The buzz everywhere at the moment mentions AI and
ChatGPT. Should we fear for the future for human
input?
What does this mean for accountants and bookkeepers?
For a long time, software has been used for bookkeeping. The
software is just getting more sophisticated and it is becoming
easier to process data and will continue to do so. AI is just
another form of software tool.
Xero has the facility to predict bank transaction details based
on past entries. However, you do need to be able to check whether
the automated suggestions are correct and accurate.
There are several apps that read your purchase invoices with
data capture such as Hubdoc and Dext Prepare. Though they are
exceptional, and a huge time saver, there are still times when
human input is required.
