#bookkeeping
Bookkeeping
Modern bookkeeping techniques using plain-text and automated workflows
Bhutan's New 5% GST: What Small Businesses and Foreign Sellers Need to Know
On January 1, 2026, Bhutan replaced its nine-rate sales tax (0%–100%) with a flat 5% GST. Registration is mandatory above Nu 5 million (~$58,000) annual turnover — and the rules explicitly cover non-resident SaaS and digital sellers, with a 30-day registration window and a reverse-charge carve-out for verified B2B sales.
Business Owner's Policy (BOP): What the Bundle Covers, What It Costs, and What It Leaves Out
A Business Owner's Policy bundles general liability, commercial property, and business income coverage at 10–15% less than buying them separately — median premiums run $57–$83/month. Here's who a BOP fits, the exclusions that catch owners off guard, and why clean books determine how much a business income claim actually pays.
Chaos Engineering Consultancy Bookkeeping: Separating Game-Day Revenue From Tooling Resale Margin
How chaos engineering consultancies should split resilience-audit, game-day facilitation, automation build-out, and tooling-resale revenue into separate ledger accounts — including ASC 606 agent-vs-principal treatment for license pass-throughs, deferred revenue on fixed-fee audits, and per-engagement-type margin tracking.
CMS Prior Authorization Final Rule: What the 7-Day and 72-Hour Deadlines Mean for Medical and Dental Practices
As of January 1, 2026, CMS-0057-F requires Medicare Advantage, Medicaid, CHIP, and ACA marketplace payers to decide prior authorization requests within 72 hours (expedited) or 7 calendar days (standard) and to give specific denial reasons — with FHIR-based prior auth APIs mandated by January 1, 2027. Here's what small medical and dental practices should do now.
Colorado's New NICU Leave Benefit: What Small Employers Need to Know About FAMLI in 2026
Colorado's FAMLI program now offers up to 12 weeks of paid Neonatal Care Leave for NICU stays, separate from the existing 12 weeks of bonding leave, funded by a 2026 payroll premium of 0.88% of wages split between employer and employee for businesses with 10 or more workers.
Contingency vs. Retained Search Bookkeeping: Why a 90-Day Replacement Guarantee Is a Refund Liability, Not a Freebie
Under ASC 606, a placement fee subject to a replacement-or-refund guarantee is variable consideration — recruiting firms should recognize only the historically-expected portion as revenue and hold the rest in a refund liability account until the guarantee window lapses.
Discord Server Subscriptions and the 1099-K: Why Your Tax Form Shows More Than You Were Paid
Discord issues 1099-Ks through Stripe reporting gross subscriber payments, not your net payout after the ~10% platform fee, Stripe processing, and app-store cuts. Here's how server owners reconcile the gap on Schedule C, what the restored $20,000/200-transaction federal threshold means for 2026, and the self-employment tax that applies either way.
A Divorce Mediator's Guide to Bookkeeping: Retainers, Referrals, and the Home-Office Deduction
Divorce mediators should book retainers as a liability until sessions are billed, claim the home-office deduction on genuinely low overhead, and track referral relationships with attorneys and therapists as a real marketing channel.
The Free Lunch Is Officially Over: What OBBBA's 0% Meal Deduction Means for Your Business in 2026
Starting January 1, 2026, OBBBA's new IRC §274(o) cuts the employer deduction for on-site cafeterias, office snacks, and "convenience of the employer" meals from 50% (or 100%) to zero, while client meals, travel meals, and restaurant employee meals keep their old treatment. Here's the math on what the change costs and how small businesses should restructure their books.
Bookkeeping for Falconry Bird Abatement Businesses
Falconry-based bird abatement businesses must book raptors as fixed-asset overhead (roughly $1,500–$3,000+ per bird per year for food, vet care, and equipment) rather than supplies, and cost each contract individually since day rates and permit obligations vary by site and jurisdiction.
Farmers Market Vendor Bookkeeping: Reconciling Cash, SNAP/EBT Tokens, and Scale Tickets
How farmers market vendors keep cash, card, SNAP/EBT tokens, and nutrition-incentive matches reconciled — log every payment rail the same day, book market-reimbursed tokens as receivables rather than same-day revenue, retain NTEP-certified scale tickets as legal records, and split raw versus processed sales between Schedule F and Schedule C.
Fixed Charge Coverage Ratio Explained: Formula, Benchmarks, and the Loan Covenant That Can Default You on Time Payments
The fixed charge coverage ratio (FCCR) compares operating cash flow to debt payments, leases, taxes, and other fixed obligations. Most lenders set covenant minimums between 1.1x and 1.5x — and dropping below the threshold can trigger technical default even when every payment is current. Here is the formula, the benchmarks, and what actually moves the number.