I used ChatGPT to setup the Accounting process for a company

make us a video how to make a custom accounting software in excel by using chatgpt.

You´re great. Would you please recommend any website, or tool, so I could learn about sales tax for software lincese and cloud management invoicing?

The advice ChatGPT gave you on inventory is not informative enough. It says "track inventory levels" but doesn't tell you how to do it. "Record purchases" but how, using what? The devil's in the details.

really wish there was a tax director version of this guy!

Answers are limited to software built before 2021

Thank you so much

Hello sir ,, i am new in accounting ,, One of the employees left the company and took the end of service gratuity. Where do I record this amount in the chart of accounts?

Thank you so much! I build inventory systems for a living.

Hi thanks for video I would how to pass debit note for deferrals scheduled and how it reflects in the billing schedule could you plz assist thanks

how does a company (fictional of course) earning a mil...not have an accounting system? like how do they KNOW they made a mil???

Is IA will be taking over auditing jobs ? What is your opinion on this ? I asked the chat gpt to provide some recommendation for an audit findings and I was very impressed with the reply responses

I am scared with this artificial intelligence. Consultant will not needed very soon .

You are so good, in depth professional knowledge of yours in your videos is simply incredible and has helped me tremendous to move forward. Thank you for super valuable content.

Great video🎉

I am debating if I should get CPA during the chatgpt AI era. Despite reading some articles of recent accountant shortages and leaving, will AI replace me? Will AI only replace low ranking accountants without CPA licensees only and also CPAs? Should I purse CPA or accounting career in general?

Chatgpt literally generated the income statement and balance sheet for me by just typing the transaction. And it was 99% accurate

I am a Senior Accountant for a midsize CPA firm in the US. My division audits healthcare, such as rural hospitals and clinics. Chat is making waves on the internet about Accountants being eliminated. Do you feel like this is true, specifically in my case? I feel like a lot of the online articles don’t actually understand what we do. Thank you!

Hi, I was wondering if you have any tips for landing an internship with no experience. I keep getting rejected, and I don't know what else to do.

I have used ChatGPT for certain things with speeding up my blogs… it is sooo lacking with managerial accounting & actual software for manufacturing. QB sucks with manufacturing ! & the price between QB & NetSuite is vast.
The chart of accounts is a serious joke - ChatGPT should only be used for professionals. This is going to be a nightmare when people need financials for investor pitches - just saying

Great video as always, Bill

Why all the accounting software (excluding Odoo) do not have 6 basic columns in trial Balance ???? (Debit & Credit for starting / initial Balance, Debit & Credit during particular period of time, Debit & Credit for Ending Balance). Why nobody even understand it in USA. Many European software are designed this way. Even first greeting page starts from it. You see all the accounts with powerful information on one screen and navigate from there, Just click on any account and you are in. Why Americans have its own Miles, LB, Fahrenheit, GAAP and so silly accounting software ?

Hi sir , cpa us or acca which is more demand and earning in UAE

Hi. I have completed Graduation (in accounting) in India. Currently I'm in USA and I would like to restart my career in accounting field in USA. For that which course I have to study. How can I get a entry level jobs in USA? Can you please suggest me?

How chatGPT will change the future of accounting profession

Hello Bill, I've watched some of your videos, and I really enjoy how informative they are.

However, I am currently a 17 year-old high school student who wants to pursue accounting in university, but given this recent advancement of AI, I'm a bit afraid of how this would impact the field of accounting, such as the fact that ChatGPT's is built off of a database of information; couldn't they do the same but with only reliable accounting information as the database?

I was wondering about your opinion; could you give me advice if you think accounting is still an advisable career path?

I appreciate this video. I wasn't impressed with its answers to questions. 1. Sounded like the selling descriptions from the software companies. 2. Was a basic chart of accounts. It was not tailored to the manufacturing industry. 3. & 4. Were textbook answers. Offers a good start but further research is needed. I liked its response to the inventory methods. I wasn't surprised it was able to give clear instructions about creating a QB invoice because that comes up easy when you google on QB's website. For now I think I'll stick with googling. 😁

As someone who isn't in the Accounting Industry, this was interesting to watch. What is the estimated productivity boost with ChatGPT?

Hi Bill. Am curious: Why weren't the other equally reputable ERP software mentioned, when given a soec that the budget is much bigger, for example SAP & JDE/Oracle?

The Financial Controller, Do You like playing chess or creative thinking? Thank you for your answer!

I am feeling pretty desperate, looking for accounts payable clerk job to start my accounting journey but I am working as shiftsupervisor in a grocery store (I do also accounts payable there as part of my duties coding, approving, scanning invoices, contacting suppliers). What else should I know to be 100% eligible for that entry level position, is there any video about it, cos I couldnt find it :( employers dont even return to my applications cos I did not worked in accounting, tho I have bachelors in BA and MBA. please some1 guide me to find my first job :(

Thank you for a great video. The problem with a chatGPT is confidentiality and the risk of sharing the company's information. There are no risks when an employee asks how to post an invoice with no details provided, but how can you control that people will be careful what they are asking for? As a result, what I see right now is a lot of companies banning specifically using chatGPT at work. Many accounting specialists are trying to predict how it will affect the demand for accounting specialists, especially CPAs. Stephan Wolfram made a great video about how chatGPT works, and it helps us see more clearly what we are dealing with. We can expect a total accounting specialist substitution in 5-10 years. It would be great to hear your opinion on where we are heading.

Great video and information on ChatCPT. Thank you.

I love your content ❤️👍

Hey bill I am a cpa candidate from India can you please make videos related to AI take over accounting and auditing jobs
Or maybe guide on the future scope of cpa

Really usefull share!! Particularly, how clearly it shows, how to make invoice entry in quick books online.. Thank you for sharing 👍

Thanks for this video. We need more ChatGPT video on how to be more efficient in our work

Chat is perfect for this, where you would normally have to research different systems and applications in many different places. You can quickly report back to management with an analysis and solution to this problem.

Is this chatgpt 3 or the new chatgpt 4?

Is this chat gpt replace accounting career😢😢😢