Remove accounting firms Remove accounts jobs Remove bookkeeping Remove tax preparation
article thumbnail

ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. Your senior is probably not a synth.

Account 115
article thumbnail

Your Firm and Your AI Future

CPA Practice

Rise of AI-powered Accounting Tools : We expect to see a significant increase in AI-powered accounting tools designed to automate tedious tasks, streamline workflows, and improve accuracy. AI can also reduce errors and improve efficiency, leading to cost savings for accounting firms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Felon to Firm Owner: A Redemption Story

Going Concern

Scott Scarano is not your typical accounting firm owner. But fueled by a desire to prove people wrong, Scott blocked out the noise and eventually finished his accounting degree. Soon, he was hustling for any accounting job that would take a chance on someone with his background.

article thumbnail

Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

The answer depends on your ability to adapt to the changing world of accounting. A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. 3) Payroll. no spreadsheets required).