Artificial Intelligence (AI) is rapidly growing and transforming the approach to work specifically in the accounting and finance sectors. As AI becomes more accessible and widely adopted, it is increasingly common for professionals to develop their own digital AI assistants. These personalized tools are programmed with domain-specific knowledge and tailored to the creator's needs, enabling them to streamline workflows and efficiently handle specialised tasks. With the assistance of AI, professionals can now generate solutions in a matter of minutes-tasks that would traditionally require six to eight hours of manual effort.
In accounting and finance, many tasks are characterised by repetition, strict compliance requirements, and complex data analysis. Rather than replacing human roles, AI is serving as an enhancement. Professionals are using AI to automate repetitive functions such as data entry, bank reconciliations, and report generation. The result is a significant shift, less time spent on manual processes, and more time devoted to higher-level activities such as strategic analysis, client interaction, and decision-making.
The value AI lies in workflow optimisation. It allows professionals to design systems that suit their specific needs rather than relying on one-size-fits-all solutions. For instance, an accountant might develop an AI tool that monitors cash flow in real time and issues alerts when thresholds are met, or irregularities are detected. A financial analyst could implement an AI assistant that pulls, summarises, and visualises market data on demand. These aren't generic tools, they're smart solutions, uniquely crafted around core responsibilities.
One of the most powerful aspects of modern AI is its accessibility. Even users with minimal programming or finance expertise can now build simple AI agents. Thanks to natural language interfaces, individuals can instruct AI to perform tasks such as building financial calculators, generating customised summaries, or explaining technical accounting standards in plain English. This technology drastically shortens the learning curve and accelerates productivity.
AI now plays multiple roles as a tutor, a personal assistant, and a productivity enhancer. It supports both professionals and students by simplifying complexity, reinforcing learning, and streamlining repetitive work.
Looking ahead, AI agents may evolve beyond static functionality. With code generation capabilities and access to feedback loops, AI assistants could begin to autonomously modify and optimise their operations based on user behaviour and preferences. This potential for self-improvement means that AI tools will not only serve specific functions but could also adapt and refine their usefulness over time.
Thus, future holds tremendous promise, especially for those working in specialised domains like accounting and finance. Personalised AI systems could soon become indispensable, customised to align with the needs of individual professionals or entire firms.
Hasan Md Shariar
Bachelor Of Business Administration
North South University
hasan.shariar@northsouth.edu
