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Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

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12 min read

Stained Glass Studio Bookkeeping: ASC 606 Milestone Billing, OSHA Lead Compliance, and Historic Preservation Tax Credits

A bookkeeping playbook for artisan glaziers and restoration studios — covering ASC 606 milestone recognition on multi-year commissions, OSHA 29 CFR 1910.1025 lead exposure costs, Section 47 historic preservation credit documentation, Section 179 studio equipment expensing, and the KPIs (net multiplier, realization rate, square-foot pricing) that separate profitable studios from breakeven ones.

Mike Thrift

bookkeepingcreative-industriesrevenue-recognition
11 min read

Acupuncture and Traditional Chinese Medicine Clinic Bookkeeping: A Practical Guide for Licensed Practitioners

A working guide for acupuncture and TCM clinics covering ASC 606 across cash-pay, commercial insurance, and Medicare; prepaid package deferred revenue and breakage; herbal pharmacy COGS under FDA dietary supplement rules; Section 179 for treatment tables and electroacupuncture units; and the KPIs lenders and benchmarking services actually track.

Mike Thrift

healthcarebookkeepingrevenue-recognition
10 min read

Antique Dealer and Consignment Mall Bookkeeping: ASC 606, Bailee Inventory, and the Section 1221 Trap

Antique dealers handle per-piece tax classifications, principal-versus-agent revenue questions, and marketplace facilitator sales tax obligations that off-the-shelf retail systems mishandle. This guide explains how to book direct purchases, consignments, and multi-dealer mall sales under ASC 606, the Section 1221 capital-gain trap, and the collectibles 28 percent rate.

Mike Thrift

consignment-accountinginventorysales-tax
14 min read

Axe Throwing Venue Bookkeeping: Lane Bookings, League Memberships, Corporate Events, and Waiver Liability

How axe throwing venues should structure five distinct revenue streams—walk-in lanes, league memberships, corporate events, bar sales, and BYOB pour fees—under ASC 606, including pass-through IATF dues, refundable damage deposits, cost-segregation reclassifications of $40K–$100K of build-out, and the revenue-per-lane-hour KPI that signals when to expand.

Mike Thrift

bookkeepingsmall-businessrevenue-recognition
14 min read

Cannabis Dispensary Bookkeeping Under Section 280E: COGS, METRC, FinCEN BSA, and the KPIs MSOs Track

How disciplined cannabis dispensaries build books that survive Section 280E—segregating COGS from disallowed expenses, applying the Section 471(c) small-taxpayer carve-out, reconciling METRC to the POS to the general ledger daily, handling FinCEN BSA cash-banking and Form 8300 reporting, and reporting the sales-per-square-foot and basket-size KPIs MSO lenders read.

Mike Thrift

tax-compliancebookkeepinginventory
15 min read

Commercial Honey Producer and Beekeeping Operation Bookkeeping: Schedule F, the Section 263A(d) Pre-Productive Period Election, Multi-State Pollination Revenue, and Pounds-Per-Hive KPIs

How commercial honey producers and pollination apiarists structure books for Schedule F, elect out of Section 263A pre-productive period capitalization, depreciate bees as 7-year livestock, source pollination revenue across state lines, comply with FDA honey labeling, and track pounds-per-colony and revenue-per-hive KPIs at a 1,000-hive scale.

Mike Thrift

farmingschedule-ftax
14 min read

Culinary School and Cooking Academy Bookkeeping: Recognizing Prepaid Tuition Under ASC 606, Tracking Ingredient COGS Per Lab Session, and Surviving the Title IV Audit

How accredited and recreational culinary schools should defer tuition under ASC 606, allocate ingredient COGS per lab session, handle Title IV refund calculations, classify chef instructors, and apply Section 179 and 2026 bonus depreciation to kitchen build-out.

Mike Thrift

bookkeepingeducationrevenue-recognition
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