The Accounting Podcast

AI Spreadsheets, IRS Mass Resignations, Recession Signs


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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.

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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

    https://www.intuit.com/blog/news-social/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

    https://insightfulaccountant.com/accounting-tech/general-ledger/xero-rolls-out-new-reconcile-period-feature/

     

    Xero introduces new Model Context Protocol server for smarter accounting

    https://devblog.xero.com/xero-introduces-new-model-context-protocol-server-for-smarter-accounting-4d195ccaeda5

     

    Paychex Acquires Paycor in $4.1 Billion Deal

    https://www.pymnts.com/acquisitions/2025/paychex-acquires-paycor-in-4-1-billion-deal/

     

    Introducing FloQast AI Agents: Revolutionizing Accounting Automation

    https://www.floqast.com/blog/introducing-floqast-ai-agents-revolutionizing-accounting-automation

     

    Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions

    https://pipe.com/resources/press-releases/pipe-acquires-glean-ai-to-add-spend-management-to-suite-of-embedded-financial-solutions

    Google Sheets Introduces AI-Powered =AI() Formula for Enhanced Productivity​
    https://yourstory.com/2025/04/google-sheets-ai-formula-gemini

     

    Scale enterprise search and agent adoption with Google Agentspace

    https://cloud.google.com/blog/products/ai-machine-learning/google-agentspace-enables-the-agent-driven-enterprise

     

    Sarah Friar’s LinkedIn Post … 

    https://www.linkedin.com/posts/sarah-friar_what-an-ai-powered-finance-function-of-the-activity-7259765674506399744-IKQD

     

    OpenAI CFO Sarah Friar: We are building a lot of IP down into the data center layer

    https://www.cnbc.com/video/2025/03/20/openai-cfo-sarah-friar-we-are-building-a-lot-of-ip-down-into-the-data-center-layer.html

     

    Introducing Visual Suite 2.0: Productivity, meet creativity

    https://www.canva.com/newsroom/news/canva-create-2025/

     

    Department of Justice Prevails in Landmark Antitrust Case Against Google

    https://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-google

     

    Dark Web Digest – Lessons Learned from the Wolters Kluwer Data Breach

    https://www.purevpn.com/blog/dark-web-digest-issue-4-wolters-kluwer/

     

    New HEC Paris research suggests that shadow adoption of ChatGPT could benefit employees but not the firms

    https://www.hec.edu/en/news-room/new-hec-p...

    ...more
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    The Accounting PodcastBy Blake Oliver & David Leary

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