Maximor Scales Revenue 35x In Just 9 Months As CFOs Run Out of Accountants
Every generation of finance software has made the same quiet compromise, which is that the system would record the work and a human would still do it and for forty years that compromise held because the humans kept showing up.
They have stopped showing up. First-time candidates for the CPA exam have collapsed from 49,597 in 2016 to 28,082 in 2024, accounting degrees awarded have sunk to a twenty-year low of 55,152 against a government projection of 124,200 openings every year through 2034 and more than 300,000 accountants have simply left the profession, retired or burned out or lured into work without a busy season, while the AICPA has been warning for years that roughly three-quarters of practicing CPAs sit at or near retirement age. The shortage is structural rather than cyclical, every serious analysis now agrees on that point and the operational consequence lands in the same...
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