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2024 Accounting Firm Technology Predictions

CPA Practice

which we predict will be mainstream beginning in 2025. Imagine using text commands like: “Import this credit card data and post it to my general ledger” and it actually writing and running code to do so. ChatGPT, Bard, LLaMA, etc.) which is having a significant impact on our businesses and personal lives.

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The new breed of audit

TaxConnex

In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast. The virtual audit is becoming a more common way for states to conduct business, in part due to restrictions from the pandemic. “In And of course, save paper.

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Future of Accounting: The 2022 Annual Guide

Ryan Lazanis

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide. Future of Accounting Table of Contents.

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Better off on Xero: Steps to process and finalise payroll

Xero

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report.

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