The Wednesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

AI Startup Bags $34M to Shake Up Accounting

Basis, an AI startup, just secured $34 million to automate accounting tasks. Their AI acts like a junior accountant, handling data entry and accuracy checks, and integrates with systems like QuickBooks and Xero.

Accounting firms using Basis have cut work time by up to 30%. With a shortage of accountants as baby boomers retire and fewer new candidates entering the field, Basis aims to fill the gap and transform the industry.

💎 What’s poppin in accounting

KPMG's Revenue Climbs to $38.4B

KPMG’s revenue hit $38.4 billion this year, up 5.4% from last year. Tax and legal services grew by 10%, audits by 6%, and advisory services by 2%.

The growth came from smart moves in tech, AI, and ESG initiatives, keeping KPMG at the top of its game.

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 📊 Weekly Trend Chart

What We Googled the Most in 2024

Turns out, we spent 2.4 billion hours on Wikipedia this year, and the top article? “Deaths in 2024” with 44 million views. True crime lovers flocked to the Menendez brothers’ page (thanks, Netflix), and movie fans couldn’t get enough of “Deadpool & Wolverine.”

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