How to Use ChatGPT as an Accountant

Sure, ChatGPT failed a mock CPA Exam in 2023 , but it can still help you write client emails or generate simple invoices.?

Tech anxiety and concerns about AI replacing jobs are valid, especially in accounting.?

However, in Nick Sinclair ’s People Strategy Workshop , he stated, “Accountants will not be replaced by AI; they will be replaced by accountants who can utilise AI.”?

This month's issue focuses on how accountants can maximise ChatGPT in their work—the pros, cons, do's, don'ts, risks, and advantages.?

Plus, discover events you can join to gain the latest industry insights on accounting technology.?

FEATURED ARTICLE

Did you know that 88% of businesses prefer technologically savvy accountants? While AI remains controversial, accountants can harness its potential to automate routine tasks. Discover nine practical ways ChatGPT can boost your daily workflow, complete with helpful prompts.?

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RELATED ARTICLE

It’s not just you–

AI hallucinates, too! Whether you're just dipping your toes in the AI waters or diving headfirst, it's clear that AI isn't quite Iron Man's J.A.R.V.I.S. yet. While it's impressive, it can't fully replace human touch. This article explores the benefits and drawbacks of using ChatGPT.?

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FEATURED RESOURCE

Can ChatGPT prepare superannuation and income projections? Or is leveraging global talent the smarter staffing strategy? Drawing on TOA Global 's ten-year legacy in global accounting staffing, this research report offers data-driven insights into the talent crisis. It explores proven strategies for talent acquisition and retention, positioning the Philippines as a rising star in accounting outsourcing.?

SEE REPORT

FEATURED WEBINAR

The rise of AI brings both promise and peril. Cyber-physical attacks amplified by AI are on the rise, and small to medium accounting firms are particularly vulnerable. Mareta Akari and cybersecurity experts delve into the unique cyber threats facing accountants and strategies to safeguard your firm.?

WATCH HERE

FEATURED PARTNER

BGL Corporate Solutions (BGL), Australia's leading provider of compliance management software solutions, is proud to announce the return of Australia's premier accounting technology event, BGL REGTECH 2024—where tech meets talent in the heart of Australia’s accounting industry.??

Whether you're looking to gain expertise with the latest trends or just eager to explore cutting-edge BGL innovations, BGL REGTECH 2024 is your gateway to the future.?

REGISTER FOR FREE

INDUSTRY INSIGHT

Rule of thumb when using ChatGPT—Avoid sharing client information as it exposes your firm to cyberattacks. The 2024 Cybersecurity Skills Gap Report revealed 87% of businesses suffered breaches last year. Discover the top 5 most common attacks and learn more about the report in this article.?

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TOA Global provides highly skilled, outsourced bookkeepers and accountants to 1,100+ accounting firms globally.??

• Find best-in-class talent at the level needed.??

• Increase your capacity while saving the time and effort it takes to recruit and hire talent.?

• A global talent solutions provider with over a decade of experience exclusively serving the accounting industry.??

Ready to learn more about outsourced accounting staff? Book a call with one of our specialists today.?