- What's Next For Accounting?
- What's Next For Accounting? - Issue #77
What's Next For Accounting? - Issue #77
Before we begin, we beat the Cloud Accounting Pod in the AccountingHigh bracket last week, narrowly avoiding the worst timeline of Blake & David going up against Blake & David in the final four.We're now up against fellow thinkperson Ryan Lazanis' Future Firm in the final four. Voting ends in two days. Thank you all for the internet points. As you know they are my life blood. Also as promised I'll be releasing "The Lazanis Files" on social media soon because the world needs to see the truth.
Extract Transactions from Statements for Free
I shared a way to create transaction CSVs from a bank statement PDF. It's a free alternative to bank statement extraction apps, and an elegant solution to a problem that shouldn't exist in the first place.
It led to a good discussion around whether we should be chucking client transactions into GPT. (Reasonable) fears are fueled by the fact OpenAI used to train their models with user prompts, which is no longer the case, but fears remain largely due to a general feeling of newness.
There are parallels here to the fears folks had going from desktop to cloud. GPT models today are already being used responsibly with sensitive medical info, can be built into HIPAA-compliant workflows and meet the most exacting security standards. But the newness gives us the scaries.
💎This Week's Sponsor
🗓️ This Week
Eons ago I produced a commercial for Keeper that they finally released this week like come on gang it takes you three days to ship new features but my video took 6 mos??
I made a video rounding up some fun new tech for accountants
Playbook raises a $7M Series A - "Playbook is a step-by-step app for growing your money and optimizing your taxes"
Translucent raises a $3m Pre-Seed - It's an accounting system that sits on top of all your other accounting systems
Macro raises a $9M seed - Online document editor/workpaper management tool of your dreams?
Neptyne raises a $2M pre-seed - "Supercharge your spreadsheets with Python and AI"
I'll be doing an AI webinar with Karbon 4/27 - register here
Bloomberg developed a language model for finance purposes
😍From The Community
04/11 📗 Book Club - S05E03 with Kate Presto
04/19 📗 Book Club - S05E04 with Kate Presto
04/20 💘 Swiping Right - File Review with Kellie Parks
04/24 🕸️ Into The Chadiverse with Chad Davis
04/25 📗 Book Club - S05E05 with Kate Presto
04/25 👉Show & Tell - Canopy with Jake Kessenich
04/26 🏫 Hall Pass - Designing Advisory Offerings with Brandon Hall
04/ 26🎤 Who Runs The World - “Are you happy in this modern world” with Twyla Verhelst
04/27 🐠 EOS-Ish with Rachel Fisch - Tools & Resources with Rachel Fisch
My community Realize is a private space for people to swap ideas & collaborate. At $180/mo it’s also the way I finance everything else I do, pay a full-time creative director, and a part-time developer in an effort to make the accounting industry a slightly better place 💗 The community is currently about 280 members strong.