The Monday 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

Bad Accounting Is Screwing Over Students

Australian students are getting hit with surprise student loan increases, and it's all thanks to lazy government accounting. The problem? HELP debts (their version of U.S. student loans) are tied to inflation, but the way the government calculates it is a mess. Students are seeing their debt grow faster than expected, costing them thousands more.

Last year alone, the inflation adjustment added over $2,000 to some students' debt, even when they weren’t earning enough to make repayments. What’s worse? Some students found out months later, with no heads up.

Source: The North West Star

💎 What’s poppin in accounting

SC Wants Governor to Pick Its Auditor

South Carolina lawmakers are pushing a bill to let the Governor pick the State Auditor instead of a five member board, aiming for “more accountability.” This comes after that $1.8 billion accounting error we talked about a couple weeks ago, which raised serious questions about the state’s financial oversight.

Supporters say the move would make the Auditor more accountable, but critics worry it could turn the role into a political tool rather than an independent watchdog.

Source: MSN News

🚀 Powered by Ignition: Your Growth Partner

Here’s the cheat code!

Automate proposals, billing, payments, and workflows in one platform. More cash flow, less stress. It's like having a full-time admin who never complains or calls in sick.

Want to stop leaving money on the table and actually get paid what you're worth?

Check out ignitions Website

 📊 Weekly Trend Chart

Cheesecake Factory's Menu and Profits Keep Growing

Turns out, bowling is a solid business, and Lucky Strike is proving it. The company has turned high end bowling alleys into cash machines, mixing premium food, cocktails, and nightlife with old-school lanes.

The strategy? Less cheap beer and league nights, more upscale experiences and private events. With rising demand for "experiential entertainment", Lucky Strike is raking in cash while other venues struggle.

#😂

😂 😂

P.S. What'd you think of today's edition? Hit 'reply' to this email and lemme hear it!