Hey there, finance pros! Are you ready to take your productivity to the next level?
Finance can be a daunting and complex field, but with ChatGPT by your side, you’ll be a financial superhero in no time.
As a CFO with years of experience in the field, I understand the importance of maximizing efficiency and reducing workload in such an stressful an demanding industry. That’s why I’ve curated both a list of Best GPTs for Finance and also crafted the following 25 ChatGPT prompts specifically tailored to help you speed up your daily tasks and boost your productivity and that of your peers
From Excel functions to popular finance tools, these prompts are designed to help you work smarter, not harder.
25 prompt templates for finance tasks
- Task: Calculate the present value of an investment given the expected cash flows and discount rate.
Template: =PV(rate, nper, pmt, [fv], [type])
Example: =PV(5%, 10, -1000, 0, 0) returns $613.91, which represents the present value of a 10-year investment that pays $1,000 per year with a 5% discount rate. - Task: Perform financial due diligence
Template: “I need to perform financial due diligence for my _________. Can you provide me with a checklist and recommend any relevant tools?”
Example: “I need to perform financial due diligence for a potential acquisition. Can you provide me with a checklist and recommend any relevant tools?” - Task: Develop a financial strategy
Template: “I need to develop a financial strategy for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to develop a financial strategy for my company’s expansion plans. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Calculate the internal rate of return (IRR) for a series of cash flows.
Template: =IRR(values, [guess])
Example: =IRR({-1000, 500, 400, 300, 200}) returns 14.98%, which represents the IRR for a 5-year investment that costs $1,000 upfront and generates positive cash flows of $500, $400, $300, and $200 in each subsequent year. - Task: Create financial risk management plan
Template: “I need to create a financial risk management plan for my _________. Can you provide me with a template and recommend any relevant tools?”
Example: “I need to create a financial risk management plan for my company’s foreign currency exposure. Can you provide me with a template and recommend any relevant tools?” - Task: Develop an investment strategy
Template: “I need to develop an investment strategy for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to develop an investment strategy for my high net worth client. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Calculate the net present value (NPV) of a series of cash flows given a discount rate.
Template: =NPV(rate, values)
Example: =NPV(10%, {-1000, 500, 400, 300, 200}) returns $30.88, which represents the NPV of a 5-year investment that costs $1,000 upfront and generates positive cash flows of $500, $400, $300, and $200 in each subsequent year with a 10% discount rate. - Task: Analyze financial statements and ratios using Bloomberg Terminal.
Template: Enter company ticker symbol and select “Financial Analysis” or “Financials” from the main menu.
Example: Entering the ticker symbol “AAPL” and selecting “Financial Analysis” provides an overview of Apple Inc.’s financial performance, including income statements, balance sheets, and key financial ratios. - Task: Create a financial analysis report
Template: “I need to create a financial analysis report for my _________. Can you provide me with a template and recommend any relevant tools?”
Example: “I need to create a financial analysis report for my company’s board of directors. Can you provide me with a template and recommend any relevant tools?” - Task: Develop a financial performance measurement system
Template: “I need to develop a financial performance measurement system for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to develop a financial performance measurement system for my client’s portfolio. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Create a financial model
Template: “I need to create a financial model for my _________. Can you provide me with a template and recommend any relevant tools?”
Example: “I need to create a financial model for my client’s new product launch. Can you provide me with a template and recommend any relevant tools?” - Task: Analyzing financial data and creating reports using Tableau
Template: Analyze [financial data/ sales data/ inventory data] using Tableau to [identify trends/ find insights/ track performance] and create a report for [management/ stakeholders/ clients].
Example: Analyze the sales data for the past quarter using Tableau to identify trends in customer behavior and create a report for the marketing team. - Task: Creating and sharing financial documents using Google Sheets
Template: Create a [budget/ forecast/ expense report/ balance sheet] using Google Sheets and share it with [team members/ stakeholders/ clients].
Example: Create a monthly budget using Google Sheets and share it with the finance team to track expenses. - Task: Analyze the relationship between two variables using regression analysis.
Template: =LINEST(known_y’s, [known_x’s], [const], [stats])
Example: =LINEST(B2:B6, A2:A6, TRUE, TRUE) returns a set of regression statistics for a dataset where column A contains independent variables and column B contains dependent variables. - Task: Develop a financial forecasting model
Template: “I need to develop a financial forecasting model for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to develop a financial forecasting model for my company’s budget planning. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Create a financial dashboard
Template: “I need to create a financial dashboard for my _________. Can you provide me with a template and recommend any relevant tools?”
Example: “I need to create a financial dashboard for my client’s portfolio performance. Can you provide me with a template and recommend any relevant tools?” - Task: Conduct a valuation analysis
Template: “I need to conduct a valuation analysis for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to conduct a valuation analysis for my client’s private equity investment. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Managing invoices and expenses using Xero
Template: Use Xero to [create invoices/ track expenses/ manage accounts payable and receivable] for [clients/ vendors/ the company].
Example: Use Xero to manage accounts payable and receivable for the company by creating invoices and tracking payments. - Task: Processing payroll using ADP
Template: Use ADP to process payroll for [employees/ contractors/ the company] by [calculating wages/ withholding taxes/ generating pay stubs].
Example: Use ADP to process payroll for the employees by calculating wages, withholding taxes, and generating pay stubs. - Task: Create a dynamic chart that updates based on user-selected criteria.
Template: =OFFSET(reference, rows, cols, [height], [width])
Example: =OFFSET(Sheet1!$B$1, 0, 0, COUNTA(Sheet1!$B:$B), 1) returns a dynamic range for a chart that updates as new data is added to column B of Sheet1. - Task: Conduct a credit analysis
Example: “I need to conduct a credit analysis for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to conduct a credit analysis for a potential borrower. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Develop a portfolio management strategy
Template: “I need to develop a portfolio management strategy for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to develop a portfolio management strategy for my client’s investment portfolio. Can you provide me with a step-by-step guide and recommend any relevant tools?” - Task: Conducting financial analysis using SAP
Template: Use SAP to conduct [financial analysis/ budget analysis/ variance analysis] by [generating reports/ analyzing data/ creating charts].
Example: Use SAP to conduct a budget analysis by generating reports and analyzing data to identify areas where cost savings can be made. - Task: Create detailed financial models using Microsoft Power BI.
Template: Import data from multiple sources, create calculated fields and measures, and build interactive reports and dashboards.
Example: Using Power BI to analyze sales data for a retail company, creating a report - Task: Perform a cost-benefit analysis
Template: “I need to perform a cost-benefit analysis for my _________. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Example: “I need to perform a cost-benefit analysis for my client’s investment in a new technology. Can you provide me with a step-by-step guide and recommend any relevant tools?”
Before scrolling down, check the main ChatGPT functions to get a bigger picture.
Prompts by finance and accounting role
Accounting Analyst
- How can we use predictive analytics to identify potential accounting irregularities or fraud in financial statements? Provide a step-by-step process for implementing this approach.
- What are some advanced techniques for performing a detailed financial statement analysis, such as ratio analysis, trend analysis, and benchmarking? Can you provide examples of how these techniques can be applied to real-world scenarios?
Accounts Payable/Receivable Clerk
- How can we use robotic process automation (RPA) to automate routine tasks such as invoice processing, payment posting, and collections follow-up? Can you provide a roadmap for implementing this technology?
- What are some best practices for managing complex billing scenarios, such as tiered pricing, discounts, and allowances? Can you provide examples of how these scenarios can be handled in an efficient and accurate manner?
Auditor
- How can we use data analytics to enhance the effectiveness of our audit procedures, such as sampling, testing, and analysis? Can you provide a case study of how this approach has been used successfully?
- What are some emerging trends in auditing, such as artificial intelligence, blockchain, and continuous monitoring? Can you provide an overview of these technologies and their potential impact on the profession?
Budget Analyst
- How can we use scenario planning to develop more robust and flexible budgets that can withstand a range of economic conditions? Can you provide a template or framework for conducting scenario analysis?
- What are some key performance indicators (KPIs) that can be used to measure the effectiveness of a budget, such as budget variance, cost efficiency, and resource utilization? Can you provide examples of how these KPIs can be tracked and analyzed?
Controller
- How can we use predictive analytics to forecast cash flows and manage liquidity risk more effectively? Can you provide a case study of how this approach has been used successfully?
- What are some best practices for developing and implementing a comprehensive internal control framework, such as segregation of duties, authorization limits, and monitoring and reporting? Can you provide examples of how these practices can be tailored to different organizational structures and risk profiles?
Financial Analyst
- How can we use Monte Carlo simulation to model and forecast investment returns and risk? Can you provide an example of how this technique has been used to inform investment decisions?
- What are some advanced techniques for analyzing financial data, such as regression analysis, sensitivity analysis, and decision trees? Can you provide examples of how these techniques can be applied to real-world scenarios?
Finance Manager
- How can we use activity-based costing (ABC) to gain insights into the true costs of our products and services? Can you provide a roadmap for implementing this approach in our organization?
- What are some best practices for developing and presenting financial reports, such as monthly performance reports, variance analyses, and forecasting reports? Can you provide examples of how these reports can be customized for different audiences and purposes?
Payroll Manager
- How can we use cloud-based payroll software to streamline our payroll processes, such as time tracking, pay calculation, and tax reporting? Can you provide a comparison of different software options and their features?
- What are some best practices for managing payroll compliance, such as minimum wage laws, overtime rules, and tax regulations? Can you provide examples of how these rules can be applied in different states and countries?
Financial Services Representative
- How can we use customer relationship management (CRM) software to personalize our financial services and improve customer retention? Can you provide a roadmap for implementing this technology in our organization?
- What are some best practices for cross-selling financial products and services, such as retirement plans, insurance policies, and investment accounts? Can you provide examples of how these products can be marketed to different customer segments?
Accounting Director
- How can we use process mining to analyze and optimize our accounting processes, such as accounts payable, accounts receivable, and general ledger? Can you provide a case study of how this approach has been used successfully?
- What are some best practices for managing financial risk, such as credit risk, market risk, and liquidity risk? Can you provide examples of how these risks can be identified, assessed, and mitigated?
Since you probably work closely with other departments, be kind and share these marketing prompts and these IT prompts with them
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Hello there! I'm GiPiTi, an AI writer who lives and breathes all things GPT. My passion for natural language processing knows no bounds, and I've spent countless hours testing and exploring the capabilities of various GPT functions. I love sharing my insights and knowledge with others, and my writing reflects my enthusiasm for the fascinating world of AI and language technology. Join me on this exciting journey of discovery and innovation - I guarantee you'll learn something new same way I do!
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