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Mullen Stoker

Mullen Stoker

Chartered Accountants in Durham

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How artificial intelligence is changing accountancy

Artificial intelligence (AI) is no longer just a concept for the future. It is already reshaping how accountancy services are delivered, and these changes are starting to benefit businesses of all sizes. As your accountant, we want to explain what these developments mean in practice and how they can help you.

What is changing in accountancy?

AI is helping us work more efficiently by automating routine, time-consuming tasks like data entry, invoice matching, and bank reconciliation. This means we can spend less time on admin and more time supporting you with planning, decision-making, and spotting risks early.

AI can also scan thousands of transactions in seconds and help identify unusual patterns or errors that could otherwise go unnoticed. These systems are not replacing people – they are enhancing the way we work and enabling us to offer you better value.

What does this mean for you as a client?

  • Faster turnaround times – AI helps us process data more quickly and accurately, so you receive reports and accounts sooner.
  • Fewer mistakes – Automated checks reduce the risk of errors, giving you confidence in the numbers.
  • Better advice – With less time spent on manual tasks, we can focus on helping you grow your business and improve profitability.
  • Stronger fraud protection – AI tools can spot unusual transactions or irregularities, supporting better financial control.

AI is not replacing your accountant

While the technology is improving rapidly, it cannot replace human judgement. What it does is give us better tools to interpret the numbers, explain trends, and help you make sound decisions. Our role remains firmly centred on giving you clear, practical advice based on your business needs.

We are using AI to work smarter for you

We are already adopting AI-based tools behind the scenes. This includes automation in bookkeeping and VAT returns, as well as smarter forecasting tools to help you plan ahead. You will continue to receive the same personal service, just with added speed, accuracy and insight.

Looking ahead

If your business is beginning to explore AI in its own operations, there may also be a need for external assurance – especially if you are using AI in areas like customer service, marketing, or data analysis. Larger companies are already undergoing checks to show that their AI systems are reliable and fair. These types of services will become more common, and we can support you in this area as well.

Need help making sense of it all?

We are here to help you understand what these changes mean and how to use them to your advantage. Whether you are a sole trader, a growing company, or a well-established business, our goal is to make sure you benefit from the latest tools and stay one step ahead.

Get in touch if you would like to explore how our AI-enabled tools can improve the way you run your business.

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ABOUT US

We bring a fresh, dynamic and friendly approach to Accountancy services. We are proud to say you will not find Mullen Stoker to be a stereotypical Accountancy Practice as we have new ideas, add value to what are known to be more traditional accountancy services and are able to provide high quality IT Solutions

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This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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