Simple Ways to Integrate AI Into Your Practice

We’re excited to share our personal Easter egg! The most-clicked articles from the Accounting Apps newsletter during w/c 2.4.23:

Simple Ways to Integrate AI Into Your Practice | (Publicaccountant)

Using AI tools can save accountants and practitioners time, and add value for their clients. The key is knowing which tools to use, when to use them, and how much to rely on them. It does sound too good to be true, and businesses will need to step back and decide how far they want to dive into these new pools of productivity. However, acknowledging there might be integrity, trust and sustainability credential issues that need careful management, there are several ways accounting practices can integrate AI into their systems to produce quick wins.

Eat the Frog Method: Achieve More With Less Stress | (ActiveCollab) 

Your to-do list can become an endless source of frustration if you don’t know how to align your priorities. Not many of us are great at estimating how many tasks we can complete in a single workday; by the end of the workday, there is always something left to do. This leads many people to either experience burnout or be stuck in one place. But how do you increase productivity without jeopardizing performance? With so many methods available, choosing one that fits your needs and working style is quite challenging. This post will explain the “Eat the Frog” method and its application in daily tasks.

4 Ways Accounting Firms Can Retain Clients Using Accounting CRM Software | (FinancialCents) 

Client retention is essential to keeping your clients happy, which enables your firm to continue to grow. This allows you to retain clients, increase profits, and expand business through referrals. Simply put, it pays to focus your time and resources on client retention if you want to build a sustainable accounting practice. Accountants know that strong communication and organization are the keys to running a successful firm — and they’re also necessary for retaining your clients. How can you achieve those goals? By using comprehensive accounting customer relationship management (CRM) software. Below, let’s go over the benefits of client retention and how you can use accounting CRM software to help retain clients for your accounting firm.

Receipt Bank Co-Founder Launches ‘CFO Super-app’ Translucent | (AccountingWeb) 

Translucent targets the financial problems of multi-entity businesses by creating a platform to bring together and standardise data – and has announced pre-seed funding of £2.7m to back its vision. Designed to integrate with existing cloud accounting solutions such as Xero or QuickBooks Online via API connections, Translucent brings data in from disparate systems, stores it in a single place, and using artificial intelligence to cleanse and standardise the data, presents it in a consolidated, standardised view. Established in London by Receipt Bank (now Dext) co-founder Michael Wood, the company has raised a £2.7m pre-seed round led by London-based VC firm LocalGlobe and counts Xero co-founder Craig Walker and former Xero UK MD Gary Turner as angel investors and board members. Read on to learn more. 

We’re Retiring our Old Version of Matching on 1 April 2023. Learn How to Start Using the Upgraded Version | (ApprovalMax)

ApprovalMax launched basic bill-to-PO Matching as a feature in 2017 but has now launched a more advanced and new Matching feature that offers more flexibility and efficiency. In 2022, they announced their plan to discontinue the old version of the Matching feature. The old version served its purpose well but was very basic in nature. They began building a new and slightly different version of the Matching feature and took into account everything we learned from our customers. Then, they moved up to building a more sophisticated and advanced version called ‘Bill-to-PO Matching’. Here are some of the things that this upgraded feature can do. Read on to learn more. 

Which one of these highlights have you enjoyed the most during this week?