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

Former CPA sentenced after stealing over $800,000 from bank

A 69-year-old accountant from Clovis, CA just got a year in prison for stealing over $800K from a client’s bank (Wells Fargo). He funneled the money through fake payroll transfers, cashed out before the bank noticed, then handed it to a client who blew it gambling, assuming the client would eventually win big or come into cash and pay him back.

He said it was a loan. The FBI said it was fraud.

Source: DOJ press release

💎 What’s poppin in accounting

Checks Are Back and They're Screwing Up Cash Flow

Turns out 91% of U.S. businesses still use paper checks. That’s up from 75% last year. Why’s that a problem? Because checks are slow, error prone, and make it harder for companies to get their money on time.

Cash flow issues are piling up, companies are waiting longer to get paid and then scrambling to pay suppliers. And it’s not just a tech issue. It’s a people and process issue. Accountants who get their clients to ditch checks, speed up billing, and time payments better can free up cash without needing a full finance system overhaul.

Source: CPA Practice Advisor

 📊 Weekly Trend Chart

Nvidia’s Numbers Make Everyone Else Look Broke

Nvidia just posted 69% revenue growth and 60% profit margins. Most companies dream of hitting a 40% combo. Nvidia’s at 129%.

Even with chip bans and global chaos, they’re printing cash while everyone else is playing catch up. Meta hits 60. Apple? Barely 37. Palantir talks a big game but sits at 59. Nvidia’s in another league, and investors know it.

#😂 

Ok this is genius.

Stealing this for next baby shower I go to (IF MY WIFE IS READING THIS - IM TALKING ABOUT OTHER PEOPLES BABY SHOWER. DON’T GET ANY IDEAS, also, love you)😂 

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