Tap to Pay on iPhone and Android: Take Cards With No Terminal — and What It Really Costs
Tap to Pay skips the $59 reader but still pays 2.6–2.7% card-present rates; a per-tap surcharge and the IRS 1099-K decide whether phone-only actually wins.
#bookkeeping
Bookkeeping
Modern bookkeeping techniques using plain-text and automated workflows
Bag Charges Are Not Merchandise Sales: A Retailer's Guide to California's Bag Ban and Washington's Fee Hike
California's 10-cent paper bag charge is excluded from taxable sales, while Washington's 12-cent plastic bag charge is taxable — book each in its own account.
CPR and First-Aid Training Business Bookkeeping: Equipment Costs, Card Fees, and Pricing That Holds Margin
AHA eCards run $11.50–$22.50 per student, so a $75 US first-aid seat nets under $49. Price CPR classes off the per-student stack and book cards as COGS.
Credit Memos and Debit Memos Explained: Correct Invoices Without Deleting History
A credit memo reduces what a customer owes and a debit memo increases it — both correct an invoice without deleting it, so the audit trail survives.
Why Your Cut-Flower Farm Needs Two Markups: Weddings vs. Market
Weddings and farmers-market bunches need separate markups: market bouquets hold ~55% margin on stem cost, while wedding quotes must carry 15-25 design hours.
DAO Treasury Bookkeeping: How to Reconcile a Multisig, Track Stablecoin Runway, and Account for Contributor Grants
Reconcile the multisig monthly, count runway in stablecoins only, and book grants payable at approval — three habits that keep a U.S. DAO treasury auditable.
Donut Shop Bookkeeping: Costing 4 A.M. Labor, Fry-Oil Shrinkage, and the Wholesale-vs-Retail Split
Donuts cost cents to make, yet profit leaks through 4 a.m. labor, fryer oil, and day-old waste — track each line to hold food cost under 30%.
Lending Your Own Money for a Living: Licensing, Usury Caps, and Bookkeeping for Hard Money Lenders
US private lending: business-purpose loans escape licensing and usury caps only if documented so, points count as interest, and IRS Section 166 rules bad debt.
Bookkeeping for Martial Arts Schools: Why Testing Fees, Merchandise, and Autopay Need Separate Revenue Lines
Split dojo income into six revenue lines — dues, testing, pro shop, privates, camps, parties — and carry prepaid tuition as deferred revenue, not income.
Private-Duty Nursing Agency Bookkeeping: Authorizations, Shift Payroll, and Unpaid Claims
US Medicaid authorizations cap private-duty nursing revenue while payroll runs weekly — track auth balances, reconcile EVV, and hold DSO at 40–45 days.
Sheep Farm Bookkeeping: Breeding Flock vs. Market Lambs, Wool Checks, and the Enterprise Budget That Tells You If Ewes Pay
Cull ewes held over 12 months qualify for Section 1231 gain on Form 4797 — not Schedule F — skipping self-employment tax.
Accounts Receivable Best Practices: How to Cut Your Collection Time from 45 Days to 30
Cut DSO from 45 days to 30 with six habits - same-day invoicing, written terms, electronic payment, scheduled follow-ups, dispute triage, and credit limits.