Excel Tips: ChatGPT and Generative AI

With AI learning still being highlighted by our readers, here are the most-clicked articles from the Accounting Apps newsletter during w/c 21.5.23:

Excel Tips: ChatGPT and Generative AI | (INTHEBLACK)

The artificial intelligence (AI) chat interface ChatGPT can answer Excel questions. In terms of testing ChatGPT as a possible Excel assistant or help desk, the immediate attraction of the interface is that, instead of wading through search engine results to find a solution, the AI provides the “right” answer. But how good are its answers? Neale Blackwood CPA investigated to find out.

What in the World is ChatGPT? We Asked a CPA to Explain| (CPA Canada) 

Malik Datardina, governance, risk and compliance strategist with Auvenir, shares his thoughts on the latest AI innovation and what accountants need to know. Datardina strongly suggests accountants start engaging with ChatGPT to prompt and produce the right type of content.

The 10 Best Tools Every CPA Should Know About | (Jetpack Workflow) 

You already know about the standard suite of CPA tools available: QuickBooks, Xero, NetSuite, and others. But are there other tools you should consider to help run your business and be more productive? Reliable software tools can make your job easier and scale with you as you grow your firm rather than limit your potential or overcomplicate operations. This guide will help you discover the 10 essential software solutions and tools for CPA firms that countless firm owners use to integrate and enhance their workflows and help save valuable time.

Increase Capacity With Automation| (Journal of Accountancy) 

Firms should consider costs and risks to prioritise automating repetitive tasks, panellists in our technology roundtable suggest. Panellists on this accounting technology roundtable discussed how firms can distinguish automation technology that they can use from the tech that lacks maturity. And they talked about the fact that the accelerated digitalisation of the past three years has raised the bar on cybersecurity measures considered the bare minimum.

How to Use AI and ChatGPT for Basic Accounting | (The Woodard Report)

AI (artificial intelligence) is at the forefront of nearly every conversation referring to the digital world, and rightfully so. It’s a good tool, a scary good tool. In fact, there’s plenty of speculation that AI will start to replace jobs in industries like marketing, customer service, and accounting. However, accountants shouldn’t fret, because adopting AI will allow you to reap its benefits. AI and digital transformation are meant to help you automate tasks and improve efficiency, which will optimise your role, not replace it.  Let’s explore how accountants can leverage AI tools and resources, like ChatGPT. 

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