💡 Intuit Announces Their AI Assistant

The long-awaited first look at Intuit’s AI assistant came this week. Let’s run through the highlights & lowlights:

👍 It promises to actually “do work”, not just talk about it. One example they give is sending out payment reminders for all invoices from the chat interface

👎 It’s rolling out to all US customers “in the coming months”

🤔 Interestingly it’s “Intuit Assist” not, QBO Assist, because it’ll supposedly work across QBO, Turbotax, Mailchimp and Credit Karma. Unclear how much of this is actually working today vs a mockup like this incredible 2016 sizzle reel for the original QB assistant

👍 They show useful stuff like short-term cash flow projections, but tbd whether there are just a few very specific use-cases

👎 They highlight its ability to connect you with an advisor. A QuickBooks Live bookkeeping professional, that is. Or a TurboTax Live pro.

My top tip:

Get proactive about how your clients could use this tool. Proactively advising around what it will & won't do is the only way to maintain alignment with your clients. Hide under a rock and your clients will form their own conclusions.

Tomorrow on the daily pod we're doing a deep dive on this, subscribe here.

• Landing page for Intuit Assist

• QBO demo on YouTube

• My guide to navigating Intuit stealing your clients

• We’ve discussed ledger chatbots quite a bit on the daily pod, most recently here

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📅 This Week

• My daily pod passed 100 episodes 🥹 thank you to the 1,200-ish lovely people tuning in every day

• I roasted the 2023 cohort of the AICPA Startup Accelerator

• Practice management systems have an opportunity to enable client-facing chat experience atop the client specific data we have - we explored this opportunity in depth here

• OLED monitors are just lightyears better than that stinky old monitor you’re using

• Delphi is an app for cloning individuals to enable true-to-life 1-on-1 conversations with experts - I think it’s the most disruptive short-term AI application for accounting pros

• ClientHub shared their roadmap for revamping their practice management system with AI

• Video recording app Loom shared more about their AI plans - They already use AI to generate a title, transcript, summary and chapters, and will soon use it to generate thumbnails, enable transcript-based editing (like Descript), generate personalized variations of a single video, even voice & visual avatars

• Lingtual is an app to build AI apps atop your business data

😍From The Community

My private peer networking community Realize for firm leaders, now capped at 500 members. We’ll be permanently raising the price for new members in a couple weeks.

• 09/07 💻 Demo Day - QuickFee with Jason Staats

• 09/12 🌴 Take A Step Back with Geraldine Carter

• 09/22 💻 Demo Day - Instead with Jason Staats

• 09/25 🕸️ Into The Chadiverse with Chad Davis

• 09/25 💻 Demo Day - Ignition with Jason Staats

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