Can ChatGPT Help with Accounting and Bank Reconciliation?

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Asked By CuriousCat123 On

Has anyone successfully used ChatGPT for handling accounting reconciliations, particularly for online businesses? I'm curious about how practical it is for this type of work.

2 Answers

Answered By BudgetWizard85 On

I think if you just need to categorize expenses for a month, putting labels on them might be doable with ChatGPT. If you give it clear instructions and enough examples, it could handle repetitive tasks like replicating those categorizations for Excel. Just be cautious and double-check everything afterwards!

Answered By MoneyMaverick94 On

While it might be tempting to use ChatGPT for financial tasks, it's really risky. There are plenty of legal considerations that could come back to bite you, especially if you accidentally end up violating some laws. A lot of professionals, including lawyers, have gotten into trouble for relying on AI for important documents. If you're looking for math accuracy, it's also key to double-check its results because it can make errors if you're not careful. Just better to be safe!

AccountableAlchemist -

So, are you saying it's best to avoid using it for anything financially sensitive? What about simpler tasks?

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