tech and fintech

chatgpt unlikely to replace accountants

by

your job may be safe … for now.

by rick richardson
technology this week

even while there is rising concern about how generative ai can disrupt the world’s labor markets, accountants may be able to sigh with relief, even if only temporarily. recent studies show that my chosen profession may be spared replacement because the chatgpt language model doesn’t do well with math!

more: cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick | chatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the fastest-growing and most well-known ai platform to date – chatgpt’s artificial intelligence language model, which excels at behavioral learning, storytelling and other creative tasks – has prompted questions about its potential to enable students to cheat on assignments and exams. however, the bot passed the bar exam with a 90th percentile score, completed 13 out of 15 ap tests, and scored almost perfectly on the graduate record exam (gre).
read more →

automate captions for videos

by

as many as 80% of consumers say they watch entire videos if captions are available. screenshot of captioned zoom meeting

by beth ziesenis
app of the week

according to a survey from verizon media and publicis media, 69% of people watch videos with the sound off in public places and 25% watch with the sound off in private places. further, the research showed 80% of consumers are more likely to watch videos to completion if captions are available.

sounds like (forgive the pun) adding captions to videos is a marketing no-brainer, right?

more apps of the week:  make your computer a clean slate | recycle and repurpose old devices | enlist ai for more productive meetings | keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s a good time to recognize that your viewing audience may not be listening to your audio, either because of preference or impairment.

fortunately, technology has made captioning automatic and painless.

read more →

make cybersecurity a client service option

by

illustration of computer security threatscheck your own system first, then help others.

by penny breslin
it’s not just the numbers

in 2020, like many businesses, we went remote. my remote team of excellent ladies in chennai, india, had to go even more remote than they already were. when india shut down, i figured i was out of business. we promise our cybersecurity is job number one to our accounting and financial firms. we have a highly controlled work environment, except for the day care and under 3’s occasionally looking for mum. i did not think sending our employees home would work.

more: how to safeguard client information | how to create effective communication systems | set expectations with an anticipatory set | four steps for controlling source documents | how to use onenote to create a firm playbook | how to develop procedures for bos | top tech tools for building your new bos business
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but thank the universe, many of our clients had no problem as long as we could figure out the security. they had been working with the same team of ladies. they saw them on zoom and communicated daily on slack. so, in 48 hours we went through an internal change to allow that to happen.
read more →

three ways a.i. will take shape in accounting

by

artist concept of an ai-based neuronwhat do they mean for you?

by hitendra patil
rise of the aiccountants

artificial intelligence (ai) is a rage worldwide now, and accountants are racing ahead to test/try out publicly available ai tools. ai-powered tools can potentially automate tasks outside the purview of the software solutions created by programmers. ai also has the potential to help accountants to better understand and analyze data, which is essential for helping their clients, and accountants themselves make better informed business decisions.

more: four ways to prepare for the ai era | seven ways ai could change accounting | who is better at accounting, ai or humans? | talent shortage: ai neither the cause nor the remedy | accounting profession to experience highest ai impact
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

all of you (almost) have already tried chatgpt. but it is just one type of ai – a generative, large language model (llm). as it is “language”-based, it can, right now, quickly help accountants enhance marketing and client communications.
read more →

can’t read it now? save it for later

by

catch up on your reading at your convenience.

by beth ziesenis
app of the week

many american workers will not be in the office on may 29, but it is a great time to celebrate an underappreciated workhorse in the office because it’s national paperclip day. (who knew?)

more apps of the week:  make your computer a clean slate | recycle and repurpose old devices | enlist ai for more productive meetings | keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

remember when we used to print articles and paperclip (or staple) them with memos (or sticky notes) about why the article was interesting or needed to be reviewed? fortunately, we now have great tools that do that for us. let’s look at one of my favorites:

read more →

ryan lazanis: how to build the firm that suits your lifestyle

by

bigger isn’t better if it creates headaches.

^ unmute for sound and adjust volume
subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere:
apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).

the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

ryan lazanis started his previous firm, xen accounting, a 100% online accounting firm because he thought he could have a better life if he started his own business. now, he teaches firm owners from around the world how to build firms that support their lifestyles.

“your business is there to serve your lifestyle. we often lose sight of that,” lazanis says. instead, firm owners should think about what makes them happy and how their business will help them get there.

more: megan genest tarnow: hire for curiosity rather than compliance | clayton oates: one way to keep clients for life | randy crabtree: follow these three rules to keep employees happy | erik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshift | jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson

goprocpa.com exclusively for pro members. log in here or 2022世界杯足球排名 today.

“growing your firm should start with that concrete end in mind. work backward to see what you should be doing next and how big you want your firm to be. “a lot of firms are able to grow, but to the detriment of someone’s work-life balance,” he said. adding to the top line can also mean “we’re driving ourselves into the ground.”

instead, lazanis wants  “to help firm owners create a business model that can scale, where we can add to the top line, but in a more reasonable fashion where we’re not adding to our existing workload.”

read more →

cancer vaccine available by 2030?

by

imagine a world without cancer. is it possible?

by rick richardson
technology this week

a ground-breaking group of new vaccines for a variety of illnesses, including cancer, might save millions of lives, according to researchers. a major pharmaceutical company expressed confidence that vaccines for ailments including cancer, cardiovascular and autoimmune diseases, as well as others, will be available by the end of this decade.

more tech this week:  chatgpt: what it is. why you need to know. | russia-linked ransomware back with a vengeance | amazon aws: the mainframe killer? | amazon launching its first internet satellites | russian solarwinds hackers at it again | nasa finds a $10 quintillion asteroid | firms must balance benefits, risks of emerging technology | microsoft and google go to war
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

studies into these vaccinations are also “very promising,” according to some researchers, who claim that the covid-19 jab’s success has “unspooled” 15 years’ worth of development in just 12 to 18 months.

read more →

don’t lose precious memories – digitize old photos

by

let’s clear up some clutter… and protect priceless memories.

by beth ziesenis
app of the week

i don’t know a single person who doesn’t have a pile of old family photos hidden in a closet somewhere. celebrate national pack rat day on may 17 by unpacking the memories and digitizing them so they’re safer and easier to share.

more apps of the week:  make your computer a clean slate | recycle and repurpose old devices | enlist ai for more productive meetings | keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

let’s look at four options to help you protect your cherished pictures and videos:

read more →

four ways to prepare for the ai era

by

businesswoman in wheelchair meeting with potential clientclient interactions will increase. you’ll be needed more than ever.

by hitendra patil
rise of the aiccountants

we have discussed that ai-powered functions will become more potent with time. it will not feel like an overnight apocalypse, provided you are keeping yourself abreast of the progress of artificial intelligence in the accounting profession.

more: seven ways ai could change accounting | who is better at accounting, ai or humans? | talent shortage: ai neither the cause nor the remedy | accounting profession to experience highest ai impact | be serious about ai, not amused
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but how exactly can you prepare for the era when ai metamorphoses your work?

before entering the new ai-powered era, let us figure out what is happening now.
read more →

track your mileage automatically

by

help clients stay on track with these odometer assistants.
driver using software on phone in car
by beth ziesenis
app of the week

national odometer day (may 12) encourages people to check their odometers and keep up with vehicle maintenance as their vehicles age. but it can also be a great reminder that we itemizers are losing money if we’re not tracking the mileage we drive for work.

more apps of the week:  make your computer a clean slate | recycle and repurpose old devices | enlist ai for more productive meetings | keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there are several options available, but here are my three favorites and why:

read more →

four of today’s new technologies that will be tomorrow’s ‘norm’

by

what startup stock should you add to your portfolio?

by rick richardson
technology this week

twenty years ago, the idea of smartphones and electric automobiles looked like a pipe dream. however, as of today, 86.4 percent of the world’s population, or roughly 6.92 billion people, own their own smartphones.

more: the cheapest clean energy might be lunar | only 19% of firms host email | 52% of firms look outside for it support | firms battle disruptions in communications and workflows | pandemic changed work for 64% | pandemic? what pandemic? | m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 problems: staffing, workflow and tech
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

further, ev car ownership grows daily. governments all around the world are promoting the use of electric automobiles rather than vehicles with combustible engines to move toward a greener future.

we’re all trying to add to our portfolio that startup stock that will blossom into a blue chip cornerstone of our retirement. here are four exciting innovations that seem poised to become an assumed part of our life in the next two decades.

read more →

looking for investments? check out smart home technology

by

the industry is expected to grow by almost 400% by 2027.

by rick richardson
technology this week 

we bought our first home in late 1968. we watched it being built and even installed sound cables in the walls before they dry-walled so we would have a sound system for the whole home. those days were called “container days.” the contractors erected the container and left the homeowner to finish the rest.

more tech this week: russia-linked ransomware back with a vengeance | amazon aws: the mainframe killer? | amazon launching its first internet satellites | russian solarwinds hackers at it again | nasa finds a $10 quintillion asteroid | firms must balance benefits, risks of emerging technology | microsoft and google go to war
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

now, 45 years later, the sector is being upended by smart home technology, creating a large market opportunity for investors, entrepreneurs, designers, and builders. the smart home industry, which was estimated to be worth $79 billion in 2020, is expected to increase to $314 billion by 2027, according to recent research from mordor intelligence.
read more →

seven ways ai could change accounting

by

artist concept of an ai-based neuronget past the ai tools hype to see the real potential.

by hitendra patil
rise of the aiccountants 

accounting, as it existed until now, is ripe for a makeover.

more: who is better at accounting, ai or humans? | talent shortage: ai neither the cause nor the remedy | accounting profession to experience highest ai impact | be serious about ai, not amused
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this is not a doomsday prediction for the accounting profession. on the contrary, it is just a confirmation of the golden era of accounting that is about to come.

and artificial intelligence will be the driver leading the metamorphosis.
read more →