06/25/2025

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! 

📝 Journaling Insider

Republican leaders are hurrying to pass a major budget bill before Trump’s July 4 deadline, with Trump demanding lawmakers cancel recess if necessary to “GET IT DONE.” Speaker Johnson warned House members to stay flexible for possible weekend votes as the Senate works on its version. Major striking points include clean energy tax credits rollback, the SALT deduction cap, and Medicaid funding cuts, all compounded by the looming debt ceiling deadline.

The Senate’s proposal for a 40% cut in Medicaid provider taxes has sparked backlash from House GOP centrists worried about devastating impacts on rural hospitals and health centers. Republicans from high-tax states are threatening to block the bill if the Senate weakens the $40,000 SALT cap deal. Fights over clean energy subsidies, tax cut ratios, and spending cuts divide the people, making the bill at potential risk if compromises aren’t reached fast.

Source: CPA Practice Advisor

💰 Making Cents of Accounting

#FinanciallyPermanent💔🩹

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You’ve mastered debits, credits, and making balance sheets due at 11:59 PM. But when someone mentions “Stark Law” or “Value-Based Reimbursement,” do you suddenly feel like exchanging your legal dictionary for a calculator?

Introducing Wisdify’s Healthcare Accounting Series — a CPA-friendly program exploring healthcare accounting minus the legal jargon headaches.

Value-Based Care & Population Health Accounting equip professionals with handling industry changes from fee-for-service to value-based reimbursement. Financial metrics like TCOC, MLR, and PMPM, revenue recognition under ASC 606 & IFRS 15, accounting for risk-sharing agreements, population health investments, social determinants of health will be discussed. Audit readiness, grant compliance, GAAP/IFRS for outcome-driven healthcare models, financial strategy alignment with patient outcomes will be discussed.

Accounting for Healthcare Technology Investments portrays how to assess, account for, report on healthcare technology assets such as EHR systems, SaaS platforms, AI tools, and telehealth solutions. Learners will master ROI, NPV, IRR, payback period calculations, differentiate between capitalizable & non-capitalizable costs, apply correct amortization methods under GAAP and IFRS. The course addresses financial risks, disclosure requirements, income and balance statement reporting impact on cash flows and business statuses. 

If you’ve ever thought about collaborating with premium healthcare clients — or swerving into accounting roles working for a healthcare company — this is your launchpad.

You bring the GAAP foundation. We’ll help you master the HIPAA (and all those fun acronyms).

Become the CPA who doesn’t flinch at healthcare compliance. Your future clients will thank you.

Source: Wisdify

💸 Profit & Loss Report

Xero is acquiring Melio for $2.5 billion in cash and equity, plus up to $500 million in performance-based outlay, reconciling with Xero’s 3×3 strategy to integrate accounting & payments. Xero CEO emphasized the move increases North American revenue, expands customer business segments, and boosts customer lifetime value with subscription transaction models.

Melio’s platform offers flexible A/P and A/R workflows with a strong customer satisfaction score (NPS 45). The deal positions Xero on their $29 billion U.S. SMB payments market by addressing demand for integrated accounting & payment solutions. Once approved, Melio CEO will lead U.S. businesses, enhancing Xero’s growth, customer value, and market competitiveness.

Source: CPA Practice Advisor

💎 Rare Accounting Oddities

Amatino Manucci quietly made history in 1299, producing the earliest known double-entry ledger, strategically using debits and credits for an international merchant firm. That’s nearly 200 years before Luca Pacioli made it famous!

Manucci’s hand-written ledgers captured various transactions, debt reconciliations, and financial movements across borders while using the debit-equals-credit formula being established today. 

No textbook deals — just a medieval accountant balancing financial sheets way ahead of his time. Proof that accountants were changing how the world runs before everyone took notice.