Breakeven Brothers - Automating accounting: The AI advantage

Automating accounting: The AI advantage

07/02/24 • 74 min

Touching on the different AI providers and the factors to consider when choosing an AI model. This conversation in this part focuses on two main themes: the speed of AI models and data privacy concerns across accounting and engineering.

Chapters
05:15 The Evolution of AI and Chatty Butler
09:41 The State of AI and Choosing the Right Model
25:14 Data Privacy Concerns in Accounting
31:09 Challenges of Reproducibility and Prompt Engineering
40:19 The Risks and Implications of AI
47:21 The Dominance of Nvidia in the GPU Market
49:01 AI in Accounting: Automations and Documentation
53:35 AI Voice Interfaces: Faster and More Natural Interactions
01:12:26 Creating Unique Experiences in Various Industries

Articles/Links
Brad's Interesting Bookmark:
World's fastest voice AI bot

Bennett's Interesting Bookmark:
Creating an experience in Short Term Rental with Richard Fertig
RE #202: Richard Fertig - A World Class Lesson in Short Term Rental

Creators & Guests

Bennett Bernard - Host
Bradley Bernard - Host

Articles/Links
Brad's Interesting Bookmark:
World's fastest voice AI bot

Bennett's Interesting Bookmark:
Creating an experience in Short Term Rental with Richard Fertig
RE #202: Richard Fertig - A World Class Lesson in Short Term Rental

Creators & Guests

Bennett Bernard - Host
Bradley Bernard - Host

Previous Episode

Quitting big tech: a family history of entrepreneurship

Ben and Brad discuss what it's like to leave Big Tech and be a solopreneur, as well as discuss how programming should be a must learn for accounting professionals.

Chapters
00:00 Introduction and Backgrounds
11:58 Considering Leaving Big Tech
24:00 Leaving on Good Terms and Professionalism
27:19 If It Doesn't Work Out, You Can Always Go Back
29:50 The Journey of Entrepreneurship
36:17 Accounting and Data Engineering
39:03 Python as a Tool for Accountants
48:03 Automation and End Goals
52:30 Challenges and Opportunities in Accounting Technology
55:26 Embracing New Tools and Technologies
57:50 Documentation and Collaboration in Accounting Automation
01:01:01 Trying Different Options and Taking Ownership
01:04:02 The Fight for Intelligence, Scale, Speed, and Pricing
01:07:15 Sharing Knowledge and Building Bridges

Articles/Links
Bennett's Blog Post:
Programming as an Accountant — Bennett Bernard, CPA

Brad's Interesting Bookmark:
Context caching for the Gemini API

Bennett's Interesting Bookmark:
221 How To Build The First 1 Person $10M Accounting Firm (youtube.com)

Creators & Guests

Bradley Bernard - Host
Bennett Bernard - Host

Next Episode

Calculating success: Merging engineering and accounting methodologies

Exploring the differences between engineering and accounting, specifically in terms of learning resources, continuous improvement, and data visualization.

Chapters
01:45 What Engineering Can Learn from Accounting and Vice Versa
02:41 Engineering: Availability of Resources and Continuous Improvement
09:31 Engineering: Overwhelm and Hype
15:23 The Unique Syntax of the R Language
34:19 The Importance of Documentation
38:46 Balancing Automation and Costs
40:30 The Value of Root Cause Analysis
47:40 Credentialing in Engineering
53:08 The Role of Ease of Use in Software Adoption

Articles/Links
Brad's Interesting Bookmark:
Extracted the Claude AI system prompt

Bennett's Interesting Bookmark:
"The Key to Effective Software is Prioritizing the Ease of Use #accounting #accountant #accountingmajor #business #businesspodcast #podcast https://t.co/vonMjkgAbf" / X

Creators & Guests