AI in Accounting
Artificial Intelligence (AI) has brought about a revolution in various industries worldwide and is set to play a pivotal role in shaping the future of businesses. Service professionals, such as CPAs, EAs, and bookkeepers, are currently witnessing significant transformative changes. Although Tax Professionals face unique challenges in their field, not all obstacles are exclusive to Accounting Professionals. In recognition of this, BrightReturn has initiated an effort to identify key areas where adopting AI, Automation, and other relevant technologies can provide Accounting Professionals with a competitive advantage.
Automation has the potential to greatly improve productivity, especially in handling client requests. However, it is important to understand that not all forms of automation are equal. Some automations, like Excel formulas, are easily accessible, while others may require knowledge of separate tools such as OpenAI or Google Bard to perform certain tasks. Through surveys conducted with Tax Professionals, a set of automations that can be combined into a single tool have been identified. While individual tools can be effective, it is crucial for professionals to integrate them into a unified software solution in order to follow workflows and fully leverage the benefits of automation. Explore the significance of integrating various automations like:
- Client engagement and communications through a portal
- Transaction categorization
- ChatGPT integration
- Automatic data extraction
Download this e-book and learn about AI in Accounting.