07/09/2025

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

Executive Order 14247 mandates the Treasury to end the majority of paper checks in federal payments by September 30, 2025. Digital change reduces fraudulent activities, inefficiencies with limited exceptions. Treasury received public comments, including from AICPA and TXCPA, raising concerns on the digitized movement’s impact on unbanked and vulnerable taxpayers.

Tax groups argue how deadlines were too soon for proper IRS systemized updates and current public outreach. AICPA and TXCPA call for delays, suggesting a new deadline of January 2026 and limited paper checks until 2026. Concerns include limited digital options and poor internet access, warning how e-refunds can’t be easily done, risking penalties and confusion.

Source: Thomson Reuters

🧮 COOL AF! (Cool Accounting Facts!)

Fraud detection is now running on blockchain and machine learning. Triple-Entry Accounting (TEA) meets AI uses blockchain when creating timestamped financial records and machine learning in catching anomalies faster.

Additionally, tech-savvy firms have already been piloting this combination globally, with some reporting lesser false positives, stronger data security, and on-chain transparency without sacrificing data privacy (yes, it's magic ✨).

Triple-entry methods + AI establishment = your new favorite accounting duo. It’s like Batman and Robin’s partnership, but for professional CPA’s—with less brooding and more auditing victories claimed. 

You’re a magician with spreadsheets but Stark Law or HIPAA gets mentioned, your instinct is running away faster than loading your Excel spreadsheet. 

Wisdify’s Healthcare Accounting Series begins with translating legal terminologies with healthcare abbreviations into CPA-friendly knowledge.

📊 Healthcare Finance Data Analysis in Excel

Turn intimidating healthcare numbers into result-driving dashboards. This professional, hands-on course primarily teaches you how to:

• Break down healthcare revenue and cost structures
  

• Make dynamic Excel information-packed spreadsheets
  

• Establishing ROI solving and various cash flow models
  

• Build executive dashboards for your C-Suite executives

🌿 Healthcare ESG Reporting

Sustainability meets spreadsheets. ESG reporting might feel like it's directly from a buzzword bingo, but this course makes everything sensible for you— the number wrangler. Learn how to:

• Aligning your ESG movements with financial reporting
  

• Navigating GRI, TCFD, and GHG Protocol frameworks
  

• Eco-conscious upgrades and community health programs
  

• Reporting ESG metrics exceptional data control systems

Perfect for CPAs, finance bros, and sustainability leaders hoping to build a meaningful difference—land big-ticket healthcare clients while you're at it.

Now is your golden moment. Just bring your spreadsheet abilities—Wisdify will help you do the rest.

Source: Wisdify

🔢Numbers Don’t Lie

Supreme Court has allowed President Trump to advance with cutting federal jobs under an executive order, affecting 19 agencies including the IRS and EPA. The unsigned order incites a lower court block, allowing layoffs to begin while legal challenges remain. Justice Jackson dissented, calling the move legally questionable, while Justice Sotomayor joined majority votes.

The mentioned plan is being supported by an executive memo led by the Department of Government Efficiency, aimed for swift downsizing. Critics, including various unions and local governments, warn of irreversible harm if courts end up rejecting the plan. Solicitor General Sauer defended the cuts as necessary and cost-saving, while the case remains active for now. 

Source: CPA Practice Advisor 

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