Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Hot sauce is an FDA acidified food, so most states bar it from home kitchens. Budget $500-$1,000 for process review and training before your first bottle.
Hop yard buildout runs $12,000-$15,000 per acre, and the trellis depreciates as 7-year farm equipment while IRS Section 263A decides the plants.
FRF for SMEs is the AICPA's accrual framework for owner-managed firms: amortized goodwill, no VIE analysis, no ASC 842. Check loan covenants first.
Form W-4P defaults new pension payments to single status with no adjustments, not 10%. Check the Step 1 box to elect zero IRS withholding.
IRS and state auditors start with the gap between your POS Z report and your drawer count. Log paid-outs, deposit intact, book the rest to Cash Over and Short.
Agencies obligate 30–40% of annual contract dollars in Q4, peaking in September — how a small firm gets SAM-ready and quotes fast enough to win a share.
A $1,500 drone survey can net a few hundred dollars once US Part 107 fees, hull and payload insurance, and MACRS depreciation enter your per-acre math.
A daily money manager is not a fiduciary until formally appointed — price retainers deliberately, never commingle funds, and log every bill-pay.
An overpayment is a liability, not revenue. Book the excess as a customer credit, park unmatched cash in a clearing account, and escheat stale credits.
A COGM schedule turns raw materials, direct labor, and overhead into a real COGS — plus the WIP counts and Section 263A UNICAP limits that decide margin.
About 70% of a business owner's wealth sits in the business; measure the ratio, then diversify with staged sales, Section 1202 QSBS, and outside accounts.
A bounced check reverses the deposit and reopens the receivable — book the NSF fee as its own expense and apply the redeposit to the invoice, never to revenue.
