Many Australian accountants are asking the questions: Can I trust AI to become part of my way of working? If so, how do I go about this?
​
The team at Elfworks, we have been working on these questions for two years with the result being their Accounting Intelligence product, an application providing AI enhanced advisory and research functions and productivity tools for Australian accountants.

David and Nicole Parmesan run Parmesan Accountants & Advisors, a firm of 12 staff based in North East Victoria. Their client base stretches along the east coast of Australia, ranging from farmers and transport operators through to families and wage earners.

Despite their strong client relationships, David and Nicole knew there had to be better ways to manage files, communicate with clients and streamline internal processes. Their existing software was outdated, causing daily headaches and limiting the efficiency of the practice.

​It’s important to look ahead when deciding how to attack your balance sheet reconciliation process. Workpapers are an ever-changing beast in growing businesses, so it’s always good to be prepared and think not just for today, but for how things will look tomorrow.