Correcting Entries vs. Adjusting Entries: Which One Fixes an Error, Which One Closes the Period
Adjusting entries record what timing left out; correcting entries fix prior errors. Reverse only accruals — reversing a correction resurrects the error.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Callable Debt and Covenant Violations, Explained: When Your Long-Term Loan Lands in Current Liabilities
A covenant breach at the balance sheet date makes long-term debt callable — and callable means current, even if the lender never demands payment.
Basic vs. Diluted EPS, Explained: What Each Share of Earnings Is Really Worth After Options, Warrants, and Convertible Debt
Diluted EPS assumes every option, warrant, and convertible note becomes shares; it is the worst-case number — value the company on it, not on basic EPS.
American Airlines Q3 2026 Earnings: Record $16.3B Revenue, $269M Loss as Fuel Jumps 68%
American Airlines Q3 2026 revenue hit a record $16.3B (+19.3%), yet it lost $269M as fuel rose 68% to $4.6B; Q4 adjusted loss guided up to $1.10/share.
Wells Fargo Q3 2026 Earnings: $1.87 EPS Built on NII Growth and a Shrinking Share Count
Wells Fargo Q3 2026: $1.87 EPS rose 13% on 5% NII growth and buybacks, while revenue missed and mortgage banking fell 39%.
United Airlines Q3 2026 Earnings: Record $17.9B Revenue, $1.0B Profit as Fuel Jumps 62%
United's Q3 2026 revenue hit a record $17.9B, up 17.4%, but adjusted EPS fell 8.6% to $2.54 as fuel jumped 62% to $4.8B.
Travelers Q3 2026: The $9.18 Beat Built on Reserves, Rates, and a $50B Buyback Machine
Travelers Q3 2026: $9.18 core EPS (+13%) on an 86.8% combined ratio and record $1.1B investment income, with $1.8B returned.
Time and Materials vs. Fixed Fee: How to Split Scope Risk With Your Clients
Fixed fee puts scope risk on you; time and materials puts it on the client — a not-to-exceed cap splits the difference. Match the model to scope certainty.
Thermo Fisher Q3 2026 Earnings: 6% Organic Growth, $6.68 EPS and a $9.1B Clario Bet
Thermo Fisher Q3 2026: revenue rose 9% to $12.14B and adjusted EPS 15% to $6.68, as the $9.1B Clario deal added $5.9B of goodwill and new debt.
Tesla Q3 2026 Earnings: Gross Margin Rebounds to 19.6% While R&D Jumps 69%
Tesla's Q3 2026 gross margin rebounded to 19.6% on flat $28.05B revenue, but a 69% R&D jump cut operating income 56% and net income 43% to $787M.
SpaceX Q3 2026 Earnings: Super Intelligence Turns Its First Profit as $14.6B Revenue Beats Expectations by $1.7B
SpaceX Q3 revenue rose 161% to $14.58B and net income hit $4.40B as Super Intelligence earned its first operating profit of $431M.
Same-Store Sales and Sales per Square Foot, Explained: The Two Retail KPIs That Separate Real Growth From New-Store Openings
Same-store sales strip new locations out of retail growth; sales per square foot tests whether each store earns its rent. Formulas and benchmarks.