ChatGPT Deep Research

AI LLMs are, in my opinion, the most impactful tools in the accounting industry right now. Many of the tools I talk about here are actually software built on top of LLMs like ChatGPT and Claude. Many accounting tools, like QuickBooks AI also feature or specialized tax software, leverage LLMs for automation and insights.

LLMs have transformed multiple industries, and accounting is really starting to harness their power. ChatGPT’s deep research, for instance, can do tons to help accountants, but I think three key uses stand out for saving time and keeping clients happy.

Spreadsheet Analysis and Automation

ChatGPT makes spreadsheets a breeze by creating simple formulas to track cash flow or profits and spotting errors or trends. You can upload a basic financial file (anonymously of course), and it’ll crunch key numbers or automate repetitive tasks with code like Python. This saves hours, cuts down on mistakes, and gives a clear picture of your finances.

Financial Forecasting and Scenario Analysis

ChatGPT uses its research chops to pull the latest trends, economic data, or market news from the web or X posts to predict future finances. For example, ask, “What might a small shop earn in 2026?” and it’ll check retail trends, suggest growth rates, and whip up a spreadsheet showing best- or worst-case scenarios. It makes forecasts sharper with fresh data and lets you test plans for different economic conditions.

Regulatory and Tax Research

ChatGPT dives into trusted sources like IRS guidelines or recent X posts to stay on top of tax laws, accounting rules, or compliance updates. Ask, “What’s new with Section 179 deductions for 2025?” and it’ll summarize IRS changes or discussions and even show how to apply those deductions in a spreadsheet. This keeps you in the know, reduces legal risks, and helps you give stellar advice—whether you’re an accountant or a W2 taxpayer using TurboTax.

AI tools like ChatGPT are changing the game for accountants and regular folks, making finances easier and smarter. Jump in and use them to keep your money stuff on point!

Don’t think anyone needs a link to their site, but if you’ve never been check ‘em out here

Youtube Video of the Week

My favorite part was when that politician kept calling AI "A-1" while talking about bringing it into schools...SMH

Quite a scary podcast to listen to, but informative, to say the least

Crypto Corner

Another wild week in the crypto markets—when is it not tbh? I’m gonna pull a Trump and say crypto investors were completely spooked they didn’t know what the fuck they were doing.

We saw a sell-off with the Israel-Iran conflict last week, an even bigger drop when the U.S. jumped in by bombing Iran’s nuclear sites, then a ceasefire, followed by Iran’s surprise attack—yep, it was a total shitshow

• Bitcoin (BTC): Dropped 3.8% to a low of $98,904 on June 22 amid U.S. strikes, then rebounded to a high of $108,000 by June 25 as the ceasefire took hold.
  

• Ethereum (ETH): Fell 10% to a low of $2,157 on June 22, recovering to a high of $2,474.43 by June 25, up 6%. That low sure was a good time to buy, but it does show weakness with such a large sell off
  

• Solana (SOL): Plunged 11% to $129 on June 22, then rallied to a high of $147 by June 25.
  

• BNB: Dropped 4% to around $620 early in the week, climbing to a high of $646 by June 25 with a 4% gain.
  

• XRP: Fell 6% to about $2.10, then surged 7% to a high of $2.22 by June 25, driven by ceasefire optimism.

Crypto markets are still crazy uncertain, but I’m betting on a quick turnaround soon. I think Trump will cool things off globally, push some solid regulations, and set crypto up for huge long-term gains.

Ripple co-founder Arthur Britto, who some say predicted XRP could hit $10,000 (not confirmed), just posted on X again after 14 years of silence since joining in 2011. Doesn’t mean much, but I’d say it’s a good vibe for XRP.

This isn’t financial advice, but I’m hyped about crypto—just be careful if you jump in.

Always take your crypto off exchanges and store it in a hot wallet like Trust Wallet or Metamask, or a cold wallet like Trezor or Ledger for safety.

DCD Bookkeeping

At DCD Bookkeeping, we’re all about making your accounting as smooth as possible. We use QuickBooks and AI tools to keep your books spot-on and your life easier. From sorting out transactions to sending out monthly financial reports, we’ve got you covered!

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Interested in bringing AI into your accounting department?

We’ll dive into your operations, pinpoint the best AI tools for your team, and keep things running smoothly with our monthly support and monitoring services if needed

Hop on the AI train now before you get left behind!

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