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#bookkeeping

Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

1710 postsView all tags
Septic Installer and Well Drilling Company Bookkeeping: Per-Job Costing for Drive Time, Dump Fees, and Route Profitability
·mike

Septic Installer and Well Drilling Company Bookkeeping: Per-Job Costing for Drive Time, Dump Fees, and Route Profitability

Septic and well drilling jobs lose margin to drive time, dump fees, and mobilization that never hits the bid. Learn per-job costing for drive time and fees, and the route profitability check that keeps a two-crew operation solvent.

small-business
bookkeeping
finance
Specialty Coffee Roaster Bookkeeping: Costing Green-to-Roasted Coffee Through Shrinkage, Work-in-Process Inventory, and Wholesale vs. Retail Margins
·mike

Specialty Coffee Roaster Bookkeeping: Costing Green-to-Roasted Coffee Through Shrinkage, Work-in-Process Inventory, and Wholesale vs. Retail Margins

From green bean to roasted retail, specialty coffee loses 12–20% weight. Learn how to cost through shrinkage and WIP, value inventory correctly, and separate wholesale from retail margins before the two channels blur profit.

small-business
bookkeeping
finance
Staffing Agency Bookkeeping: How Payroll Funding and Invoice Factoring Close the Gap Between Weekly Payroll and Net-30 Client Payments
·mike

Staffing Agency Bookkeeping: How Payroll Funding and Invoice Factoring Close the Gap Between Weekly Payroll and Net-30 Client Payments

Staffing agencies pay weekly but collect in 30–45 days. Learn how payroll funding and invoice factoring work, what they cost, and the bookkeeping that keeps the spread, reserve, and recourse liability visible.

small-business
bookkeeping
finance
Tattoo Shop Bookkeeping: Booth Rental vs. Commission Split Accounting, No-Show Deposit Liability, and the 1099 Classification Line Most Studio Owners Cross
·mike

Tattoo Shop Bookkeeping: Booth Rental vs. Commission Split Accounting, No-Show Deposit Liability, and the 1099 Classification Line Most Studio Owners Cross

A tattoo shop that treats booth rental and commission splits the same will misstate revenue by 2×. Learn how booth rental is landlord income, commission is shared revenue, and why no-show deposits are liabilities until the needle touches skin.

small-business
bookkeeping
finance
UK Companies House 2026 Filing Overhaul: Software-Only iXBRL Accounts and Mandatory Director ID Verification Explained
·mike

UK Companies House 2026 Filing Overhaul: Software-Only iXBRL Accounts and Mandatory Director ID Verification Explained

Companies House ECCTA reforms require verified director and PSC identities since November 2025, ACSP-gated filing from late 2026, and software-only iXBRL accounts with no abridged option — learn timelines, corporate-director limits, and the bookkeeping changes small companies must make now.

small-business
business-structure
compliance
Business Entity Comparison in 2026: Sole Prop vs. LLC vs. S-Corp vs. C-Corp — Liability, Tax, and the Conversion Costs You Pay Later
·mike

Business Entity Comparison in 2026: Sole Prop vs. LLC vs. S-Corp vs. C-Corp — Liability, Tax, and the Conversion Costs You Pay Later

Sole prop is the default, LLC is the wrapper, S-corp saves SE tax above ~$80K but needs payroll, C-corp is the venture clock — and converting the wrong way can be a taxable liquidation.

business-structure
entrepreneurship
finance
Business Valuation Methods Explained: What Your Company Is Really Worth Before You Sell, Raise, or Step Back
·mike

Business Valuation Methods Explained: What Your Company Is Really Worth Before You Sell, Raise, or Step Back

Learn how appraisers value small businesses using market comparables, discounted cash flow, and asset-based methods — plus how to normalize earnings and avoid the five mistakes that quietly destroy sale price.

business-valuation
small-business
financial-management
Accounts Receivable Aging and Collections Strategy: Recover Cash Before It Becomes Uncollectible
·mike

Accounts Receivable Aging and Collections Strategy: Recover Cash Before It Becomes Uncollectible

Master accounts receivable aging, Days Sales Outstanding calculations, and collections workflows to recover the 10-15% of cash flow most small businesses lose through payment delays.

accounts-receivable
cash-flow
invoicing
Overtime Rule in 2026: The $58,656 Salary Threshold Stay, Duties Test, and the Compliance Checklist for Reclassifying Exempt Employees
·mike

Overtime Rule in 2026: The $58,656 Salary Threshold Stay, Duties Test, and the Compliance Checklist for Reclassifying Exempt Employees

The $58,656 threshold was vacated — $35,568 is the enforceable level — but salary is only a third of exemption; duties decide the rest, and reclassification lives or dies on time records and the regular rate.

payroll
compliance
small-business
Bonus Depreciation in 2026: 40% Under Current Law vs. 100% If OBBBA Retroactivity Passes — How to Model the Swing on an $80K Equipment Buy
·mike

Bonus Depreciation in 2026: 40% Under Current Law vs. 100% If OBBBA Retroactivity Passes — How to Model the Swing on an $80K Equipment Buy

2026 bonus is 40% under current law — $32K on an $80K machine, not $80K — unless OBBBA restores 100% retroactively; here's how to model the swing vs. Section 179 and keep the ledger straight.

tax-compliance
small-business
finance
Choosing a Tax Pro in 2026: CPA vs. EA vs. Attorney, Circular 230 Due Diligence, and the Engagement-Letter Red Flags
·mike

Choosing a Tax Pro in 2026: CPA vs. EA vs. Attorney, Circular 230 Due Diligence, and the Engagement-Letter Red Flags

Credential decides representation — CPA, EA, and attorney are unlimited before the IRS, AFSP is limited — verify PTIN and board standing and insist on a scoped engagement letter.

tax-compliance
small-business
finance
Mexico's RESICO Regime: Simplified Taxes, Mandatory Monthly Compliance
·mike

Mexico's RESICO Regime: Simplified Taxes, Mandatory Monthly Compliance

Mexico's RESICO simplified tax regime offers 1–2.5% flat rates and no annual reconciliation, but requires strict monthly digital invoicing and a MXN 3.5 million income cap.

tax
freelance
self-employment
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