10/03/2025

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

U.S. private payrolls fell by 32,000 in September after a small August drop, with ADP citing a 43,000-job downward adjustment from BLS data. Losses hit finance, construction, and manufacturing, while health care and education added more job opportunities.

Hiring remains sluggish as wage growth decreases, with job-switchers seeing their weakest pay gains in a year. With government job statistics delayed by the current government shutdown, markets slipped while the Fed experienced more uncertainty on rate decisions.

Source: CPA Practice Advisor 

💎 Rare Accounting Oddities

Did you know your brain can sneak into general ledgers? Behavioral accounting shows how financial biases can quietly manipulate rational decisions made by individuals.

Under stress, auditors lean on shortcuts and recent memories, bending judgment. Our takeaway? numbers don’t just tell stories, but also shape our internal biases.

Spotting these quirks doesn’t just make you a better accountant - it makes you human-proof. After all, sometimes variables in books aren't financial at all…it’s psychological.

Wisdify’s courses are designed to give you confidence for managing just about everything.

💡 Alteryx 1 Fundamentals for Financial Analysis

Learn Alteryx, your low-code equipment that automates financial workflows, speeds up manual reporting, and eliminates manual drudgery. Create polished reports, exec-ready dashboards, automate monthly closes, and free your time (or a longer lunch).

🕵️ Healthcare Fraud Prevention and Detection

Explore real-world case studies, know schemes like phantom billing, and apply fraud triangles, and data analytics. From anomaly detection to Benford’s Law, you’ll know how to flag red alerts and strengthen internal controls better with healthcare frameworks.

Transform complex into simple, manual into automated, and good into exceptional in Wisdify.

Source: Wisdify

📝 Journaling Insider

The IRS had a strong 2025 tax season, processing 142.2 million returns and exceeding its 85% call service goal, despite workforce reductions. Critical employees kept operations running smoothly, but a Treasury watchdog warned this success may be difficult to repeat.

Filings have lost nearly 20% of staff, and delays in the Zero Paper Initiative left 600,000 paper returns unprocessed by contractors. Although the IRS plans to hire 3,500 more employees, the 2026 filing season faces serious risks without better staffing and digital progress.

Source: Journal of Accountancy

💰 Making Cents of Accounting

#MatchingPrinciple💵⚖️