Charles Leikauf argues that accountants doing transactional work like bookkeeping and tax prep will be replaced by AI. Instead, move into advisory: you provide context and validate what AI produces, charge more, work less, and stay ahead of competitors who just use AI without adding human judgment.
So moving over to advisor role is important because with that you can partner with AI instead of being replaced by AI. So instead of offering bookkeeping, tax, or accounting, all those are good, but moving over to giving advice and letting AI do the work is the most important part. Anybody can go to ChatGPT and ask it a question. The question will probably be wrong and the answer will probably be wrong and there will not be enough context because people don't know what they don't know. You can guide that whole process. That gives us a strategic leg up or an advantage on anyone else, and we can charge a lot more, and we have to work a whole lot less doing so.
