Can AI Really Transform Reporting for UK Accounting Firms?

Artificial intelligence is no longer a distant innovation. It is now a practical tool used by accounting firms across the UK. Artificial intelligence automates routine reporting tasks. It improves document accuracy. This technology helps accountants reshape their workflows. It enables them to deliver better client service.

A recent survey of 100 UK accountants revealed how this technology is already playing a role in their operations. In this article, we explore how artificial intelligence is being used in accounting firms. We discuss what benefits it brings. We also address what concerns still exist within the profession.

Artificial Intelligence Adoption Among UK Accountants

According to the survey, 66% of UK accountants are currently using artificial intelligence tools in their work. A further 25% say they plan to begin using them soon. That means 91% of accountants either already use or intend to use artificial intelligence, indicating strong interest across the sector.

Only 9% have no plans to adopt it. This shows that the majority of professionals see clear benefits.

Key Benefits of Artificial Intelligence in Accounting

The most recognised benefit is efficiency. 64% of accountants said artificial intelligence helped them save time and improve productivity. 51% also noted cost savings from using the technology.

Firms automate tasks like data entry, bank reconciliation, and payroll processing. This automation frees up time for more strategic and client-facing work.

Some common uses include:

• 70% are using generative tools to draft reports, summarise data, and prepare client communication
• 54% are using machine learning for fraud detection and forecasting
• 46% are automating workflows such as ledger updates and invoice processing

This reflects a shift in how accountants work, allowing more time to focus on high-value advisory services.

Supporting Firm Growth and Visibility

Artificial intelligence is also playing a role in marketing and brand development. 24% of respondents use it to support content creation and marketing activity. Another 22% are using it to improve brand visibility and client engagement.

This shows artificial intelligence is not only about internal efficiency. It is also helping firms expand their reach and attract new clients in a competitive market.

What Are Accountants Worried About?

While adoption is growing, concerns remain. The most common are:

• 43% worry about the accuracy of artificial intelligence output
• 42% are concerned about data security and privacy
• 41% are afraid it may impact job security

These concerns are understandable, particularly in a profession where trust, compliance, and accuracy are non-negotiable.

“Artificial intelligence isn’t going to take away your expertise,” says Mohammed Sidat, Associate Product Technology Director. “It’s a tool to be used to make your work more efficient. Use this as an opportunity to free up your time for advisory. That’s what all software is here to do, make your life easier. Artificial intelligence is just the next phase. Ensure someone is looking after your data and systems. It’s an assistant, so never take it as gospel, review it, and work with it.”

What Accountants Are Saying

Overall, the profession seems cautiously optimistic. While many are enthusiastic, others remain unsure.

One self-employed accountant in Yorkshire says:
“I believe artificial intelligence in accounting offers great potential for efficiency and accuracy. While I’m excited to adopt it, I remain cautious about ensuring that human oversight is maintained to address any complexities.

A mid-level accountant in the West Midlands offered a different perspective:
“I’m unsure about adopting it. I want it proven to be secure and efficient first.”

These responses highlight that while excitement exists, most firms are still approaching adoption with care.

The UK’s Response to Artificial Intelligence

In January 2025, the UK government published the Artificial Intelligence Opportunities Action Plan. This sets out its strategy to encourage innovation while ensuring accountability.

71% of surveyed accountants said they were satisfied or very satisfied with the government’s response. Another 24% were neutral.

This reflects a growing sense of trust. 43% of accountants said they usually trust artificial intelligence, and 24% said they always do.

Taking the First Steps

If your firm has yet to implement artificial intelligence, the first steps do not need to be disruptive. Many tools integrate with systems you are already using.

Start by identifying tasks that are time-consuming or error-prone, like:

• Month-end reporting
• Reconciliation and data matching
• Drafting financial summaries
• Responding to client queries

From here, firms can start to explore opportunities to shift towards more advisory-focused services, supported by artificial intelligence insights.

Future-Proofing with Artificial Intelligence

Artificial intelligence is no longer a future consideration. It is already part of everyday operations for many accounting professionals in the UK. With 91% of accountants using or planning to use the technology, it is clear. Firms are actively preparing for a more automated, insight-driven future.

Adopting artificial intelligence allows accountants to shift from manual reporting and compliance to higher-value strategic services. Start small and scale over time. By doing so, your firm can remain competitive. You can meet growing client expectations and build a more resilient practice.