The Monday Accrual: October 06, 2025

October 06, 2025

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10/06/2025

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Accountants Gone Wild

Private-Sector Indicates “Steady but Fragile” Labor Market Condition

With no official jobs report due to the shutdown, private data shows U.S. job growth slowing fast. ADP reported a 32,000 payroll drop, Revelio estimated 38,000 new jobs, and both manufacturing and services continued shrinking as high rates and tariffs weighed on hiring.

Job openings have been delayed since 2022, with further declines and worker optimism hitting record lows. Unemployment held at 4.3% with limited layoffs, however wage growth decreases, portraying fragile labor markets, coercing the government toward different interest rate cuts.

Cool Accounting Facts!

What’s the secret ingredient that keeps AI from taking over ledgers?

Accounting consists of judgment, ethics, and intuition. Definitely, AI scans receipts faster, yet  robots still can’t decide why journal entries feel off.

AI won’t replace accountants. Machines can find anomalies, but only humans can spot details behind them. Context always matters regardless. 

Self-preservation, and professional integrity needs human touch. Your spreadsheets might get automated… but your judgment? Never. 

Understand accounting concepts without boring lectures in Wisdify.

Transform unorganized spreadsheets into automated workflows. Learn to connect and report financial data with Alteryx - master automation, speed up closes, and know low-code skills. 

Explore fraud healthcare schemes, provide data analytics, and strengthen internal controls using COSO frameworks and other fraud triangles. Become your team’s own fraud detective.

Be someone everyone wants on their team in Wisdify. 

Numbers Don’t Lie

AICPA Pressures IRS to Maintain Workforce During Taxation Season

As the October 15 filing deadline nears, AICPA calls for the IRS to maintain employees working through government shutdown to avoid unorganized filing and delayed tax guidance. The accounting body warns that reduced staffing might confuse taxpayers and disrupt compliance.

AICPA noted issues like unresolved audits, frozen disputes, and inaccessible IRS services. Even partial shutdowns could negatively impact the 2026 filing season and hinder revenue collection, urging the IRS to stay fully operational until the government shutdown officially ends.

Twitter Showdown

Accountant 1: What’s your favorite pickup line as an accountant?

Accountant 2: “You’re like adjusting entries - you make things better”