How Intuit is Going to Save Accounting
The Accounting Podcast
What Are You Looking Forward to in QuickBooks?
Intuit has been on a journey for, I don't know, five plus years to be automating that categorization experience. And so when we talk about AI, we decompose it into kind of three aspects, right? There's the machine learning. There's a bunch of knowledge engineering. And then we take those to really say, how are we taking all of the insight that we've got from accounts across the globe and then do better and better matching. We're going to continue leaning into that.
Guest: Intuit Accountants leader Ted Callahan; The latest on QuickBooks Connect 2023; How to defend against ChatGPT stealing your job; Crypto lender Celsius used QuickBooks, too!
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- (00:00) - Thank you to our sponsor, Relay
- (00:26) - Intuit's "Prosperity Ladder"
- (01:04) - Introduction: Welcome Ted Callahan to the show
- (02:23) - Earmark launched "Crypto With Accountants"
- (03:35) - What is Ted's job title and what does he do day to day at Intuit
- (07:33) - What will Chat GPT and AI change in the accounting industry
- (09:28) - Will some of Intuit's own internal technology be available for customers to use?
- (12:08) - Thank you to our sponsor, Relay
- (13:19) - The Intuit message has changed re: taxes
- (18:44) - How do you respond to people who say Intuit is now an accountants competitor?
- (22:53) - Are intuit accounting employees part time? Full time? Get benefits?
- (26:45) - Thank you to our sponsor, LiveFlow
- (28:02) - Expanding more on Intuit's accounting employees
- (33:53) - What should a young owner of a small accounting firm focus on? Where is the opportunity?
- (38:06) - Let's talk a little about pricing
- (41:38) - Blake checks in on the live chat
- (44:40) - Thank you to our sponsor, 3
- (46:03) - Some thought on QuickBooks Connect 2022 and plans for QB Connect 2023
- (50:17) - FTX and Celsius were on QuickBooks... should they have been?
- (55:33) - ChatGPT article in Medium using accountants as examples
- (01:04:25) - David reads a job posting and wrap up
- (01:07:22) - Client Hub
- (01:07:59) - RightTool
- (01:08:21) - Federal Tax Updates Podcast
- (01:09:35) - How to advertise in these classifieds
Show Notes
Celsius Was Using QuickBooks for Its Accounting—Just Like FTX – Decrypt
https://decrypt.co/120284/celsius-quickbooks-accounting-ftx
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
https://coingeek.com/celsius-tosses-scraps-to-victims-alex-mashinsky-thought-himself-infallible/
Celsius Network: Final report from the examiner — lies, incompetence and Ponzi schemes
Intuit Supercharges Virtual Expert Platform with AI Enhancements to Streamline Expert-Assisted Tax Filing
Will ChatGPT replace you?
https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160
AI is not a threat to the accounting profession: as written by an AI
Will ChatGPT replace you?. How to tell if you’re gonna lose your… | by Theo Seeds | Jan, 2023
https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160
QuickBooks Live Bookkeeping Pricing - Quickbooks
https://quickbooks.intuit.com/live/pricing/
QuickBooks Connect FAQ
https://quickbooksconnect.com/faq/
Get in Touch
Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040
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