What AI Will Automate In Accounting with Erica Goode, CPA

FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more!

  • (00:00) - CAP 329
  • (00:39) - PREVIEW: How ChatGPT saved Erica
  • (01:09) - Introduction
  • (07:48) - FTX had 80,000 transactions in Ask My Accountant
  • (12:04) - Blake plays a clip from the All-In podcast on AI accounting
  • (17:25) - ChatGPT vs real accountants and students on tests
  • (25:48) - Hector Garcia's example of using ChatGPT for analysing financial statements
  • (31:24) - Is Erica using ChatGPT at all in her firm?
  • (36:18) - EY breakup news
  • (42:13) - Donna's voicemail on her sons college tour and accounting majors
  • (48:18) - Deloitte kicks off program for high school students to earn accounting credits
  • (49:29) - Can AI help save education?
  • (52:48) - The IRS shows customer service improvements in 2023
  • (54:22) - Are accountants actually experiencing a better tax season?
  • (01:01:49) - Crazy MYOB commercial
  • (01:03:41) - Wrap up and where to reach everyone

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Show Notes
Blake Oliver on Twitter: "My speaking session was selected for #Expensicon”
SURVEY: Busy Season Looking Good - CPA Trendlines         
EY Confronts Slowing Growth After Breakup Deal Fails - WSJ          
Magic Workflow: AI-Powered Workflow and Process Generator   
Ernst & Young has axed its plan for a split of its auditing and consulting arms, marking a dramatic and costly retreat                

Is that the IRS with your refund? No, it's a ChatGPT scam
Taylor Swift avoided $100 million FTX deal with securities question: lawyer https://www.businessinsider.com/taylor-swift-avoided-100-million-ftx-deal-with-securities-question-2023-4
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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Creators and Guests

David Leary
David Leary
President and Founder, Sombrero Apps Company
Erica Goode, CPA
Erica Goode, CPA
Accounting for Coaching & Consulting Companies
What AI Will Automate In Accounting with Erica Goode, CPA
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