How do you guys use chat gpt as a staff accountant ?

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I use Grok, which is twitter/X’s AI… same thing basically, I just prefer it. I use it to draft notice response letters, explain weird TB accounts or concepts I’m not super familiar with. I’ve also used it to check depreciation methods for a specific type of asset, tax rates for various jurisdictions, summarize changes to state regs or tax returns for the current year, etc.

I’ve gotten to the point where I’m using it in lieu of google. Also, I’m a senior manager, so I’m able to tell a little better if the info it’s giving me is BS. It’s definitely not perfect, it struggles with aggregating accurate data from a large amount of sources at a time. Like don’t trust it to give you a good, comprehensive state smart chart for tax. But that said, I’ve been very impressed so far.

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Preparing memos. Give it the objective, a few key points to hit, and relevant accounting standards. Then I mold and tweak from there. I also get review comments in my line of work. I paraphrase the comment and ask how it would resolve it. Completely changes the game when your higher ups see you on paper.

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Oh, it can also build a bad ass power point on a topic you know nothing about. It will give you bullet points, you just have to copy them onto the slides. Then it will give you notes on each point so you can understand what you’re supposed to be teaching 😂

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These answers are terrifying

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I have it create amortization schedules for me. Sometimes I ask it to fill out a tax form for me and generate it.

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