payment processing

Automation equips organizations with faster access to real-time financial data, helping professionals make more informed decisions.

There are several key technologies driving automation across the accounting industry.

  • Artificial intelligence (AI): AI-powered tools and machine learning software analyze large amounts of financial data and identify patterns, support forecasting activities and automate repetitive tasks.
  • Optical character recognition (OCR): OCR technology automatically extracts handwritten information from invoices, receipts and forms and turns it into digital data instead of requiring manual entry.
  • Cloud accounting systems: Cloud-based accounting platforms store financial data online and help support automation through real-time updates, integrated systems and reduced manual data management.
  • Robotic process automation (RPA): RPA uses “bots” to complete repetitive, rule-based tasks like invoice processing, handling accounts payable or reconciling payment information between different systems.

As these technologies continue to evolve, accounting professionals are increasingly expected to understand how automation tools work and how they can support daily financial processes.

How accounting responsibilities are evolving

Many accounting processes that once relied heavily on manual work can now be completed with the support of automated systems. As accounting technology continues to evolve, professionals are often spending less time on repetitive administrative tasks and more time reviewing financial information and supporting business decision-making.

Several routine tasks are becoming increasingly automated.

  • Manual data entry: Many accounting systems can now automatically extract and input invoice or receipt data using OCR and AI-powered tools. This reduces the need for accountants to manually enter large volumes of financial information and helps minimize human error.
  • Transaction processing: Artificial intelligence can categorize and record financial transactions automatically based on predefined rules and patterns. Instead of manually processing transactions one by one, accounting professionals can focus on reviewing outputs and resolving exceptions.
  • Basic bookkeeping: Cloud-based accounting software can maintain ledgers, handle expense tracking and organize financial records with minimal manual involvement. Many platforms also integrate directly with banking systems and payment platforms, simplifying routine bookkeeping processes.
  • Standardized reporting: Reporting tools can automatically generate recurring financial statements and cash flow summaries. This allows businesses to access financial information more quickly and consistently.

What skills do accountants need today?

As accounting workflows continue to evolve, many accounting roles involve a combination of technical knowledge, analytical thinking and communication skills. While responsibilities vary across organizations, several core skills are commonly associated with modern accounting environments.

Analytical skills and critical thinking

Analytical skills may help accounting professionals interpret financial data, identify patterns, evaluate performance and review reporting issues within complex systems and workflows. Critical thinking can also support informed judgment when organizations face financial or operational challenges.

Communication and collaboration

Accounting professionals often work with teams across operations, finance and administration. Communication skills may help professionals explain financial information clearly, support collaboration and contribute to organizational workflows and planning discussions.

Data literacy and technology fluency

As automation and digital systems become more common in accounting environments, professionals may need familiarity with accounting software, cloud-based systems and financial data tools. Data literacy and technology fluency can help professionals work within evolving digital workflows and interpret financial information more effectively.

Financial strategy awareness

Some accounting roles may involve supporting activities related to budgeting, forecasting and financial planning. Understanding how financial information connects to broader organizational operations may help professionals contribute to reporting and planning processes.

How a degree can help you build these skills

If you’re keen to enter the accounting industry or expand your professional responsibilities, a degree may be one way to support those goals. Not only can a structured learning environment help you build the combination of durable skills employers are looking for, but the right degree can also build technical knowledge and higher-level cognitive skills that remain important in modern accounting roles.

Through competency-based, experiential learning, degree-level study enables you to apply learning through real-world scenarios.

For example, Capella’s Bachelor of Science (BS) in Business, Accounting and Finance specializations don’t just focus on theory. Students apply career-relevant skills in projects that mimic business challenges, giving them essential practice in making complex decisions like interpreting conflicting data sets.

Degree-level study also offers early and frequent exposure to modern tools and systems like automation software. Coursework introduces you to the types of accounting systems and data visualization tools that major firms rely on to help you build enhanced data literacy and technology fluency.

Meanwhile, programs like Capella’s BS in Business, Accounting offer structured progression pathways that help students build knowledge from foundational concepts to more advanced topics.

For example, students may begin with core accounting principles before exploring areas like forensic accounting and data analytics. This progression can help strengthen understanding of both financial processes and the systems that support accounting automation.

Yet above all else, degree-level study allows you to continue developing professional skills while balancing existing responsibilities.

Capella’s online BS in Business, Accounting is available through both our GuidedPath and FlexPath learning formats – giving students more flexibility in how they progress through coursework. Our competency-based learning approach means your progress is measured by your ability to demonstrate the skills you’ve learned rather than the hours you’ve spent in a seat.

This enables you to advance your accounting knowledge and develop the modern skills it takes to achieve your accounting goals without having to give up your current career role or family commitments.

Preparing for the future of accounting

Automation is changing how accounting work gets done.

As routine tasks become more streamlined, there is a greater opportunity for accounting professionals to focus on analysis, strategy and contributing to business decision-making.

If you want to adapt to these changes, it’s important to build the right mix of technical knowledge and skills. That’s why selecting a degree that reflects how the industry is evolving can help support your long-term goals.

Capella’s online bachelor’s degrees in accounting and finance are designed to help you build practical, career-relevant skills through online learning formats that can fit alongside your existing commitments.

Want to learn more? Explore accounting at Capella and find out how you can take the next step.

FAQs

What is automation in accounting?

Accounting automation involves the use of software to take on repetitive or manual tasks, including data entry, bank payment reconciliations and invoicing. Accounting software also streamlines workflows to reduce human error and offer access to financial data in real-time.

Will automation replace accounting jobs?

Automation opportunities aren’t replacing accounting jobs, but it is shifting roles. Technology can now handle routine processing, which means employers are looking for accounting professionals with skills like judgment and strategic business advisory that accounting software can’t replicate.

What skills do accountants need today?

Accountants need to have a combination of hard skills like technical proficiency in data analytics and cloud accounting software, alongside more durable soft skills like critical thinking, complex problem-solving and the ability to communicate financial insights.

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