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AI Spreadsheets, IRS Mass Resignations, Recession Signs
Episode 432
Could AI be doing a day's work in just minutes for accountants? In this episode, Blake and David explore how accounting technology is revolutionizing traditional workflows, from Xero's new AI protocol that connects chatbots directly to accounting data, to Google's game-changing "I" function in Sheets that lets you analyze data with natural language. You'll discover why deep research tools might replace entire teams of analysts and why revealing your AI usage might actually hurt your professional reputation. Plus, hear about unusual recession indicators (men's underwear sales are down!), what Americans consider financial success versus reality, and why accountants everywhere are buzzing about Baker Tilly's merger with Moss Adams. Whether you're curious about automating journal entries or simply wondering if you should disclose your AI wizardry, this episode delivers practical insights for the modern finance professional.
Sponsors
Payhawk - http://accountingpodcast.promo/payhawk
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
RoboDebit - http://accountingpodcast.promo/robodebit
Chapters
- (00:00) - Introduction and Podcast Overview
- (00:39) - App News and Intuit Updates
- (07:53) - Intuit's AI and Bitcoin Controversy
- (11:10) - Xero Innovations
- (20:16) - Paychex Acquires Paycor
- (21:11) - Flowcast's AI Agents
- (25:17) - Pipe Acquires Glean AI
- (26:28) - Google Sheets AI Formula
- (34:30) - Google Agent Space
- (42:29) - AI's Impact on High-Level Jobs
- (43:12) - Testing AI with Investment Analysis
- (44:25) - Mother Road Brewery Investment Evaluation
- (49:31) - Canva's New Sheets Feature
- (54:31) - Google's Monopoly and Data Breach News
- (58:22) - AI Disclosure in the Workplace
- (01:05:51) - Mega Merger of Accounting Firms
- (01:11:26) - Signs of a Recession
- (01:17:45) - Upcoming Events and CPE Opportunities
Show Notes
Accelerating Money Innovation with Deserve Technology Platform and Talent
WARNING: Quickbooks Checking
https://quickbooks.intuit.com/learn-support/en-us/banking/warning-quickbooks-checking/00/1516063
Green Dot considers sale as CEO exits
https://www.paymentsdive.com/news/green-dot-citi-strategic-review-sale-ceo-exit-gresham/742096/
Intuit Enterprise Suite Spring update features more efficient multi-entity accounting, enhanced reporting, and more
https://quickbooks.intuit.com/r/enterprise/intuit-enterprise-suite-spring-2025-release-notes/
Strive targets Intuit for Bitcoin buys after orange-pilling GameStop
https://cointelegraph.com/news/strive-targets-intuit-bitcoin-buys-after-gamestop
Xero Rolls Out New "Reconcile Period" Feature