While AI can be a powerful tool for streamlining accounting tasks, it's significant to remember that it's not infallible. Relying too heavily on AI-powered tools can lead to a dependency on technology that can be difficult to break.

Bookkeeping Salary and Job Growth Potential The BLS projects employment for bookkeeping, accounting and auditing clerks to decline by 6% by 2032. Even so, the BLS projects an average of 183,900 openings for bookkeeping, accounting and auditing clerks.

Given the onset of artificial intelligence and automation, it may seem like the bookkeeping profession is becoming obsolete; however, this couldn't be further from the truth.

Bookkeeping can be a surprisingly profitable business. That's partly because bookkeeping businesses don't have a lot of barriers to entry or even a lot of startup costs to worry about. All you really need is some bookkeeping experience, access to accounting software, and a way to market yourself to prospects.