This cheat sheet will help HR professionals use ChatGPT to save time and increase efficiency. It provides tips and prompts for carrying out a range of tasks. Download your free copy of the eBook “Unlocking the power of AI in HR” Recruitment and onboarding Job description creation Prompt: “Generate a job description for a [job title] position that includes responsibilities, qualifications, and benefits.” Candidate screening question Prompt: “List key interview questions for a [job title] position that assess both technical skills and cultural fit.” Onboarding checklist Prompt: “Creat ..read more

ChatGPT is fast becoming the workplace collaborator you never knew you needed. Get experimenting with the AI chatbot today using these top tips. Available 24/7 to answer questions, generate content and analyse information, the generative AI chatbot is proving to be an indispensable tool for employees—and companies—worldwide. In fact, 80% of Fortune 500 companies have a registered ChatGPT account. With an enterprise version of the app launched in August 2023, creators OpenAI have enhanced the AI assistant to meet the needs of large businesses and organisations, offering particularly valuable fe ..read more

Dynamic power couple, Jim and Dannii Mee, share how they harnessed their love for travel and transformed their passion into a thriving international events business, propelling Rat Race Adventure Sports to new heights. Starting out by organising obstacle races, they have now expanded their offering and curate exhilarating expeditions in once-in-a-lifetime destinations across all 7 continents, from the Namib Desert to the Panamanian jungle. But being a travel and events company means they got hit hard by the pandemic and had to navigate the challenge of all their events being cancelled practica ..read more

Do you ever feel like you’re always on, never quite catching up with your personal life as your professional demands escalate? You’re not alone. The Secrets of Successful CFOs report reveals a stark reality: only 27% of CFOs achieve a satisfactory work-life balance, 87% deal with stress, and 83% report regular burnout. These figures highlight a critical issue facing today’s financial professionals: is finding personal harmony possible with a demanding role? The answer is yes, but not alone. Tech might be your best ally. Imagine the case of Sarah, a fictional CFO at a mid-sized tech firm. Her d ..read more

When starting a business you can easily become bogged down in financial deadlines—from submitting returns to paying taxes on time. This is especially true when grappling with the various, often confusing, financial terms like “fiscal year,” “financial year,” and “tax year.” This article will break down the fiscal year meaning, history, and practical applications of the key financial timelines in the UK, helping you stay on top of your obligations while you get your business going. What does “fiscal year” mean? Tax year versus fiscal year in the UK History of fiscal year in the UK Can you cho ..read more

This content is password protected. To view it please enter your password below: Password: The post Protected: AI accounting: revolution, impact, and future appeared first on Sage Advice United Kingdom ..read more

Generative AI has arrived. Using a combination of large language models (LLM) and natural language processing (NLP), generative frameworks let humans interact conversationally with intelligent tools by asking questions and getting detailed answers. However, making best use of these tools requires more than random questions. Instead, businesses need prompts that help smart solutions find, integrate, and apply relevant data. In this article, we explain what AI prompts are and how they work, and we share a list of the best 28 AI prompts for small businesses. Here’s what we cover in this article ..read more

AI will create a significant step change in the way HR operates, driving smarter decisions and fostering a more human-centric approach. From virtual assistants streamlining administrative tasks to personalised learning and development initiatives, AI is already making waves in the HR space. In fact, a third of HR leaders told us they use generative AI (GenAI) tools such as ChatGPT in their roles, and 78% want to integrate AI more within HR tasks. While adoption rates are still in their infancy, HR leaders are excited about the technology, with the majority anticipating that AI will create more ..read more

As a business owner, managing your inventory isn’t just about keeping track of what’s on your shelves. It’s about making sure your goods and materials are being considered as part of your financial management.   Inventory accounting helps you understand the value of your goods, so you can make informed decisions and maintain a healthy bottom line.   In this article, we cover the basics of accounting for inventory, including:  What is inventory in accounting? What are the accounting rules for inventory and stock?   Main inventory costing methods   What is op ..read more

“AI won’t replace accountants, but accountants who do not use AI will run the risk of missing out on key opportunities. It’s about augmentation, not replacement, elevating your role to new heights.”  As AI is increasingly used across businesses, accounting and bookkeeping professionals face a range of challenges and choices around AI tech.   Already, these tech advancements have positively affected many firms. However, navigating these new waters and making the most impactful decisions around AI adoption can be difficult.   In this new age, AI adopters stand to make ..read more