07/18/2025

Well, hi there! Sit back, enjoy, and relax as you’re currently on the Daily Accrual.

Every day, I sift through the accounting noise so you don’t have to. I share to you the most relevant, juicy accounting insights that really matter – nothing phony, just some good, accounting testimony! 

💸 Profit & Loss Report

Despite successfully passing a $3.4 trillion tax, health, and spending bill, President Trump is currently facing strong public opposition. A CNN/SSRS poll shows 61% of Americans oppose the law provision, citing tax breaks for the wealthy and cuts to Medicaid and food stamps. Only 29% believe it will help improve the economy, while 17 million could lose health coverage.

The White House began a limited push in forwarding the bill despite Trump claiming broader outreach isn’t needed. Republicans emphasize popular elements like tax cuts on tips and deductible auto loans, despite their short-term nature. Democrats warn the bill favors the wealthy and risks political backlash as service cuts hit rural and low-income communities.

Source: CPA Practice Advisor

💎 Rare Accounting Oddities

Back in the days, tax officials recorded properties like land, livestock…and yes, even chariots. These high-speed vehicles weren’t just for racing glory: they’re line items on asset schedules! 

Roman taxpayers documented wear and tear for reduced tax bills. Sounds familiar? That’s depreciation, ancient Roman style. From notations like “worn axle” to heated “asset value” debates between local governors, everything was taken into account. 

So, the next time you're crunching numbers, give appreciation to whoever did it first. Julius Caesar may have crossed the Rubicon, but Roman accountants crossed into depreciation’s future.

You’re untangling cash flow statements faster than people drink morning coffee. But when HIPAA Compliance and Stark Law gets mentioned, do you start nervously fidgeting around?

Wisdify has launched their Healthcare Accounting Series designed for accountants ready to break into the lucrative, premium world of healthcare finance without needing a law degree.

🧠 Course 1: Healthcare Finance Data Analysis in Excel

Excel wizards, rejoice. This course is your backstage pass for transforming raw healthcare data into polished, boardroom-ready insights. You’ll structure complex datasets, build dashboards that execs actually want, ans solving for ROI model calculations that your bosses will admire.

• Identify KPI metrics used in healthcare orgs

• Build cash flow models for executive projects

• Automate financial reports with spreadsheets

• Create dashboards for healthcare reporting

💡 Recommended if you’ve ever Googled “What the heck is DRG reimbursement?”

🌿 Course 2: Healthcare ESG Reporting

You know about compliance. You care for your people. And now, ESG reporting is knocking on your office door with stacks of frameworks (GRI? TCFD?) and tight deadline. Don’t worry: Wisdify has got your cheat sheet, translation guides, and your very owm spreadsheet template.

• Tie community health outcomes to ESG strategy

• Calculate and report environmental impact like a boss

• Align ESG with IRS Schedule H (yes, that’s a real thing)
  Design internal controls for ESG data integrity—so your reports don’t feel like fiction

You don’t need to be a sustainability guru to know—just be a professional number-cruncher.

These courses are your launchpad. Specifically built for accountants with hands-on, real-world examples, these programs will make you fluent in the business side of healthcare. So, what are you waiting for?

Go from “I think HIPAA compliance has two Ps? Mayhe just one?” to “Here’s a 5-year NPV model for a surgical center ESG upgrade.” in no time. 

Your future career in healthcare accounting starts now—with spreadsheets, not subpoenas.

Source: Wisdify

📝 Journaling Insider

Doeren Mayhew acquired Houston-based Reimer McGuinness Hess (RMH), expanding its Texas presence. All 38 RMH employees joined the accounting firm, with co-founder Tom McGuinness becoming a senior advisor and five other partners named principals. RMH provides services to small to midsized clients in healthcare, manufacturing, real estate, and nonprofits.

This currently marks another step in Doeren Mayhew’s growth, following recent acquisitions in Michigan and Houston. Backed by Audax Private Equity since August 2024, the top 60 U.S accounting firms have been scaling through M&A and tech upgrades. It operates under an alternative practice structure, however remains unified under the Doeren Mayhew brand. 

Source: CPA Practice Advisor

💰 Making Cents of Accounting

#NumberGameStrong💪🔢