In recent times, a significant shift has occurred in the way British accountants and bookkeepers approach client interactions. A striking 77% report that clients are increasingly turning to public AI tools, like ChatGPT and other language models, for assistance with financial, tax, and bookkeeping inquiries.
The allure of public AI lies in its immediate availability and the expedience with which it delivers responses that often sound definitive and reassuring. However, financial matters require more than just pleasing answers; they demand accurate outcomes that adhere to established regulations, tailored specifically to the nuances of each individual business.
Moreover, public AI tools lack a comprehensive understanding of your unique financial situation. They do not have access to essential documents such as bank statements, receipts, invoices, payroll records, or prior tax filings. These tools also remain unaware of the accounting software you employ and how your financial data is organized. Consequently, they cannot alert you to incomplete, outdated, or improperly applied information.
