I Tried ChatGPT: What It Can and Cannot Do for YOU! [Accounting Accounts Payable]

Are you worried that AI may replace you and take your job? As someone who creates content about accounts payable and payment issues for a living, this is a topic that hits close to home. But with the advent of ChatGPT, the conversation has reached a new level of urgency and the threat has become more real than ever before. I've put ChatGPT to the test and am here to share my findings with you. From its capabilities to its limitations, I'll give you the inside scoop on what Chat GPT can do for you. I’ve tried it and am here to tell you what it can and cannot do for you. Stick around until the end when I share one way I’m using it and YOU can too. It will make your life a little less stressful. #ChatGPT #accountspayable #accounting

ChatGPT does have a place in accounting, accounts payable, P2P, treasury, audit etc. However, it may not be what you think. Used judiciously, it will make you more effective than ever. Used inappropriately, you’ll end up with egg on your face. Watch this video to find out where you can use it to become more effective – and where NOT to use it!

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.

Link to Working in Accounts Payable Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HeNwCTRm4jZIlGKzi8VOwi_

Link to AP Automation Insights Playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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Host: Mary Schaeffer (www.ap-now.com)