Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
After closing entries, only assets, liabilities, and equity carry balances forward — the post-closing trial balance proves the close worked.
Unconditional pledges are booked at present value when promised — conditional gifts wait until the barrier falls.
MX enriches transactions best, Finicity leads lending verification, and Plaid connects the most banks — pick your feed by where you bank, not by brand.
Per stirpes routes a deceased beneficiary's share to their descendants; per capita gives it to the surviving beneficiaries instead.
Interval funds repurchase 5–25% of shares quarterly at NAV, but oversubscribed offers prorate — so check the policy, fees, and history first.
Flux analysis compares each account to last period and demands a reason for every material move — catching misposts, stale accruals, and fraud before the close.
C corporations deduct 50%, 65%, or 100% of dividends received — once the stock clears the 45-day holding period. IRS tiers, limits, and traps explained.
The avalanche minimizes interest paid, but research shows snowball users finish more often — pick the payoff order you'll still follow in month 14.
Match each manager's target to their authority: cost centers own spending, profit centers own margin, investment centers earn ROI above the required return.
Estimate changes apply prospectively; principle changes restate history via retained earnings — and the IRS wants Form 3115 for the tax side.
An accrual-basis deduction needs a fixed liability, a determinable amount, and economic performance under IRS Section 461(h) — miss one and it moves a year.
Tax1099 and Avalara start near $3 per form with volume tiers, while IRS IRIS e-files 1099s free — compare price, state filing, and W-9 tools.
