Why ChatGPT is not your bookkeeper

Unreliable data remains a major stumbling block when relying purely on AI for bookkeeping, warns Manmohan Bhachu, partner at Oury Clark

AI is rapidly changing the way businesses manage their finances. Over the years, we’ve seen tools that help with automated invoice processing and transaction categorisation, cash flow forecasting, and real-time reporting.

Businesses are realising that AI can help their staff work faster, spot patterns sooner, and reduce some of the manual burden traditionally associated with bookkeeping. But as powerful as these tools are, they all depend on one important ingredient: reliable data.

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