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ChatGPT frequently appears in the media, with many predicting significant disruptions, especially in the fields of accounting and auditing. Yet research ha
1) Cost reduction:The most apparent benefit of outsourcing accounting services to an accounting firm is the reduction in personnel-related costs – recruitment, salaries, benefits, office space, and other costs synonymous with staff. 2) Quality of Work:Accountants thrive on reputation and to build...
In some ways, the jobs performed by the average bookkeeper in a business or firm today can be replaced by AI. That does not mean bookkeepers are replaceable, just that their jobs may change. Entry creation, approval flow, and even auditing and tax services can be done, in part, by “...