Generate a Client Fee Increase Letter With ChatGPT

Hello and welcome back to another thrilling day in accounting, as McKinsey reports that “generative AI” will be a $4.4 trillion industry. Accountants learning ChatGPT and similar tools today will reap massive profits.

Let’s get to it. Here’s what’s on the menu today:

📰 News: Generative AI Is Coming To Crunch Your Numbers

🖥️ AI Tutorial of the Day: Generate a Client Fee Increase Letter With ChatGPT

⚡️ Daily ChatGPT Swipe File: My Client Fee Increase Letter ChatGPT Prompt

🗞️ News: Generative AI Is Coming To Crunch Your Numbers

Heads up, fellow accountants! It looks like you might have a new team member in the form of AI, and it's shaping up to be your MVP.

Generative AI, the "big brain" AI that can write text, compose music, and create digital art is going above and beyond, setting its sights on the world of accounting.

Sounds like sci-fi, right? Well, the stats say otherwise.

The latest reports suggest generative AI has the potential to add a whopping $2.6 to $4.4 trillion annually across various use cases. That's not a typo, folks. That's trillion with a T, almost equivalent to the UK's entire GDP in 2021.

But what does this mean for you?

Imagine a digital assistant who can reorganize and classify data, draft financial reports, manage internal knowledge systems, and even draft computer code. Not just crunching numbers, but drafting code. Now that's some serious multi-tasking.

And here's the kicker: Generative AI can automate work activities that account for 60-70% of employees’ time today. So, while you're stuck in the vortex of Excel spreadsheets, this new AI buddy could be taking care of the mundane tasks, leaving you to tackle the big ticket items.

But it's not all number-crunching and data input. Generative AI can also lend a helping hand in strategic decision-making. Say goodbye to pulling all-nighters for financial forecasting, and say hello to more time for strategic planning and business development.

The bottom line? Embrace the AI revolution. It's going to make your life easier, your work more strategic, and your company more competitive.

One thing's for sure: With generative AI entering the picture, accounting is about to get a whole lot more interesting. 💼🚀

🖥️ AI Tutorial of the Day: Generate a Client Fee Increase Letter With ChatGPT

The average accounting firm increased fees between 10-13% according to the latest data from Rosenberg Associates.

In today’s tutorial you will learn how to generate a custom Client Fee Increase Letter with ChatGPT that understands you and your client situation.

All with the click of a button using my latest ChatGPT prompt.

Here’ the video on how I did it step-by-step (and how you can too):

⚡️ Daily ChatGPT Swipe File: My Client Fee Increase Letter ChatGPT Prompt

Here is the direct ChatGPT link that you can literally copy/paste your own info and create your own customized Client Fee Increase Letter.

(Note: I recommend using the ChatGPT Plus version however it can work with the free version as well):

👋 See You Tomorrow

That’s it for today folks!

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Until next time!

Marc

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