Comment by Acct-Man
4 days ago
I’m an accountant (CPA, CMA, Big 4), and while there’s some truth in what you’re saying, you’re significantly underestimating the complexity of applying GAAP, or even tax law. What you’re describing is really bookkeeping, not accounting, and there are plenty of tools that already automate that.
There’s a lot of subjectivity in how GAAP is applied and interpreted - creating accruals, deciding when revenue should be recorded, blah blah.
There is a big gap between bookkeeping and GAAP. E.g. your typical middle class with business expenses and some rental properties in different states.