The Thursday Accrual: September 11, 2025

September 11, 2025

In partnership with

09/11/2025

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! 

Peak Rates on the Products You Need

Peak Bank was designed for those who want to bank boldly, providing a 100 percent digital platform that combines convenience and powerful money management tools. Our high-yield savings accounts offer rates as high as 4.35% APY* while remaining accessible and flexible, ensuring you stay in control at all times. Apply online to start your ascent.

Member FDIC

đź“ť Journaling Insider

Congress Eyeing Revival of Litigation Funding Tax Reforms After OBBBA’s Government Passage

One Big Beautiful Bill Act (OBBBA) drops reforms on third-party litigation financing (TPLF), AI regulation, and pharmacy benefit managers (PBMs). TPLF investors receive tax breaks while plaintiffs pay higher rates, hurting U.S. businesses and expecting reform before 2026 midterms.

Cuts included a 10-year ban on state AI regulation, drawing bipartisan opposition as an “AI amnesty” for Big Tech, and PBM reforms lowering drug costs were both stripped in the Senate. AI and PBM measures face resistance, TPLF shifts remains most likely to advance in Congress.

đź’° Making Cents of Accounting

#ReceiptsOrRiddles?📜🧠

đź“ş Advertisement

Fraud Detection & Audit Proficiency — Because Every CPA Deserves X-Ray Vision Superpowers Against Phantom Billing Issues

You already know GAAP compliance—but what about fraudsters in laboratory white coats and robot processes writing memos faster than anyone? 

This program’s your fraud “X-ray machine.” From phantom billing to suspicious medical claims. Look for problems, and trace various schemes:

  • Decode fraud schemes keeping your regulators busy

  • Apply fraud triangle without needing a geometry PhD

  • Use anomaly detection to remove front-page scandals

  • Respond to violations with compliant documentations

AI’s here to steal your late nights reconciling entries and writing bottomless client emails. Transform buzzwords into CPA-friendly processes:

  • Harness automation to generate journal entries for you

  • Identify duplicate invoices and unusual transactions first

  • Forecast using AI-powered workflows for better outputs

  • Explore privacy boundaries for proper tool identification

Broaden your professional expertise using Wisdify. Your recorded hours should do more than just checklists - be someone in Wisdify. 

đź’¸ Profit & Loss Report

CPA Firms Begin Workforce Salary Increases, Experiences Slower Median Revenue Growth at 6.7%

CPA firms are boosting pay, with master’s starting salaries up 17% to $67,750 and bachelor’s up 11% to $60,834. Manager salaries increased 15%, partners’ 10%, while revenue growth slowed. Smaller firms drive wage gains, while large firms topped revenue at $17.7M (+9.1%).

On tech, 65% of firms are open to AI but only 13% integrate AI due to cost, expertise, and time barriers. 5% offer formal training, and 3% lack strategy, though the majority plans to focus on work-life balance, growth and efficiency: rising pay, slower growth, and cautious AI adoption.

đź’Ž Rare Accounting Oddities

DYK powerful valuation methods turning Wall Street into panicking domino games?

Remember 2008? CPAs experienced watching mark-to-market accounting become the uninvited guest of multiple financial crises. 

Under FASB’s new provisions, banks had to value assets depending on market price: however, nobody wanted to buy, leading to a downfall.

Past financial tragedies remind us that accounting isn't just numbers: it can shift markets, destroy giants, and build new terminologies.

P.S. Let us know what you think of today’s newsletter! Send us a feedback by replying to this email, we’d love to hear your insights!