Abstract
The goal of this chapter is to shed light on how AI is being used in financial
and accounting contexts. The rise of AI is having a profound effect on the accounting
and financial industries, just as it has on every other sector of the economy. The best
approach for financial experts and their businesses to remain successful and engage the
coming generations of workers and consumers is to use AI-enabled tools for
accounting and finance. The era of AI and robotics is just beginning. However,
technological advancements mean that more and more accounting aids are becoming
accessible. Saving money, getting more done, and having more reliable data are all
possible thanks to AI. In addition, it provides accuracy to businesses during the
employment process. Laborious and mundane accounting tasks may be eliminated. In
conclusion, AI has had a spectacular effect on the bookkeeping and finance business,
shifting attention away from mundane tasks like payroll and toward more cutting-edge
methods.