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5 Ways Accountants Can Use AI Right Now

CPA Practice

Businesses are still working through how to make this record-breaking consumer application relevant and lucrative for the enterprise and for industries such as accounting, heavy with administrative-filled, repetitive, number crunching processes, ChatGPT is turning out to be a game changer.

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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

Startups that hope to attract venture capital need to be able to provide high-level financial statements to investors. People need skin in the game to incentivize them to continue working. They prepare financial statements, handle tax filing, and help businesses strategize for the future.

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Accounting for Startups

inDinero Accounting

More complex enterprise resource planning softwaresuch as Oracle Netsuite, may even make sense for your startup if you are in the right industry and depending on where your aspirations take you. With a controller generating your financial statements and reports, the accountant can focus their efforts on making sure you have clean books.

Account 52
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Accounting for Startups

inDinero Accounting

For instance, a small business might manage their financial data with a simple accounting software like QuickBooks and their staffing with a simple scheduling software like Homebase. Some of the leading ERP software options include: NetSuite. Netsuite vs. Quickbooks. Knowing your startup needs an accountant is half the game.

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