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Can LLMs Do Accounting? Evaluating LLMs on Real Long-Horizon Business Tasks
(accounting.penrose.com)
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this post was submitted on 22 Jul 2025
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Technology
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Compounding tasks like accounting where operations sound easy but create a chain of counter entries and balances need to be organized by account is none of AIs business until they can prove that multiple sequential steps can have over 99% accuracy and the checksum of the accounts is balanced.
Multiple sequential steps with six operations where we assume 99 PCT of each, is right can equal 90% accuracy. This also reads at least 10% errors if they all six go wrong.
How many different entries are in a company over a month's closure?
Now this wouldn't be and issue if it can balance the statements of consolidated accounts and find where are we missing entries or misallocations. That sir is why we pay someone with experience.