Draw Against Commission Explained: Recoverable vs. Non-Recoverable Draws for Employers
A draw against commission is an advance settled against later commissions. Once paid it is wages under the FLSA, so never claw it back from a final paycheck.
#bookkeeping
Bookkeeping
Modern bookkeeping techniques using plain-text and automated workflows
Hunting Guide and Outfitter Bookkeeping: Deposits, Federal-Land Permits, Per-Hunt Costing, and Insurance
Hunting outfitters must treat 50% client deposits as deferred revenue, accrue the ~3% federal land-use fee on permitted ground, cost every hunt per hunter-day, and carry participant liability coverage — here is the full system.
The IRS Says You Didn't File: What Notice CP59 Means and How to Respond
Notice CP59 means the IRS has no record of your prior-year return. File the missing return, show you already filed, or explain on Form 15103 why none is due — and file your own return before the IRS prepares a substitute one without your deductions.
Live Scan Fingerprinting Service Bookkeeping: Per-Roll Fees, Pass-Through Billing, and the Mobile vs. Storefront Math
DOJ and FBI live scan fees are a liability, not revenue — book only the rolling fee as income, and capitalize the $7,000 scanner or elect Section 179.
Malaysia E-Invoicing in 2026: The RM3 Million Exemption, Phase 4, and the RM10,000 Rule SMEs Must Get Right
As of September 2026, Malaysia exempts businesses under RM3 million from e-invoicing; those above must issue individual e-invoices for sales over RM10,000.
Mandatory Vacations Catch Fraud: The Two-Week Control That Cuts Your Losses in Half
Organizations with mandatory vacation and job rotation report roughly 50% lower fraud losses — here is how small teams run the control.
Only 8 States Tax Manufacturing Equipment: How to Claim Your Machinery Exemption
Thirty-eight states exempt manufacturing machinery from sales tax, but the break works through exemption certificates you hand vendors, not automatic refunds. Alabama, Hawaii, Kentucky, Mississippi, Nevada, New Mexico, and the Dakotas tax equipment in full or at reduced rates, while repair parts, utilities, and missing paperwork trip up makers everywhere.
Your Processor Is Holding 10% of Every Sale: Rolling Reserves, Payout Holds, and How to Book Them
A rolling reserve is your revenue held as restricted cash, not a fee: book the gross sale, debit Funds Held in Reserve, and post releases as asset transfers.
The Three Liquidity Ratios Lenders Check Before Approving Your Loan
Lenders judge a loan application on three numbers — current ratio (1.5+ adequate, under 1.0 a red flag), quick ratio above 1.0, and a DSCR of at least 1.15x for SBA 7(a) and 504 loans.
Togo's Finance Law 2026: Certified B2B E-Invoicing Guide for Small Businesses
Togo's Finance Law 2026 mandates certified e-invoicing for B2B sales between VAT taxpayers, with data reported to the OTR; paper stays valid until go-live.
Void vs. Delete in QuickBooks: Which Button Keeps Your Audit Trail Intact?
Voiding zeroes a QuickBooks transaction but keeps the record; deleting erases it. Void by default and recover mistakes through the Audit Log.
Your Webhook Bill Is COGS, Not Overhead: Bookkeeping for Event-Driven SaaS on Svix and Hookdeck
Svix and Hookdeck bills are cost of revenue, not overhead: split platform fee from metered usage, accrue before invoicing, and track cost per 1,000 events.