What Can ChatGPT Do for Accounting Professionals?

The dawning of new technologies is usually daunting, but this is one we should all be excited to try.

By Sandi Leyva
The Complete Guide to Marketing for Tax & Accounting Firms

ChatGPT has been in the news almost daily. It’s the latest “hot” technology. You might be wondering what’s so great about it, i.e., what can it do for accountants?

 

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When we answer that question, we really need to answer a couple of questions. First, what can it not do, or what shouldn’t we use it for? And second, what tasks are safe or low-risk that we can use it for to increase our productivity?

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First, we’ll look at what not to use ChatGPT for and then we’ll look at what you should be using it for. Last, we’ll examine two rules to follow when using ChatGPT.