10/02/2025

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! 

📊 Accountants Gone WILD

The U.S. government shuts down after Congress failed to pass a spending bill, leaving agencies closed and the IRS operating for only five days. Republicans controls the House, while President Trump hints at permanent cuts.

The IRS are now sing the Inflation Reduction Act funds to meet deadlines, however operations beyond five days remain uncertain. Taxpayers and businesses must still meet their obligations despite the shutdown.

Source: CPA Practice Advisor 

🧮 COOL AF! (Cool Accounting Facts!)

Double-entry bookkeeping isn’t just numbers - it’s symmetry in motion. Luca Pacioli (and Leonardo da Vinci’s buddy!) had written the beauty of the universe on paper by 1494.

Pacioli collaborated with Leonardo da Vinci, which resulted into De Divina Proportione - a treatise on mathematical beauty - framing a universe of proportion, harmony, and geometry.

When your trial balance evens out, you’re not just reconciling accounts - you’re restoring order in a massive universe. Every ledger you balance is a butterfly effect taking action.

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Source: Wisdify

🔢Numbers Don’t Lie

Deloitte posted $70.5 billion in FY2025 revenue, keeping its lead as the world’s largest accounting firm. Growth was driven by the Americas (7.1%) and Asia Pacific (4.9%). The firm employs over 470,000 worldwide.

Deloitte invests $3 billion+ in generative AI through 2030, launching to build autonomous AI agents and workforces. Its “Silicon2Service” delivers AI infrastructure to boost productivity and ethical governance.

Source: Journal of Accountancy 

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