ChatGPT and the Future of Accounting: How to Harness the Power of AI

Live Webinar

Webinar Details $219

  • Webinar Date: June 12, 2024
  • Webinar Time: 12:30pm - 1:30pm EDT   live
  • Webinar Length: 60 Minutes
  • Guest Speaker:   Mark Wickersham
  • Topic:   Taxation and Accounting
  • Credit:   CPE 1.0, ATATX 1.0
All Access Membership

It’s been reported that AI could replace up to 300 million jobs… and accountants and bookkeepers are near the top of the list!


When ChatGPT 3.5 was released to the public in November 2022 it created a huge surge in the development of AI and Large Language Models. The capabilities are extraordinary and the impact on our accounting profession is going to be profound.


Don’t get left behind. This webinar – for the owners of accounting and bookkeeping firms - will show you how to harness ChatGPT and use it to save you hours of time, create efficiencies in your firm and get better results.


Brought to you by Mark Wickersham FCA, Amazon best-selling author of, “Effective Pricing for Accountants” you will discover: 

  • The 3 things you must use ChatGPT for… this will save you precious hours of time every week 
  • The 5 pitfalls you must be aware of… 
  • … and how to avoid the embarrassing story of a professional service firm that may get sued for negligence from an overreliance on ChatGPT 
  • Why prompt engineering is the new skill you need to master 
  • How to use ChatGPT to grow your accounting firm 

If you own an accounting firm (whether you’re a CPA, Enrolled Agent or bookkeeper) don't miss out on discovering how to be at the forefront of the biggest shake up we are going to see in our profession.


Learning Objectives:


  • Understand the specific areas where ChatGPT can be effectively utilized to save significant time for the owners of accounting and bookkeeping firms.
  • Identify the potential pitfalls associated with relying on ChatGPT and learn strategies to mitigate risks. 
  • Recognize the importance of prompt engineering as a new skill required to optimize the usage of ChatGPT in accounting firms.
  • Explore how to leverage ChatGPT to create efficiencies within your accounting firm and achieve better results. 
  • Gain insights into using ChatGPT as a tool for growing your accounting business and staying ahead in the face of the transformative changes brought about by AI.
  1. Introduction
  2. What You Will Learn 00:03:29
  3. Benefits of ChatGPT 00:003:52
  4. 3 Ways To Save Hours Of Time 00:03:59
  5. Weaknesses of ChatGPT 00:11:05
  6. 5 Pitfalls You Must Avoid 00:11:58
  7. News Article 00:16:32
  8. 5 Pitfalls You Must Avoid 00:20:34
  9. Prompt Engineering 00:23:16
  10. Elements Of A Well-Crafted Prompt 00:23:21
  11. Your Prompt Checklist 00:26:09
  12. ChatGPT for Accountants And Bookkeeper e-Book 00:26:14
  13. Practical Use Cases 00:28:16
  14. Prompt Example 00:35:33
  15. Chart Of Accounts Example 00:37:19
  16. Prompt To Answer Client Emails 00:38:29
  17. Changing The Writing Tone 00:47:50
  18. Ideation Example 00:49:51
  19. Content Creation 00:52:34
  20. Data Analysis 00:53:55
  21. Excel Example 00:54:41
  22. Ways To Extract The Response 00:58:06
  23. Attendee Question 00:59:45
  24. Speaker Closing 01:03:31
  25. Presentation Closing 01:03:38
  • .CSV 00:14:15, 00:57:43
  • Artificial Intelligence (AI) 00:07:54, 00:20:48
  • Chart of Accounts 00:37:35
  • ChatGPT 00:02:52, 00:03:57, 00:05:24, 00:08:43, 00:15:38, 00:21:53, 00:27:43, 00:28:56, 00:57:46
  • Data Analysis 00:05:20, 00:53:57
  • Large Language Model (LLM) 00:07:51
  • Prompt Engineering 00:03:47, 00:21:09
  • Text Analysis 00:05:11

.CSV: Comma-Separated Value files are text files where each field of data is separated by a comma. This is an effective means to export data from QuickBooks that you, in turn, wish to analyze in Excel.

Artificial Intelligence (AI): Artificial intelligence is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by humans or animals.

Chart of Accounts: Chart of Accounts is the complete list of all the company’s accounts and balances. In QuickBooks, it represents and organizes the company's assets, liabilities, income, and expense. QuickBooks automatically creates your chart of accounts based on the industry and type of company you choose when creating your company file. If you just created your file, make sure to record the accounts' opening balances.

ChatGPT: ChatGPT, which stands for Chat Generative Pre-trained Transformer, is a large language model-based chatbot developed by OpenAI and launched on November 30, 2022, notable for enabling users to refine and steer a conversation towards a desired length, format, style, level of detail, and language used.

Data Analysis: Data analysis is the process of collecting, modeling, and analyzing data using various statistical and logical methods and techniques.

Large Language Model (LLM): A large language model (LLM) is a deep learning algorithm that can perform a variety of natural language processing (NLP) tasks. Large language models use transformer models and are trained using massive datasets — hence, large. This enables them to recognize, translate, predict, or generate text or other content.

Prompt Engineering: Prompt engineering, primarily used in communication with a text-to-text model, is the process of structuring text that can be interpreted and understood by a generative AI model. Prompt engineering is enabled by in-context learning, defined as a model's ability to temporarily learn from prompts

Text Analysis: Text Analysis is about parsing texts in order to extract machine-readable facts from them. The purpose of Text Analysis is to create structured data out of free text content. The process can be thought of as slicing and dicing heaps of unstructured, heterogeneous documents into easy-to-manage and interpret data pieces.

Guest Speaker

  • Mark Wickersham