AI for Accounting and Finance Blog

Work from Home (WFH) Accounting Tools You Need Yesterday

Posted by Rachel Schwartz on Mar 18, 2020 10:15:46 AM

So, your accounting firm has likely closed due to COVID-19 and you’re charged with working remotely or setting up your company's remote office, maybe even for the first time. What now? 

Thankfully, companies have long been using technology platforms and apps to eliminate office headaches, whether planning for more efficient communication, collaboration or processing - and there are more options today than ever before. 

Let’s dive into some technology options for getting started working remotely.

In this post, you’ll learn tips on how to optimize your remote accounting home office, what tools Vic.ai leans on itself, options for cloud accounting, and thoughts on how to protect your data.

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Topics: Accounting, COVID-19

How Accounting Firms Document Their Processes

Posted by Joshua Feinberg on Mar 11, 2020 7:45:00 AM

You've heard it before. Process documentation is key to an efficient business. But why do some accounting firms document their processes and others don't?

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Topics: Accounting

5 Mistakes Accounting Practices Make with Internal Capabilities

Posted by Joshua Feinberg on Mar 4, 2020 7:45:00 AM

If you're running your own accounting practice, you probably think you have to do everything. If you have a larger practice, you'll make that same mistake, thinking you must do everything yourself. 

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Topics: Accounting

Should Bookkeeping Firms Use Analytics and the Cloud More Often?

Posted by Joshua Feinberg on Feb 26, 2020 7:15:00 AM

No matter how long you've been a CPA, you've probably witnessed significant changes in a short time. 

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Topics: Accounting

Why CPA Firms Should Offer Proactive Financial Advice

Posted by Joshua Feinberg on Feb 19, 2020 6:45:00 AM

Does today's outsourced CPA firm need a crystal ball to help their clients proactively? And does the choice of accounting systems affect the firm’s ability to forecast trends and identify opportunities?

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Topics: Accounting

How Accounting Firms Delegate Work

Posted by Joshua Feinberg on Feb 12, 2020 7:30:00 AM

Time is your most precious asset, but do you know how to leverage it to work smarter? As a business owner, you have dozens of decisions to make every day that can waste your time - or maximize it.

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Topics: Accounting

The Future of Automating AP and Accounting in General

Posted by Alexander Hagerup on Oct 30, 2019 8:42:00 AM

When thinking about the future of automating accounts payable, how would your daily routine change if you were able to leverage AI to fully automate bookkeeping and pre-accounting tasks?

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Topics: Accounting

What Accountants Can Expect When Getting Started with Vic.ai

Posted by Alexander Hagerup on Oct 16, 2019 8:04:00 AM

How can accounting firms get started with automation? One of the most challenging things when an accounting firm starts with artificial intelligence (AI) and automation is simply letting go and being comfortable trusting someone else to do it right.

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Topics: Accounting

Evaluating Accuracy and Time Savings

Posted by Alexander Hagerup on Oct 2, 2019 8:06:00 AM

It’s important to understand what automation is. It’s not something that’s end-to-end where you don’t have to interact with it or think about it. Automation is removing a step or taking a piece of what you do and making it simpler, easier, and less error-prone.

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Topics: Accounting

Working with Similar vs. Different Kinds of Clients

Posted by Alexander Hagerup on Sep 18, 2019 8:48:00 AM

As Ignite Spot has scaled with Vic .ai, they have put a group of similar clients on the Vic .ai platform. It’s easy to see how the artificial intelligence works as it learns from similar clients. But how does it work with different clients?

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Topics: Accounting

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