How Generative AI is Improving Client Communication for Accounting Firms
In the month-end close process, two things are certain to happen. 1) The accountant will need various documents from the client and 2) the accountant will have questions about said information to successfully close the books. Most accountants will also confirm that the document collection process is wrought with challenges – ranging from miscommunication to […]
Franchise Owners Guide to AI in Back-Office Accounting
In today’s rapidly evolving technological landscape, advancements in AI are transforming various industries. What was once considered expensive and exclusive to large corporations is now becoming more accessible to small businesses, including retail managers, small business owners, and franchise owners. One area where AI has made significant progress is in back-office and financial accounting operations. […]
5 Hospitality Accounting Trends You Need To Know
In the ever-evolving world of hospitality, staying up to date with the latest trends is essential for staying competitive in the market. As hotels strive to provide exceptional guest service experiences, they are quick to adopt new technologies that can revolutionize their operations. In this article, we’ll explore five emerging trends in hospitality accounting and […]
Elevate Your Bookkeeping with Artificial Intelligence Integration
Artificial Intelligence (AI) technology has come a long way over the past few decades. Starting with advancements in algorithms that mimic human brain processes, followed by the cloud revolution with massive storage capability, and finally, the rapid progress in semiconductor technology for faster data processing. In the realm of accounting, where vast amounts of data […]
Crush the Client Advisory Services Game with Generative AI Accounting
You didn’t become an accountant just to be chained to spreadsheets and drowned in data. You had grand ambitions of making a real impact by helping businesses thrive. But let’s face it, the old-school technology has turned your work into a never-ending game of spreadsheet tennis, leaving you exhausted and longing for more. Thankfully, the […]
Is Artificial Intelligence Here to Stay?
Artificial intelligence (AI) in accounting Since its inception, AI has been equally hyped and feared. Some believe that AI will lead to the downfall of humanity, while others believe that it will be the salvation of our species. The truth lies somewhere in the middle. It’s true that AI poses some risks to humanity, but […]
Top 5 SMB Accounting Tasks You Can Automate with AI
The era of small businesses being at a disadvantage by not having access to technology or affordability is long gone! In fact, small and medium businesses (SMBs) are often considered to be target customers for many AI-powered accounting software companies. From bookkeeping to tax preparation, AI-powered software quickly performs a variety of SMB accounting tasks […]
3 Efficient Bookkeeping Tips for Small Business Owners
As a small business owner, you know accurate bookkeeping is vital to the success of your business. You are also intimately aware of how tedious and time-consuming these tasks are, not to mention the redundancy of bookkeeping tasks. The good news is, there are ways to make bookkeeping a quicker and more friendly process. Here […]
6 Bookkeeping Hacks That Every Small Business Owner Should Know
The Importance of Bookkeeping Bookkeeping is one of the most important aspects of running a business. It provides critical information that can be used to make sound decisions about where to allocate resources and how to grow the business. Taking advantage of a few tried and true bookkeeping hacks simplifies even the most complex and […]
How to Improve Accounting Processes and Procedures to Save Time
Accounting is a field of repetition with very few one-time events. Many accounting tasks should be completed on a daily or monthly basis. Some only require quarterly or annual attention but are nevertheless repetitive. Because so many redundant back-office accounting tasks are traditionally manual and time-consuming, it is important to evaluate your internal processes to […]
How Can AI Help You Save Money on Accounting Costs?
Artificial intelligence (AI) accounting software can save you money by automating bookkeeping practices, intelligent reporting, documentation, and categorization of data. While AI-powered software offers a host of money-saving benefits, some of the most predominant involve invoice management, tax preparation, and audit proofing. Invoice Management It’s no surprise that invoice management is a tedious task, especially […]
Benefits of AI-Based Bookkeeping for Small Business Owners
As small business owners know, time is limited and the work is plentiful. Fast-decision making is essential and access to key financial data from any time, anywhere is crucial. What if your financials were up-to-date, on-demand, and accessible from your phone? AI bookkeeping software does just that. How Does AI-Based Bookkeeping Benefit Small Business Owners? […]
