Hello and welcome back to another thrilling day in accounting, as we learn how to reinvent our accounting career with generative AI.

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

📰 News: Unleashing the Power of Generative AI: Reinventing Your Accounting Career

🖥️ AI Tutorial of the Day: Write a Client-Ready Tax Deductions Ebook With ChatGPT

📝 Daily ChatGPT Swipe File: My “Client-Ready Tax Deductions Ebook” Prompt

🗞️ News: Unleashing the Power of Generative AI: Reinventing Your Accounting Career

I was reading the Wall Street Journal this past weekend and came across an article that I think every accountant needs to read. It’s about our future.

New technology, known as generative AI, is starting to play a larger role in finance and accounting. It's not just a passing trend – it's likely going to change how we do our work.

Changes are Coming

Generative AI is a new tool that can do a lot of different jobs. It can write drafts of documents, make predictions, and analyze numbers. It might sound scary, but it's like learning any new tool. Remember when you first started using Excel? It was probably confusing at first, but now you're an expert. Generative AI is just another tool to learn and master.

AI is Here to Help, Not Replace

You don't need to worry about AI taking your job. Instead, think of it like a helper that can do the boring parts of your job for you. It can write up tax documents, manage lots of simple transactions, and even write the first drafts of financial statements or automate your client advisory services. That means you'll have more time to focus on the important parts of your job that require careful thought and decision-making.

Learning New Skills

With AI doing the simpler tasks, your job might start to look a little different. You might find yourself doing more work with data and systems. You might be thinking, "That's not what I signed up for!" But don't worry – you won't have to become a data scientist or a systems engineer. Instead, you'll just need to learn some new skills that can make your work even more valuable and interesting.

Keeping Things Safe and Reliable

Of course, there are some worries about how safe and reliable AI can be. But remember, we've faced similar worries before with things like online banking, cloud storage, and email. All these things were new and scary once, but now we use them all the time. The same will happen with generative AI – as we get used to it, we'll work out the problems.

Why This Matters

As this new technology becomes more common, it's important to remember that it's here to help us do our jobs better, not to replace us. It can help us work faster, make fewer mistakes, and focus on the more interesting parts of our jobs. It's not about robots taking our jobs, but about us finding new and better ways to do our work. Because in the end, no machine can replace the skills, good judgment, and personal touch that we bring to our work.

The future of finance and accounting is already here. It's up to us to make the most of it.

🖥️ AI Tutorial of the Day: Write a Client-Ready Tax Deductions Ebook With ChatGPT

In today’s tutorial you will learn how to use ChatGPT to write an Ebook. Trust me—you have not seen the technique I’m about the share in this video. It’s not a typical prompt and uses a brand new ChatGPT feature.

In short—it almost blew my f-ing mind. 💣

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

⚡️ Daily ChatGPT Swipe File: My “Client-Ready Tax Deductions Ebook” Prompt

Here is the direct ChatGPT link that you can literally copy/paste your own firm:

👋 See You Tomorrow

That’s it for today folks!

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Until next time!

Marc

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