650 AI Accountants Just Surpassed Human Accountants [What does this mean for accounting firms?]

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Welcome to Accounting Firm Coach Office Hours presented by Canopy. I’m Jason Staats. Ready to get 1% better at running an accounting firm? In this episode, I break down a new AI accounting study suggesting that leading models can outperform human accountants, and explain what that actually means for our firms. I share why public booking links are a bad idea, explore Claude’s faster AI models and new ChatGPT features, and explain why AI won’t fix bad business decisions. Then I highlight accountants available for hire and answer questions about selling a firm to private equity, why I dropped Xero from my recommendations, and whether standalone receipt management software still makes sense.

📌 Here’s that AI vs accountants study https://www.mercor.com/blog/human-baselines-for-benchmarks-ai-now-outperforms-junior-accountants/

// Chapters:

00:00 - The End Is Near

13:45 - Bad Booking Links

17:35 - This AI Model is FAST

24:20 - Hormozi Pops The Balloon

26:20 - ChatGPT Updates

31:45 - Accountants For Hire