the first pass is usually an algorithmic digest. the human element is required to recognize a subset of all transactions as requiring further analysis. some transactions require special consideration in either tax or reporting contexts. if every accounting system were a relational database, and every entry had multiple foreign keys to every appropriate classification, we could virtually eliminate CPA's. as it stands each accounting system is bespoke and idiosyncratic. some of them record transactions on sheets of paper.source: dating a CPA
exit|3 years ago
i'd like to hear it confirmed from additional sources but this is what i suspected.
i also imagine those with the necessary skills to formalise these practices are (understandably) not eager to automate themselves out of the value capture loop.