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 […]
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 […]
How to Optimize the Month-End Close Process
The closing of monthly financials is a critical time for businesses of all sizes. During this process, all transactions for the month are processed and recorded in the accounting system to produce reports necessary to understand the business’s financial state. This process can be time-consuming and grueling, especially for busy small business owners. In fact, […]
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? […]
5 Ways Artificial Intelligence Accounting Software Can Help Finance Teams Be More Proactive
5 Ways Artificial Intelligence Can Help Finance Teams Be More Proactive Incorporating automation and artificial intelligence into your accounting routine can lead to proactive management and better business decisions by making essential and mundane tasks more efficient. While there are countless ways that AI-powered accounting software can help accounting professionals manage the business and be […]
AI in Accounting: 3 Reasons Why Accountants Should Care About and Adopt AI Now
Now more than ever, accountants need to care about AI. We hear it in the news. Generative AI is disrupting a multitude of industries from education to entertainment – the jury is out as to whether that’s a good thing. AI’s positive impact on the accounting industry, however, is undeniable. By automating redundant back-office tasks, […]
What is Credit Card Reconciliation in Accounting
Company credit cards are now arguably the most popular way to pay for business expenses. Whether it’s a casual lunch or a business trip – most companies use credit cards as the preferred method of payment. As such, credit card reconciliation is becoming increasingly important for businesses across all industries. Credit card reconciliation compares transactions […]
What is the Difference Between Traditional and Automated Expense Management?
A business’ success is defined by their ability to sustain long-term profitability. For a business to be profitable, their revenues must outweigh their expenses. Generating revenue is one piece of the equation, however, managing expenses is equally as critical when it comes to establishing business success. Expense management controls, tracks, and processes employee expenses and […]
