Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Brex's Accounting API syncs card and bill transactions to your ERP in real time — but clean your chart of accounts first, or automation scales the mess.
Book depreciation follows GAAP matching; tax depreciation follows MACRS plus Section 179 and bonus — so one asset shows two different expenses.
AI agents code construction invoices to job and cost code and draft change orders — same-day documentation recovers 85 to 95 percent of added costs.
A troubled debt restructuring needs financial difficulty plus a lender concession — book a gain if future payments fall below carrying amount.
Under ASC 606, a payment gap over one year splits interest from revenue: advance payments accrete interest expense, deferred billing earns interest income.
Rule 147 lets a local company raise unlimited capital from in-state residents only; Rule 504 allows up to $10M from anyone but keeps state filings.
Reverse positive pay shows you every check presented yesterday — approve or return each by the daily cutoff, no issue file required.
A promise without a contract binds when you reasonably relied on it to your detriment — but recovery covers reliance costs only, so confirm deals in writing.
Under UCC 2-601, buyers may reject goods that fail the contract in any respect — unless the seller cures or the deal is an installment contract.
A no-shop bars soliciting rival bids after signing; a go-shop allows a 30-to-60-day market check with a reduced breakup fee if a better offer wins.
A negative pledge clause bars you from pledging assets to new lenders — breach it and your loan can accelerate. Carve-outs, cures, and negotiation levers.
An imprest fund holds a fixed balance of cash plus receipts; replenish monthly, book gaps to Cash Short and Over, and keep custody and approval separate.
