Capital Turnover Ratio Explained: How Many Sales Dollars Each Dollar of Capital Produces
Capital turnover is net sales divided by average capital employed — a 3.0 ratio means each dollar of capital produced three dollars of sales that year.
Blog
Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
California's CAMERA Act: What Talent Agents, Managers, and Coaches Who Work With Minors Must Do Now
California talent agents, managers, and coaches became mandated reporters January 1, 2026; a missed report is a misdemeanor. Here's the compliance checklist.
Brewing Kombucha for Sale? The 0.5% ABV Line That Turns Tea Into a Regulated Alcohol Beverage
Kombucha hitting 0.5% ABV at any point — even in the bottle — becomes a TTB-regulated alcohol beverage: Brewer's Notice, formula approval, federal excise tax.
Backflow Testing Business Bookkeeping: Certification Costs, Annual Test Contracts, and Gauge Calibration
Backflow testers bill $70-$300 per assembly on a mandated annual retest cycle - track calibration, registrations and prepaid plans as their own ledger lines.
Your Income Isn't Level: The Annualized Income Method on Form 2210
Form 2210 Schedule AI matches each IRS estimated-tax installment to income earned by March 31, May 31, Aug 31 and Nov 30 — it can only shrink your penalty.
Your Audit Just Got a Color: What a Yellow Book (GAGAS) Audit Means for Nonprofits and Contractors
A Yellow Book (GAGAS) audit adds internal-control and compliance reporting to a financial audit — required for nonprofits spending $1M+ in federal awards.
Your Webhook Bill Is COGS, Not Overhead: Bookkeeping for Event-Driven SaaS on Svix and Hookdeck
Svix and Hookdeck bills are cost of revenue, not overhead: split platform fee from metered usage, accrue before invoicing, and track cost per 1,000 events.
Void vs. Delete in QuickBooks: Which Button Keeps Your Audit Trail Intact?
Voiding zeroes a QuickBooks transaction but keeps the record; deleting erases it. Void by default and recover mistakes through the Audit Log.
Togo's Finance Law 2026: Certified B2B E-Invoicing Guide for Small Businesses
Togo's Finance Law 2026 mandates certified e-invoicing for B2B sales between VAT taxpayers, with data reported to the OTR; paper stays valid until go-live.
The Three Liquidity Ratios Lenders Check Before Approving Your Loan
Lenders judge a loan application on three numbers — current ratio (1.5+ adequate, under 1.0 a red flag), quick ratio above 1.0, and a DSCR of at least 1.15x for SBA 7(a) and 504 loans.
Starting a Tax Preparation Business: The PTIN, the EFIN Suitability Check, the E-File Mandate, and the Due-Diligence Rules You Need Before Taking Your First Paying Client
A PTIN, an EFIN after a 45-day IRS suitability check, and Form 8867 diligence on every credit return — the federal startup checklist for paid preparers.
Section 179 Recapture: How the IRS Claws Back Your Deduction When Business Use Drops to 50% or Less
Section 179 recapture applies when business use drops to 50% or less in any recovery-period year: the clawback is ordinary income on Form 4797, Part IV.