Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Spotify's Q2 2026 report put revenue at EUR 4.2 billion (+33.3% year over year), crossed 300 million Premium subscribers for the first time, and set a record 30.1% gross margin — while the EUR 670 million Q3 operating-income guide landed roughly EUR 80 million below consensus. Every figure is reconciled in a public Beancount ledger covering FY2021 through FY2026Q2.
Shopify's Q2 2026 (quarter ended June 30, 2026) reported GMV of $115.6B up 32% YoY, revenue of $2.8B up 34%, net income of $420M at a 15.0% net margin, and an 18% free-cash-flow margin — its twelfth consecutive positive-FCF quarter — reconciled line by line in a public Beancount ledger.
The 10% Section 122 surcharge expired July 24, 2026 after 150 days and was replaced by 10-12.5% Section 301 duties; CBP's CAPE portal has already paid $23.7 billion of an estimated $166 billion in IEEPA refunds — learn how to re-model landed cost per SKU, track entry-level recoveries, and avoid booking refunds as income too early.
Starting July 1, 2026, QuickBooks Workforce and QuickBooks Online Payroll will automatically pay and file every payroll tax you have set up — 941, 940, state withholding and SUTA — with no option to turn off automated taxes. Learn which deposits and forms are affected, how bank-debit timing hits cash flow, why the one-time July 1 FUTA catch-up matters, and the double-entry bookkeeping that keeps liabilities matched to debits and filed returns.
For tax years starting in 2026, OBBBA makes the 20% qualified business income deduction permanent, widens the married-joint phase-in range to $394,600–$544,600, and adds a $400 minimum for taxpayers with more than $1,000 of QBI — so a $1,500 profit yields $400 instead of $300.
Florida SB 606 takes effect July 1, 2026 and redefines restaurant fee disclosure: every mandatory operations charge — service charges, auto-gratuities, delivery fees, and card surcharges — must be shown on menus, contracts, and ordering apps in compliant font, on the face of the bill, and as three separate receipt lines for tip, operations charge, and sales tax. Learn what counts as an operations charge, where to disclose, and how to book each line correctly.
FinCEN's March 2025 interim final rule exempts domestic LLCs and corporations from BOI reporting, but the relief lives in regulation; H.R. 425 would codify it in statute—this guide explains who is exempt today, who still must file (foreign reporting companies), and the bookkeeping to keep while Congress decides.
Eli Lilly Q2 2026: $12.2B revenue, $8.38 adjusted EPS, raises full-year guide to $85–87B as GLP-1 sales compound — tracked via public Beancount ledger.
eBay's July 1, 2026 fee reform cuts final value fees to flat 5% for used and refurbished goods and raises new-goods fees to 7% for commercial sellers on selected marketplaces. Learn how the 5% vs 7% split changes reseller margins, why private sellers are unaffected, and how to reconcile gross 1099-K sales to net payouts without losing the fee deduction.
Learn how small businesses should book customer refunds as contra-revenue, not expenses — covering Schedule C line 2, sales-tax payable reversals, inventory COGS adjustments, payment processor reconciliation, and ASC 606 refund liabilities with a monthly workflow to keep net sales accurate.
Coinbase Q2 2026: $1.22B revenue misses as transaction fees fall 18.5% while subscriptions hold — Everything Exchange diversification barely tested — tracked via public Beancount ledger.
HHS's May 12, 2026 final rule restoring CCDF flexibility rescinded four 2024 mandates — the 7% co-payment cap, grants-or-contracts set-aside, prospective payment, and enrollment-based billing — effective July 13, 2026. Learn what attendance-based reimbursement means for daycare cash flow, how the 85% and five-day absence thresholds work, and which bookkeeping habits keep subsidy revenue predictable.
