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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.

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8 min read

OMB's Uniform Guidance Overhaul: What the 2 CFR 200 Rewrite Means for Nonprofits on Federal Grants

OMB's proposed Uniform Grants Regulation would replace 2 CFR Part 200 by October 1, 2026 — making the rules binding regulation, eliminating most fixed-amount awards in favor of cost-reimbursement, and adding termination-for-convenience authority. Here's what nonprofit finance teams should do about the 30–60 day reimbursement lag, indirect cost documentation, and new allowability limits before the final rule lands.

Mike Thrift

nonprofitgrantscompliance
9 min read

South Africa's 2026 VAT Threshold Jump: What the New R2.3 Million Line Means for Your Small Business

South Africa's 2026 Budget raises the compulsory VAT registration threshold from R1 million to R2.3 million effective 1 April 2026, lifts voluntary registration to R120,000, and adds a R600,000 tax-free band to turnover tax — here's who should consider deregistering, who shouldn't, and how to keep the bookkeeping clean through the transition.

Mike Thrift

taxtax-compliancetax-planning
9 min read

Return on Equity (ROE) Explained: What It Measures, What Counts as Good, and How to Break It Down

Return on Equity (ROE) divides net income by owner's equity — a 15% ROE means the business earned 15 cents per dollar of the owner's capital. This guide covers healthy benchmarks (12–15% baseline, 15–20%+ strong), the three-part DuPont breakdown of margin, asset turnover, and leverage, and the pitfalls — debt-inflated returns, negative equity, one-time items — that distort the ratio.

Mike Thrift

financial-ratiosprofitabilitysmall-business
8 min read

Bookkeeping for Professional Puppet Makers: Pricing Commissions, Deposits, and Design Rights

Custom puppets sell for $500–$1,500 yet take 20–100 hours to build, so untracked labor quietly destroys margins. How professional puppet makers should price commissions with the materials + labor + overhead + profit formula, book 50% deposits as deferred revenue instead of income, separate design-licensing from fabrication revenue, and handle post-Wayfair sales tax on interstate theater clients.

Mike Thrift

bookkeepingcreative-industriessmall-business
7 min read

Panacea Financial and the Rise of Physician Banking: What Doctor-Focused Lending Teaches Anyone With Unusual Income

84% of medical student borrowers owe $100,000+ and residents earn $60,000–$70,000 while their debt suggests far more — a gap Panacea Financial, a physician-founded division of Primis Bank, underwrites around with no-cosigner PRN loans, refinancing, and practice financing. What niche banking gains, what it gives up, and why the 2026 Grad PLUS elimination changes the math.

Mike Thrift

bankinghealthcareloans
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