#accounting — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #accounting, aggregated by home.social.
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Why would I buy #accounting software from someone who can't even spell Zero?
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Why would I buy #accounting software from someone who can't even spell Zero?
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Number of the Day: 1,650,000,000,000
This is the total value of debt Alphabet, Amazon, Meta, Microsoft, and Oracle are using accounting tricks to keep it off the books, and it is legal.
Here is how they do it - the company packages the debt for data center chips, servers, and power into a separate legal entity, often a joint venture, so the cost never appears on or flows through its own books/accounting.
Meta’s off-balance-sheet debt is about $420B, nearly triple its reported debt. Oracle’s off-blance-sheet debt has grown roughly thirtyfold in four years.
The companies insist future earnings will more than cover the bills when they become due. https://thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-ai #AI #Debt #BalanceSheet #Accounting #Transparency #Investing #Meta #Oracle #OffBalanceSheet-Debt #AIDataCenters #AIBuildOut #JointVenture #Microsoft #Amazon
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Number of the Day: 1,650,000,000,000
This is the total value of debt Alphabet, Amazon, Meta, Microsoft, and Oracle are using accounting tricks to keep it off the books, and it is legal.
Here is how they do it - the company packages the debt for data center chips, servers, and power into a separate legal entity, often a joint venture, so the cost never appears on or flows through its own books/accounting.
Meta’s off-balance-sheet debt is about $420B, nearly triple its reported debt. Oracle’s off-blance-sheet debt has grown roughly thirtyfold in four years.
The companies insist future earnings will more than cover the bills when they become due. https://thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-ai #AI #Debt #BalanceSheet #Accounting #Transparency #Investing #Meta #Oracle #OffBalanceSheet-Debt #AIDataCenters #AIBuildOut #JointVenture #Microsoft #Amazon
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A lot of CPAs post about how AI “can’t handle finance.”
Reality: AI doesn’t fail in finance, people do. The real risk isn’t the tech; it’s the hype. Thinking AI will magically do the dirty work and replace judgment.
AI works when you build it into your day-to-day workflow, so it streamlines the non-billable, boring stuff and frees you up for the work that actually matters.
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A lot of CPAs post about how AI “can’t handle finance.”
Reality: AI doesn’t fail in finance, people do. The real risk isn’t the tech; it’s the hype. Thinking AI will magically do the dirty work and replace judgment.
AI works when you build it into your day-to-day workflow, so it streamlines the non-billable, boring stuff and frees you up for the work that actually matters.
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Bite Size Economics - an aside - a joke:
A statistician, an economist & an accountant go for a job & are asked to look at the firm's accounts & calculate the interest as a test.
The statistician returns & says: you made £1,445,988.32 profit...
The economist returns & says: well I'm pretty sure you *did* make a profit....
Before the accountant leaves they ask the panel: first, let me check; do you want to make a profit?
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Bite Size Economics - an aside - a joke:
A statistician, an economist & an accountant go for a job & are asked to look at the firm's accounts & calculate the interest as a test.
The statistician returns & says: you made £1,445,988.32 profit...
The economist returns & says: well I'm pretty sure you *did* make a profit....
Before the accountant leaves they ask the panel: first, let me check; do you want to make a profit?
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I wrote down a little story from long long time ago about a little fuck up a client once had with our financial interface and they were supposed to pay over 6 million dutch guilder to some hotel.
https://xiffy.nl/blog/the-day-the-client-went-broke-for-a-day/
#broke #preEuro #accounting #exchangeRates -
Not leading up to an ask for me yet, but my #books will be readable by all. To the #transaction. You can donate #Anonymously, but everyone will be able to see that amount showed up. I'm looking for #blockchain #accounting app running on #Solana because it's so cheap for trx #gas. Must have #rewards.
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Nothing prepared me for how much of #Accounting would be nagging people to pay their bills and get their expenses in.
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Expense management shouldn't mean chasing receipts or wrestling with spreadsheets. From digital receipt capture to automated approvals and accounting integrations, modern tools can reduce admin, improve visibility and give finance teams more time to focus on strategy instead of paperwork.
Read the full story: https://www.techfinitive.com/features/from-spreadsheets-to-strategy-why-expense-management-needs-a-digital-makeover/
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Strong sales don't always mean a healthy business. Everyday accounting mistakes can quietly drain cash, limit growth and undermine long-term stability. Our latest feature explores five common financial pitfalls, with practical advice from industry experts on how to identify and fix them.
Read the full article here: https://www.techfinitive.com/features/how-to-fix-the-five-accounting-mistakes-that-are-costing-you-money/
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We've just released versions 1.13.7 and 1.12.20 of our #double entry #accounting and #invoicing #erp #software. These are minor updates, which refresh the #docker #containers with the latest security fixes; upgrade not required.
Homepage: https://ledgersmb.org
Release notes: https://ledgersmb.org/content/1137-released
Download: https://download.ledgersmb.org/f/Releases/1.13.7/
Container images: https://github.com/ledgersmb/ledgersmb-docker/pkgs/container/ledgersmb -
RE: https://mastodon.social/@grandrapidsnews/116873300072733799
Sooo... #BDO - the world's 5th largest #accounting firm - has just hired a local guy as their new US #CEO , who says his focus will be on audit #quality _and_ #AI adoption. (which reminds me of a slightly reworked addage of: "Do you want it fast with AI, or correct without it?)
I wonder if he's read the insiders report from #OpenAI on the universally expected and unrepairable #MathErrors that #LLM training has cemented into AI?
Report PDF: https://arxiv.org/pdf/2509.04664
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RE: https://mastodon.social/@grandrapidsnews/116873300072733799
Sooo... #BDO - the world's 5th largest #accounting firm - has just hired a local guy as their new US #CEO , who says his focus will be on audit #quality _and_ #AI adoption. (which reminds me of a slightly reworked addage of: "Do you want it fast with AI, or correct without it?)
I wonder if he's read the insiders report from #OpenAI on the universally expected and unrepairable #MathErrors that #LLM training has cemented into AI?
Report PDF: https://arxiv.org/pdf/2509.04664
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⚙️ New service: hands-off accounting automation
On AbraFlexi or POHODA? Stop hand-copying bank statements, matching payments and mailing invoices. I set it up and run it for you — you just watch the result.
78 ready automations, hosted.
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⚙️ New service: hands-off accounting automation
On AbraFlexi or POHODA? Stop hand-copying bank statements, matching payments and mailing invoices. I set it up and run it for you — you just watch the result.
78 ready automations, hosted.
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🚀 Behold, the "Fintech Engineering #Handbook," a thrilling 742-page saga of how to make numbers dance like accountants on caffeine! 🔢💃 With chapter titles like "Precision Handling" and "Executing Money Flows," it's the perfect bedtime story for insomniacs who think the #blockchain isn't quite tedious enough. 😴📚
https://w.pitula.me/fintech-engineering-handbook/ #FintechEngineering #Finance #Innovations #Accounting #Fun #HackerNews #ngated -
🚀 Behold, the "Fintech Engineering #Handbook," a thrilling 742-page saga of how to make numbers dance like accountants on caffeine! 🔢💃 With chapter titles like "Precision Handling" and "Executing Money Flows," it's the perfect bedtime story for insomniacs who think the #blockchain isn't quite tedious enough. 😴📚
https://w.pitula.me/fintech-engineering-handbook/ #FintechEngineering #Finance #Innovations #Accounting #Fun #HackerNews #ngated -
The whole accounting industry is dead and these are just the obituaries being published by PR hacks at the WSJ.
Time for me to move on from this firm and start my own practice.
#privateequity #mergersandacquisitions #cpa #accounting #latestagecapitalism #journalism #PublicAccounting
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The whole accounting industry is dead and these are just the obituaries being published by PR hacks at the WSJ.
Time for me to move on from this firm and start my own practice.
#privateequity #mergersandacquisitions #cpa #accounting #latestagecapitalism #journalism #PublicAccounting
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Spectacular deficits and record revenues: FIFA’s financial cycles are a winning strategy
#FIFA #WorldCup2026 #Football #Soccer #Business #SportsFinance #Accounting #Economics #Canada #Mexico #USA #WorldCup #SportsIndustry #Revenue #Investment #Sports
https://the-14.com/spectacular-deficits-and-record-revenues-fifas-financial-cycles-are-a-winning-strategy/ -
Spectacular deficits and record revenues: FIFA’s financial cycles are a winning strategy
#FIFA #WorldCup2026 #Football #Soccer #Business #SportsFinance #Accounting #Economics #Canada #Mexico #USA #WorldCup #SportsIndustry #Revenue #Investment #Sports
https://the-14.com/spectacular-deficits-and-record-revenues-fifas-financial-cycles-are-a-winning-strategy/ -
"KPMG scandal deepens Big Four accounting firms' woes in Australia"
Why do I feel like this isn't the first time I've heard of controversy surrounding KPMG?
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"KPMG scandal deepens Big Four accounting firms' woes in Australia"
Why do I feel like this isn't the first time I've heard of controversy surrounding KPMG?
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What kinds of occupations do high-functioning autistic adults gravitate towards?
(Weekend musings).I don’t mention it very often, but I tested borderline autistic. Specifically, “Significant autistic traits.” I don’t tend to talk about it because I’m doing well. My wife and I have been married for 52 years, we raised two kids, I have an above average income, and before I started my own business in 2003 I was employed in leadership positions with stock options and the whole bit. Part of the reason I’ve been able to navigate human relationships so successfully is because, in addition to being on the edge of the spectrum, I also have an ungodly high IQ. I know how other people think and how to respond appropriately (most of the time).
My perspective on my own score is this: once I was tested, it explained a lot, and I understand myself better, but I can never use it as an excuse. I can never, ever, say, “I didn’t mean to offend you, I’m just autistic, so deal with it.” See? Using it as an excuse isn’t cool. So I don’t tend to mention it. Most people don’t know, outside of my own family and, now, this forum full of strangers.
I mention it now because it’s relevant to the question that I opened this post with, and that I’m inviting you to discuss: “What kinds of occupations do high-functioning autistic adults gravitate towards?”
I’ve always known that computer-related occupations were a good fit. That’s why I’m here, after all. Long ago, before I was tested, I used to say that most of the people who are really good at hardware and software aren’t all that good at managing people. For the most part, we get along better with nice, predictable machines than we do with messy, unpredictable humans. Just because a person is a great software engineer doesn’t mean they’ll be good at leading the team.
Relevant sidetrack: my wife spent years in the insurance industry. One time she mentioned an actuary at work, some story, I don’t remember, but anyway, I asked her, “What does an actuary do?” She told me and I was like, “Holy cow, outside of technology, I could’ve been perfectly happy as an actuary!” Working with the statistics, and determining how much to charge for a particular risk on the assumption of x number of policies – damn – it would just be fun problem-solving all day long! I can see doing that!
Now, back to the question of what kinds of occupations high-functioning autistic adults might gravitate towards...
On Netflix we watched a movie called “The Accountant,” released way back in 2016. Ben Affleck plays an autistic accountant named Christian Wolff, who is crazy good at his job. Also crazy. And in some ways good.
And just the other night we watched another movie, this time on Paramount+, called “The Big Short.” In this movie from 2015, a couple of stock market analysts figure out what’s happening with the housing market and successfully predict the 2008 collapse of the bubble built on subprime lending. By the time we were thirty minutes into the movie, I’d come to the conclusion, “wow, those guys were on the spectrum.”
So – based on my own feelings when I discovered what an actuary does, knowing my own love for math, and seeing a couple of movies with people involved in various aspects of the financial world, it occurs to me that financial occupations are another area that might attract high-functioning autistic adults. The motivation is probably similar: numbers are predictable, and there are problems to solve – outlier conditions that need to be returned to normal.
If you want to add any insights you’ve uncovered, I’d love to hear more about this topic.
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What kinds of occupations do high-functioning autistic adults gravitate towards?
(Weekend musings).I don’t mention it very often, but I tested borderline autistic. Specifically, “Significant autistic traits.” I don’t tend to talk about it because I’m doing well. My wife and I have been married for 52 years, we raised two kids, I have an above average income, and before I started my own business in 2003 I was employed in leadership positions with stock options and the whole bit. Part of the reason I’ve been able to navigate human relationships so successfully is because, in addition to being on the edge of the spectrum, I also have an ungodly high IQ. I know how other people think and how to respond appropriately (most of the time).
My perspective on my own score is this: once I was tested, it explained a lot, and I understand myself better, but I can never use it as an excuse. I can never, ever, say, “I didn’t mean to offend you, I’m just autistic, so deal with it.” See? Using it as an excuse isn’t cool. So I don’t tend to mention it. Most people don’t know, outside of my own family and, now, this forum full of strangers.
I mention it now because it’s relevant to the question that I opened this post with, and that I’m inviting you to discuss: “What kinds of occupations do high-functioning autistic adults gravitate towards?”
I’ve always known that computer-related occupations were a good fit. That’s why I’m here, after all. Long ago, before I was tested, I used to say that most of the people who are really good at hardware and software aren’t all that good at managing people. For the most part, we get along better with nice, predictable machines than we do with messy, unpredictable humans. Just because a person is a great software engineer doesn’t mean they’ll be good at leading the team.
Relevant sidetrack: my wife spent years in the insurance industry. One time she mentioned an actuary at work, some story, I don’t remember, but anyway, I asked her, “What does an actuary do?” She told me and I was like, “Holy cow, outside of technology, I could’ve been perfectly happy as an actuary!” Working with the statistics, and determining how much to charge for a particular risk on the assumption of x number of policies – damn – it would just be fun problem-solving all day long! I can see doing that!
Now, back to the question of what kinds of occupations high-functioning autistic adults might gravitate towards...
On Netflix we watched a movie called “The Accountant,” released way back in 2016. Ben Affleck plays an autistic accountant named Christian Wolff, who is crazy good at his job. Also crazy. And in some ways good.
And just the other night we watched another movie, this time on Paramount+, called “The Big Short.” In this movie from 2015, a couple of stock market analysts figure out what’s happening with the housing market and successfully predict the 2008 collapse of the bubble built on subprime lending. By the time we were thirty minutes into the movie, I’d come to the conclusion, “wow, those guys were on the spectrum.”
So – based on my own feelings when I discovered what an actuary does, knowing my own love for math, and seeing a couple of movies with people involved in various aspects of the financial world, it occurs to me that financial occupations are another area that might attract high-functioning autistic adults. The motivation is probably similar: numbers are predictable, and there are problems to solve – outlier conditions that need to be returned to normal.
If you want to add any insights you’ve uncovered, I’d love to hear more about this topic.
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LedgerSMB #release 1.13.6 and 1.12.19 published of the #opensource #accounting, #invoicing and #erp software for medium and #smallbusiness. This minor update helps users prepare upgrade to 1.14; upgrades recommended, not required.
Release details: https://github.com/ledgersmb/LedgerSMB/releases/tag/1.13.6
Download: https://download.ledgersmb.org/f/Releases/1.13.6/
Containers: https://github.com/ledgersmb/ledgersmb-docker/pkgs/container/ledgersmb -
LedgerSMB #release 1.13.6 and 1.12.19 published of the #opensource #accounting, #invoicing and #erp software for medium and #smallbusiness. This minor update helps users prepare upgrade to 1.14; upgrades recommended, not required.
Release details: https://github.com/ledgersmb/LedgerSMB/releases/tag/1.13.6
Download: https://download.ledgersmb.org/f/Releases/1.13.6/
Containers: https://github.com/ledgersmb/ledgersmb-docker/pkgs/container/ledgersmb -
Why ‘Progress’ Is Just Someone Else’s Destination with Better PR
explains how progress is not a neutral term and, in practice, may be a trap.
I also discuss other subtopics. 🐺→🐩= #SadPanda
#philosophy #evolution #progress #wolves #poodles #future #history #adoption #cognitivebias #survivorshipbias #Substack #blok #video #accounting #asymetry #colonialism #gemini #ai #claudeai