Mike Thrift
Marketing Manager
AASB 1061 Tier 3: An Implementation Playbook for Australia’s Smaller Not-for-Profits
AASB 1061 creates a simplified Tier 3 general purpose reporting framework for eligible Australian private-sector not-for-profits, mandatory for annual periods beginning on or after 1 July 2029. Here is what changes for leases, grant revenue, financial instruments, and donated assets — and the records, registers, and policies to build before the first Tier 3 year closes.
ACH Reversals Explained for Small Businesses: When You Can Correct a Payment—and When You Need a Return
Under the Nacha Operating Rules, an ACH reversal corrects only a sender's qualifying error—a duplicate, wrong amount, wrong account, or qualifying wrong date—and must reach the receiving bank within five banking days of settlement. This guide explains how reversals differ from returns and R10/R11 unauthorized-debit claims, and how to record each event so payments stay reconcilable.
Amazon’s New Business Cards: What Small Businesses Need to Reconcile in 2026
Amazon's Prime Business Card and Amazon Business Card, issued by U.S. Bank on Mastercard, launched May 13, 2026 with 5% or 3% back on Amazon purchases up to a combined $150,000 annual cap. This guide shows small businesses how to reconcile the card migration, book reward credits as cost reductions, and track 0% APR installment purchases as liabilities.
AWS Marketplace Seller Bookkeeping: Reconcile Gross Revenue, Listing Fees, Taxes, Refunds, and Delayed Disbursements by Offer
How AWS Marketplace sellers can keep deposits from masquerading as revenue — book gross billings at the transaction level, record listing fees separately, classify the three tax-share scenarios, reverse refunds against the original offer, and reconcile net disbursements to the bank using clearing accounts, offer IDs, and bank trace IDs.
Embedded Business Lending for Freelancers: How to Compare Offers Before You Borrow
Embedded lending marketplaces like Lili's Lendio integration put loan applications inside your banking dashboard, but the lender—not the platform—sets your terms. A practical framework for freelancers to compare net proceeds, total repayment, factor rates, and payment burden, stress-test a slow month, and record the debt properly before accepting an offer.
Form 8822-B Explained: The 60-Day Responsible-Party Update and Business Address Checklist
Form 8822-B updates the IRS record of a business's mailing address, physical location, or responsible party — and the IRS requires responsible-party changes to be reported within 60 days. Learn who counts as the responsible party, how to complete lines 5–9, where to mail the form, and which records to keep.
Freelance Translator and Interpreter Bookkeeping: Reconcile Every Word, Hour, Currency, and Agency Cut
A bookkeeping system for freelance translators and interpreters that tracks per-word, hourly, and project income separately, reconciles agency statements from gross invoice to net deposit, records foreign-currency receipts at documented exchange rates per IRS rules, and measures effective hourly rates — with a chart of accounts and monthly close checklist.
Holiday Light Installation Bookkeeping: Make Six Busy Weeks Fund the Whole Year
A holiday light installation business can collect most of its annual cash in six weeks and still run dry by August. This guide builds the bookkeeping system that prevents it — a 12-month cash forecast with three scenarios, job-level costing, customer deposits held as liabilities until earned, an asset register for reusable lights, mileage and labor records, and a daily-weekly-monthly close routine that survives the rush.
IFRS for SMEs Third Edition: What Changes Before 1 January 2027
The IASB's third edition of the IFRS for SMEs Accounting Standard, issued February 2025, takes effect for annual periods beginning on or after 1 January 2027. It rewrites revenue recognition on a simplified IFRS 15 model, moves business combinations to the acquisition method, consolidates financial instruments, adds a dedicated fair value section, and adopts a single control model—while deferring IFRS 16 leases and expected credit losses. This guide covers scope, the key section changes, and a five-step 2026 implementation plan.
Real-Time Settlement and Instant Payment Accounting: How FedNow and ISO 20022 Change Bank Reconciliation
FedNow and the RTP network settle payments 24/7, so a bank balance can change before your books do. How to reconcile instant payments with a five-state payment lifecycle (approved, submitted, accepted, settled, returned), a clearing-account chart-of-accounts pattern, ISO 20022 identifiers worth preserving, and a 30-day rollout plan for small businesses.
Regulation S-P in 2026: The Incident-Response, Customer-Notice, and Recordkeeping Checklist for Small RIAs and Broker-Dealers
The SEC's amended Regulation S-P has applied to smaller covered institutions since June 3, 2026, requiring a written incident-response program, customer notice within 30 days of awareness, and 72-hour service-provider breach escalation. A practical checklist for small RIAs, broker-dealers, and transfer agents covering the notice decision, vendor oversight, disposal rules, and the records that prove each step.
Restricted Cash Under ASC 230: A Practical Guide to Separating Unavailable Funds and Reconciling Cash Flow
Restricted cash is real money you cannot freely spend—lender reserves, escrow, customer deposits. ASC 230 requires the statement of cash flows to reconcile the combined total of cash, cash equivalents, and restricted cash, and transfers between restricted and operating accounts are not cash flows. This guide shows small businesses how to identify restrictions, keep them in separate ledger accounts, reconcile releases monthly, and tie the cash-flow statement back to the balance sheet.