Enhancing Journal Accounting and Month-End Closing Processes through AI: A Comprehensive Analysis

Shreekant Mandvikar, Manoj Kumar Vandanapu

Abstract: The advent of Artificial Intelligence AI has paved the way for significant advancements across industries, with the accounting sector witnessing substantial transformations. This research paper delves into the impact of AI Actions on journal accounting and month-end closing processes, highlighting the automation of routine tasks, reduction of errors, enhancement of efficiency, and the facilitation of real-time financial insights. Through a detailed analysis of AI Actions capabilities, this study demonstrates their pivotal role in revolutionizing traditional accounting practices, thereby allowing professionals to allocate their time to more strategic functions. The findings underscore the necessity for organizations to adapt to these technological advancements to achieve operational excellence and maintain competitive advantage.

Keywords: Artificial Intelligence, Journal Accounting, Month-End Closing, Process Automation, Operational Efficiency

How to Cite?: Shreekant Mandvikar, Manoj Kumar Vandanapu, "Enhancing Journal Accounting and Month-End Closing Processes through AI: A Comprehensive Analysis", Volume 13 Issue 3, March 2024, International Journal of Science and Research (IJSR), Pages: 1717-1719, https://www.ijsr.net/getabstract.php?paperid=ES24326100738, DOI: https://dx.doi.org/10.21275/ES24326100738