Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession as part of the NYSSCPA's Trusted Professional. Prior to that, he was a local news reporter at Greater Media Newspapers in New Jersey. He graduated from Rowan University, in Glassboro, NJ.
Plus, BlackLine announces AI governance console for CFOs; Sage X3 enhancements focus on manufacturers and distributors; and other accounting tech news.
Among other things, the IRS's preliminary AI guidelines call for firms to exercise due diligence on AI outputs and pass AI-related savings on to clients.
Intuit CEO Sasan Goodarzi declared today that, going forward, accountants are the customer not the channel and consequently they will be serving them as the customer.
Firms that rely on the old-fashioned billable hour are in the minority compared to fixed fee, value pricing and other models.
AI has become the No. 1 way to fake receipts for expense fraud. Before then, people generally relied on specialized templates from sketchy websites.
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. But they aren't just throwing together programs and calling it a day.
Plus, Canopy announces Canopy Close Automation in open beta; MYCPE ONE rolls out managed cybersecurity services for businesses; and other news.
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. They aren't just throwing together programs and calling it a day.
Firms are sourcing new solutions from field staff, which serves to both expand their available tools and upskill their professionals. But like any other project, they aren't just throwing together programs and calling it a day.
Bookkeeping, tax and outsourced CFO services company Pilot announced Meridian, which is said to perform the full scope of bookkeeping and financial reporting.
Gusto's newest release is focused on the accounting practice management arena: six new AI agents designed specifically for business development for CPA firms.
Plus, Expensify, Ignition both announce new MCPs; Xero makes standard ACH free; and other news and updates from the accounting tech arena.
The number of tax practitioners using AI for research has nearly doubled in just a year, leading them to explore alternative billing models.
Audit and advisory solutions provider Fieldguide announced Field Orchestrator, a long-horizon agent capable of completing substantive testing workflows.
Tax technology company Magnetic announced the rollout of an AI agent that is said to handle nearly every aspect of the 1040 prep work, including areas that require contextual analysis.
Plus, Karbon launches Kai AI co-worker, platform enhancements; Avalara rolls out Avalara Tax Essentials; and other accounting tech news and updates.
Financial operations platform Ramp announced the launch of Ramp Stack, described as an AI-based operating system built as the company's first product specifically for accounting firms.
Wolters Kluwer announced an expanded enterprise collaboration with OpenAI to develop and release AI native solutions, with a pipeline of new AI-based features.
While it might be intimidating to hear about companies who have installed AI everywhere and use it for everything, leaders have learned to adjust over time.
Due to high interest, Accounting Today is extending the deadline of its annual VAR 100 survey by one week until the end of the day on Friday, June 5.