The Accounting Podcast

Can an AI reconcile your books while you sleep? Blake and David run a live experiment with ChatGPT-5’s Agent Mode in Xero—watching it match transactions, stumble on prepayments, and reveal what’s realistically automatable today. They also break down a flood of app news: Dext's bill pay, Ramp’s mega raise, Thomson Reuters and Deloitte’s agentic AI, plus Ignition–Financial Cents and Canopy portal moves. They dig into survey findings showing that 58% of employees are secretly using AI at work despite company bans, and take a look at how AI is disrupting the job market for college graduates.


Chapters

• (01:32) - Exploring AI in Accounting
• (02:20) - Testing ChatGPT for Accounting Tasks
• (05:26) - Reconciling Transactions with AI
• (10:27) - App News
• (18:34) - AI and Automation in Accounting
• (23:29) - Recent Raises and Acquisitions
• (31:10) - Government and Regulatory Updates
• (35:14) - AI Agent Struggles with Prepayment
• (35:39) - VC Investments in Accounting Firms
• (37:43) - Ignition and Financial Sense Integration
• (40:13) - Canopy's Smart Intake and AI Innovations
• (42:58) - AI in the Workplace: Surveys and Insights
• (44:39) - AI Agent Finally Figures Out Prepayment
• (52:36) - AI's Limitations and Future Potential
• (01:01:55) - Fundraising and AI in Accounting Apps
• (01:12:28) - Impact of AI on the market
• (01:13:42) - Conclusion and CPE Information

 

Product Specialist-Accounting,AI - Xero

Rillet raises $70M to replace 20th-century accounting software with AI-native ERP built by accountants

AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round

Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Finance

Ramp hits $22.5B valuation just 45 days after reaching $16B

IRS, White House clashed over immigrants' data before Billy Long was ousted

Trump replaces IRS Commissioner Billy Long with Scott Bessent

Trump ousts Billy Long as IRS commissioner, names Bessent acting head

IRS Chief Forced Out After Immigrant Tax Data Pushback—Report

Billy Long's IRS ouster follows clashes with Treasury, sparks concern

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page