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Mike Thrift

Marketing Manager

Alibaba FY2027 Q1 Earnings: Cloud Revenue +45% While GAAP Net Income Falls 75%

Alibaba's FY2027 Q1 (quarter ended June 30, 2026) posted RMB 268,953 million revenue (+9%) while GAAP net income fell 75% to RMB 10,444 million. AI Cloud and Compute Services revenue accelerated to +45% with adjusted EBITA up 133%, CapEx rose 75% to RMB 67,678 million, and free cash flow swung to a RMB 44,670 million outflow — every line reconciled FY2023–FY2027 Q1 in a public Beancount ledger kept in RMB millions.

The "Ask My Accountant" Account Is Not a Filing Cabinet: How to Clear It for Good

The QuickBooks "Ask My Accountant" account is a question queue, not a category — a balance there distorts your P&L, your deductions, and your loan applications. Here is the four-step process for clearing it (snapshot, recategorize, batch-reclassify, fix the habits) and the 30-minute monthly close that keeps it and its three sibling suspense accounts at zero.

ATM Vault Cash and Surcharge Bookkeeping: The Reconciliation Guide Every Independent Operator Needs

Vault cash is a balance-sheet asset, not revenue — an ATM dispensing $12,000 a month may earn only a few hundred dollars in surcharge and interchange. This guide shows independent ATM operators the journal entries, the weekly three-way match between e-journal, processor settlement and physical count, the full per-machine cost stack, and why cash loads are never deductions.