In 2001, Steven Spielberg’s film A.I. Artificial Intelligence seemed so futuristic and not a possibility in our lifetimes. Times have changed, and AI has forged its way into a multitude of industries – even accounting. Components of AI – including machine learning, deep learning, machine reasoning and natural language processing – are impacting accounting in many ways.

What AI (artificial intelligence) is

AI allows machines (bots) to learn from experience, interpret information, make adjustments and apply what they “know” to perform humanlike tasks.

  • Machine learning gives computers the ability to recognize and apply patterns to develop algorithms that they can then fine-tune based on feedback; an example is the way Netflix can offer you suggestions of what to watch based on your viewing history.
  • Through deep learning, computers develop the ability to identify relationships and associations.
  • When machines “understand” information, they can actually “think” of the implications of that data and analyze it with machine reasoning.
  • Computers use natural language processing based on their understanding of human speech.
  • They “recognize” people, activities and objects, and “view” images with computer vision; an example is the way the iPhone X recognizes the face of its user.

How AI is used in accounting

Accountants have to sift through enormous amounts of data to do their jobs. When AI is introduced, it can eliminate some of the mundane tasks that accountants must do. For example, it can digest and analyze large volumes of data at faster-than-human speeds, interpret contracts or deeds, extract key terms and analyze them, and occasionally solve problems that couldn’t be solved before. For example, if an accounting firm is tasked with complex issues regarding billing systems of multiple clients, AI’s machine learning can rifle through the data and flag the problem accounts, even if the systems are disparate.

For compliance considerations, AI provides accountants with reliable, fast data each time they generate a report, maximizing efficiency. In terms of data categorization, AI bots can sift through information and place it into the appropriate accounts because it understands the differences in categories. Machines begin to learn to make better decisions based on human input, and they can even adapt to an accountant’s behavioral patterns.

Will AI replace accountants?

Because AI can do some of the tasks that humans normally do, some lower-level positions could be affected; however, AI will not replace accountants. In fact, employment for accountants is expected to grow 10 percent through 2026 – higher than average. AI can take on the tedious work that takes up so much time – data entry and reconciliation – and will also eliminate errors, reducing liability. With the mundane tasks handled, accountants will be free to engage in more advisory roles. They’ll be able to focus on strategy – process improvement, cost control and capital optimization – and will still have control over sensitive information.

What are the major takeaways of AI’s impact on accounting?

AI and the cloud work together to compute massive amounts of data in a very short period of time. This service streamlines operations by saving time, cutting costs, increasing productivity and providing more accurate results. Perhaps the greatest impact, however, is the change in mind-set that AI brings.

Accountants are becoming very tech-savvy and are embracing the AI tools that do the tedious work for them so they can spend their time analyzing reports, speculating on future outcomes, managing the machinery and intervening if something goes awry.

What additional skills do accountants need in a world with AI?

Companies are going to need accountants with more diverse skills. Those who are familiar with technology and are not afraid of it will be more valuable than those who shy away from it. Having a strong background in data management will be extremely helpful. Learning accounting software such as Intuit, OneUp, Sage or Xero will put them at an advantage. Other in-demand accounting technology skills include:

  • Advanced knowledge of Excel
  • ERP experience, such as SAP or Oracle
  • Microsoft Visual Basic skills
  • Knowing Hyperion for analyst and financial reporting
  • Knowledge of big data analysis

In addition to being tech-savvy, accountants should have excellent customer service skills and be good communicators.

How enrolling at MTI College of Sacramento can prepare you for an accounting career

MTI College offers an Accounting Technician diploma program that prepares you for an entry-level position in accounting and bookkeeping. You’ll learn a number of computer-based accounting applications, as well as other accounting software that businesses use every day, such as Microsoft Office.

Upon completion of the comprehensive, 36-week program, you will be able to transition directly into a professional working environment. As an accounting technician, your duties may include:

  • Calculating and recording numerical data related to business expenses and income
  • Handling money
  • Analyzing financial data
  • Preparing reports

When you’re ready to work, MTI’s job placement staff can help you find that important first job. They will assist with resume writing and offer tips on job interviews.

Contact MTI College today and take the first step toward a rewarding career in accounting.

Every company, regardless of its size, requires accounting personnel to manage its bookkeeping, handle payroll and maintain account data. Students who enroll in the MTI Accounting Technician Diploma program discover that the comprehensive training they receive will help prepare them for entry-level positions in accounting or bookkeeping.

How to Tell if an Accounting Career is Right for You

Have you always liked working with numbers? Do you prefer detailed assignments? Do you like keeping records of what you spend and save? Are you the one your family and friends turn to when they aren’t sure about a calculation? If so, a career in accounting may be right for you.

How the Program Prepares You for an Accounting Career

In less than a year, MTI can put you on the fast track to a career in accounting or bookkeeping. Your expert instructors use a combination of lectures, videos and discussions in real-life scenarios, to prepare you for situations that you may encounter in the workforce. In addition, you will learn the latest computer-based software that organizations throughout California, and around the country, use every day.

During your MTI accounting technician training, you learn to:

  • Prepare taxes
  • Analyze financial data
  • Calculate interest data
  • Record payroll information
  • Record and depreciate fixed assets
  • Post transaction details
  • Reconcile year-end business data
  • Monitor loans
  • Use databases and spreadsheets

All of these skills provide an essential foundation for your career as an accounting technician.

How MTI College Helps You Find an Entry-level Accounting or Bookkeeping Job

MTI’s responsibility to you, the student, doesn’t end with your final exam. You’ll have an advocate working with you as you embark on your career. MTI will assist you with creating your résumé to best accentuate your skills and help you in your job search by preparing you for interviews.

MTI has many connections in the business world, and its Career Services department is committed to helping graduates find their all-important first jobs. As a matter of fact, MTI has a high success rate placing students who have completed the accounting technician diploma program.

What an Accounting Technician Does

An accounting technician learns versatile skills needed in companies of various sizes and industries. As an accounting technician, you will support a business and its financial goals. Even as an entry-level employee, your input will be very important in helping a business report and control its operating expenditures. If your entry-level accounting technician job is in a large company, your specific job duties could be more specialized than they might be in a smaller company, where you may use your skills to perform a variety of functions.

Regardless of the company you eventually sign on with, the training you receive at MTI College will provide you with a strong foundation in basic accounting concepts that you will use throughout your career. Some of the job responsibilities for accounting technicians and clerks include:

  • Using bookkeeping software, databases and spreadsheets to record data
  • Making entries into the software and assigning the information to accounts
  • Compiling data for reports, such as balance sheets, income statements and account totals
  • Receiving and recording cash, check and voucher payments
  • Assuring accuracy in figures and reports
  • Working with expenditures, accounts receivable (payments that are due to your company) and accounts payable (bills that must be paid)
  • Reconciling profit and loss statements

Your MTI Training Can Prepare You for Entry-level Accounting and Bookkeeping Jobs 

Your MTI Accounting Technician Diploma program can prepare you for an assortment of entry-level accounting and bookkeeping jobs.

These are a few entry-level positions that may interest you when it’s time to begin your accounting career.

  • Bookkeeping Clerk
    A bookkeeper serves an important role in a company’s operations, and is responsible for some or all parts of the “general ledger” of accounts. That can mean posting all financial transactions, producing financial statements and reports, and preparing bank deposits. In a smaller company, the bookkeeper might also be responsible for payroll, preparing invoices and tracking overdue accounts.
  • Accounting Clerk
    An accounting clerk working in a large organization may have more specific duties than in its smaller counterpart. For example, you might be hired as the accounts receivable or accounts payable clerk. As an entry-level accounting clerk, you might post transaction details, add accounts or determine interest charges. You could also be responsible for monitoring loans to ensure that payments are current.
  • Auditing Clerk
    If you are a real stickler for details, an entry-level auditing clerk position might suit you well. You would be asked to quality-control figures, postings and documents to make sure that they are coded properly, and are mathematically correct. Accounting clerks might also be asked to look for, and note, calculation errors for accountants or other employees to fix.
  • Payroll Clerk
    Your job as a payroll clerk is to take the data from employees’ time cards and compute the hours that they worked, as well as their commissions  and deductions, and prepare their paychecks. You may also help process paperwork for new employees. Another responsibility is to look for discrepancies on time sheets and work charts, and  reconcile them. Someone who enjoys working with computers may prefer this position, as it often entails using several types of accounting, database and human resources software to complete the work.
  • Tax Preparer
    Taxes are a part of life, but many individuals and small business owners either do not like preparing tax documents, or are not confident that they can do the job correctly. As a tax preparer, you would do the job for them, collecting the supporting data, looking for deductions and credits, and offering advice on keeping their taxes to a minimum.

Contact an admissions advisor at MTI College today to get the training you need for a rewarding job in accounting.

It is increasingly more difficult to overestimate the value of a solid understanding of computer software programs in attaining success in either the field of business or accounting. These days, it’s almost impossible to find a job posting for any position in any field that doesn’t require at least a basic understanding of rudimentary software applications.

But specific to business and accounting, which computer programs are really the most valuable? If you had to narrow the possibilities down to a just a few core programs to learn, these would be the most necessary to know for success.

Microsoft Windows 7

Microsoft Windows 7 is the basic operating system currently used on more than half of all PCs. Because the overwhelming majority of the business world uses PCs due to their relatively low cost, durability, and ease of maintenance, it is very important to have a firm grasp of how to navigate the Windows 7 operating environment, how to correctly use programs in Windows, and what not to mess with in the background prior to moving fully into a career in either business or accounting.

Microsoft Office 2013 and Microsoft Office 365

Microsoft Office 2013 and Microsoft Office 365 are two versions of the same suite of software programs that includes such business and accounting favorites as Microsoft Word, the default word processing program used in nearly all business contexts; Microsoft Excel, the default spreadsheet creation and management program used in nearly all business contexts; Microsoft PowerPoint, the industry-standard in presentation software; and Microsoft Access, a database management software in business and accounting.

The programs in Microsoft Office are some of the most commonly used applications across all industries in the US. Knowledge and experience in their application is highly valuable to nearly all employers in business and accounting.

Intuit QuickBooks

Anyone who is serious about a career in either business or accounting would also do well to acquaint themselves with how to use Intuit’s QuickBooks programs. These programs are the standard for use in accounting and all other aspects of business account management across just about every industry.

Getting Started on Your Business or Accounting Career

If you’re hoping to pursue a career in either business or accounting, starting your journey with MTI College will give you a firm grounding in all of these programs, backed by augmented training through full access to the courses available at Get in touch with an admissions advisor now or fill out our online application, and start your journey today.

If you choose to pursue a course of study toward landing a position in accounting as a technician, you may be wondering what kind of skills you can expect to learn while in school. Accounting technicians need a wide variety of skills in order to excel in their work; among these are bookkeeping skills, spreadsheet and database management skills, general business math and computer aptitude, an understanding of accounts payable and receivable, the recording and depreciating of assets, general payroll procedures, familiarity with tax law, and auditing skills. 

Accounting Principles and Business Law

A solid course in preparation to become an account technician will include some courses in general and developed accounting principles. Students will learn general economic principles and specific accounting principles; and techniques related to accounts payable, accounts receivable, and effective bookkeeping. Students will also gain general knowledge of business ethics and business law as it pertains to the proper management of bookkeeping, and the analysis, auditing, and reporting of accounts.

Tax Accounting and Payroll Management

Classes you will take in a diploma program for accounting technicians should include extensive coursework on tax law, tax accounting, and payroll management techniques and requirements. Students may also need to take courses to augment their math and computer skills in preparation for a career as an accounting technician.

Database Management, Spreadsheet Applications, and Accounting Software

Controlling and understanding a vast amount of information effectively is at the heart of successful technical accounting work. Understanding contemporary software applications utilizing spreadsheets and effective database management are necessary to being successful working as an accounting technician.

As a student in an accounting technician program, you will most likely take courses in database management, current and emerging accounting software applications, and the building, maintenance, applicable use, and understanding of a wide variety of current spreadsheet programs.  Learn how to use Microsoft Excel, Access, as well as Intuit QuickBooks.

Starting Your Career by Attending an Accounting Technician School

As you can see, becoming an accounting technician requires a wide, diverse set of skills that you can acquire by enrolling in and completing a certified program. If you’re hoping to pursue a career as an accounting technician, start your journey today with MTI College. We offer students the opportunity to become a certified Accounting Technician in our Accounting Diploma Program, so why not apply today?

Accounting technicians, called bookkeeping clerks, accounting clerks, and auditing clerks at some companies and organizations, produce a wide variety of financial documents, depending on their specific position and the type and size of the organizations they work in.

No matter the title, accounting technicians provide vital services to the financial health of their companies, and enjoy excellent compensation and terrific job outlook throughout the country.

Responsibilities of an Accounting Technician

The specific responsibilities of an accounting technician can vary a bit from position to position, depending on the type, size, and complexity of the business. General responsibilities are relatively universal though, and include using booking software, online spreadsheets, and databases, posting financial transactions using computer software, receiving and recording monies in various forms, such as checks, cash, and vouchers.

Other responsibilities may include inputting costs and income into spreadsheets and databases using software applications, producing reports, balance sheets, and financial statements, auditing accounts, figures, postings, and reports, and reconciling discrepancies in accounts, reports, and postings. 

Qualifications for Becoming an Accounting Technician

The qualifications required to gain a position as an account technician can also vary somewhat from company to company, or organization to organization. Some employers are willing to hire account technicians with little to no formalized training and education, providing them with the tools to learn their position on the job, while others may require post-secondary education or experience.

However, the general qualifications required are somewhat similar and include basic computer skills; comfort using spreadsheets, databases, and bookkeeping software; a detail-oriented personality; some general math skills; and unquestionable integrity. Accounting technicians have important responsibilities that require efficiency, accuracy, and above all, integrity to effectively execute.

Compensation and Job Outlook

Accounting technicians typically enjoy a good standard of living, with typical compensation packages including a median salary of around thirty-five thousand per year, with additional employer-paid benefits. The employment outlook for account technicians is good, with job growth expected to keep pace with the overall economy of the United states at around eleven percent.

 If you’re hoping to pursue a career as an accounting technician, start your journey with MTI College of Sacramento today. We offer students the opportunity to become educated in the latest concepts, applications, and software making graduates highly valuable to employers. Fill out our online application or speak with an admissions counselor today!

If you have a mind for details, and a good accounting education, the sky’s the limit.

There are many different types of accounting careers in the Sacramento area, and if you have a mind for details and good accounting education, you can take advantage of them.

MTI offers a comprehensive Accounting Technician Diploma Program. This program includes classes which cover the basic theory of accounting, including keeping track of accounts payable and receivable, tax laws, payroll procedures, an understanding of assets and liabilities and several other qualifications in addition to these that ensure that the graduate is well prepared for a successful career in accounting in the Sacramento area. Along with a good education in the theory of accounting, MTI graduates also have a good grasp on several computer programs commonly used in the accounting industry.

Why choose a Career in Accounting?

There are several very good reasons to pursue a degree as an accounting technician. The accounting tech skill set will be in demand no matter what the state of the economy, so a stable, well-paying job is definitely in the cards for an accountant in California. If you have a good mind for details and natural organizational skills, a career as an Accounting Technician would suit you to the ground.

Potential Accounting Diploma Career Opportunities in Sacramento

Getting on the right path to a fulfilling accounting career in California might seem like a daunting task, but MTI College is there to help every step of the way. Since Sacramento, CA is a bustling and growing metropolis, there are no shortage of companies that need certified Accounting Technicians. A career as an accounting technician in California includes jobs which have to do with classifying and recording expenses, auditing duties, compiling reports for tax purposes and much much more. Accounting careers, because of their nature and the fact that there is so much demand for new hires, is virtually recession proof, even in today’s job market.

Why Choose MTI for your Accounting Technician Program?

Since there is such a wide variety of accounting knowledge one must have to be successful, an education in accounting is key. MTI college is dedicated to a high standard of excellence. A diploma from MTI is not just a piece of paper. It is a recommendation to employers emphasizing the fact that the graduate had excellent training, and is ready to begin their accounting career and hit the ground running. Getting an accounting education from MTI college makes sure that you are well equipped with all the diverse knowledge necessary to begin a successful career in this complex field. Employers in the Sacramento area are familiar with the caliber of student that achieves their accounting diploma from MTI college, and often, students are swept up immediately after graduation.

MTI College offers career placement programs for all of the students who graduate. Career counselors who are familiar with the Sacramento job market will do everything possible to help you land a lucrative and successful career as an accounting technician.

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