Hey there, folks! Today we got a special episode of The Small Business Show coming at ya. We’re diving into the world of AI in accounting and how it can help your business grow. Our guest for today is the amazing Twyla Verhelst, CPA and Head of the Accountant Channel at Freshbooks. Let’s get into it!
1. Now, when it comes to accounting, artificial intelligence is where it’s at. According to Verhelst, accountants are totally embracing AI to revolutionize their practices and how they work with clients.
2. And here’s the cool part – AI is perfect for those repetitive and mundane tasks. Accountants have been using AI to boost their productivity and dive deep into the data that’s essential to expanding their businesses.
3. Now, Verhelst wants us to take it slow with AI. There’s still some uncertainty around it, so she suggests starting small. Embrace AI in the parts of your business and accounting cycle that won’t have a huge impact on everything else.
4. To really make the most of AI, entrepreneurs need to identify the best ways to implement it. Figure out which positions in your company could benefit from AI, or where there are inefficiencies that can be tackled. From there, you can expand and conquer!
5. It’s a whole new era for accountants, my friends. A whopping 75% of them believe that AI will completely transform their profession in the next five years.
6. Looking ahead, AI should be seen as a stepping stone in the grand scheme of things. Accountants and entrepreneurs need to remain cautious about security and data accuracy as they build on the foundation that AI provides.
“Automation is only as good as the information it’s served.” – Twyla Verhelst
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