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#bookkeeping

Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

1635 postsView all tags
Professional Organizer Bookkeeping: Package Pricing, Client Property Liability, and Why the Donation Deduction Isn't Yours
·mike

Professional Organizer Bookkeeping: Package Pricing, Client Property Liability, and Why the Donation Deduction Isn't Yours

A bookkeeping guide for professional organizers covering how to book package deposits and maintenance retainers as unearned revenue, the insurance clients expect (general liability, E&O, workers' comp — roughly $1,500–$3,000/year), why the Goodwill donation deduction belongs to the client rather than the organizer, and when a day helper must be classified W-2 instead of 1099.

bookkeeping
small-business
self-employment
Bookkeeping for Resume Writers and Career Coaches: Deferred Revenue, Package Pricing, and 1099 Writers
·mike

Bookkeeping for Resume Writers and Career Coaches: Deferred Revenue, Package Pricing, and 1099 Writers

A $2,400 coaching package paid in April but delivered through July isn't April income. How resume writers and career coaches should split package payments into deferred revenue, recognize each resume, LinkedIn rewrite, and coaching call as delivered, track 1099 contract writers, and deduct CPRW and ICF certification costs.

bookkeeping
coaching
revenue-recognition
RV Rental Bookkeeping: Why the IRS May Tax Your Motorhome Like a Vacation Home
·mike

RV Rental Bookkeeping: Why the IRS May Tax Your Motorhome Like a Vacation Home

Section 280A can classify a rented RV as a dwelling unit, capping deductions once personal use exceeds 14 days or 10% of rental days. How peer-to-peer RV hosts should keep a use-day log, choose between 5-, 7-, and 27.5-year depreciation, apply 100% bonus depreciation or Section 179, and record platform commissions gross instead of net.

bookkeeping
small-business
side-hustle
The Silver Tsunami: A Financial Readiness Guide to Baby Boomer Business Exits
·mike

The Silver Tsunami: A Financial Readiness Guide to Baby Boomer Business Exits

More than half of U.S. small-business owners are now over 55, but only 15-20% have gotten a professional valuation and just 25-30% have a written succession plan — here's the financial cleanup exit-planning advisors recommend starting two years out.

business-acquisition
small-business
financial-planning
Sneaker Resale Bookkeeping: Cost Basis, Cop-and-Flip Inventory Tracking, and Why StockX/GOAT 1099-Ks Rarely Match Your Actual Profit
·mike

Sneaker Resale Bookkeeping: Cost Basis, Cop-and-Flip Inventory Tracking, and Why StockX/GOAT 1099-Ks Rarely Match Your Actual Profit

A 1099-K from StockX or GOAT reports gross payments, not profit. Here's how sneaker resellers track per-pair cost basis, apply FIFO to cop-and-flip inventory, deduct platform fees that run 10-12% per sale, and meet the restored $20,000/200-transaction reporting threshold with clean books.

bookkeeping
side-hustle
inventory
Solar Panel Cleaning Business Bookkeeping: Turning Soiling-Loss Data Into a Recurring-Contract Pricing Model
·mike

Solar Panel Cleaning Business Bookkeeping: Turning Soiling-Loss Data Into a Recurring-Contract Pricing Model

NREL data puts solar soiling losses at ~5% of output nationally and 25%+ in dusty climates — the basis for pricing 2–4 cleanings a year. How solar panel cleaning operators should book prepaid annual contracts as deferred revenue, track fuel and water per job to capture 15–25% route-density gains, and record DI systems and fall-protection gear as Section 179-eligible assets.

bookkeeping
small-business
revenue-recognition
Starting a Microschool or Learning Pod: The Bookkeeping and Business Structure Guide
·mike

Starting a Microschool or Learning Pod: The Bookkeeping and Business Structure Guide

Roughly 1 in 20 K-12 students now attends a microschool, and 38% received state school-choice funds in 2025 — here's how to choose an LLC vs. 501(c)(3), price tuition against ESA timing mismatches, and track per-student revenue from day one.

education
entrepreneurship
small-business
Substack and Newsletter Writer Taxes: Schedule C, the Hobby-Loss Trap, and What You Can Deduct
·mike

Substack and Newsletter Writer Taxes: Schedule C, the Hobby-Loss Trap, and What You Can Deduct

Paid newsletter revenue on Substack, Ghost, or beehiiv is Schedule C self-employment income — owing 15.3% SE tax, quarterly estimates once you owe over $1,000, and facing a new 90% cap on hobby-expense deductions in 2026. Here's how the 1099-K thresholds, the 13–19% effective platform-fee cost, and the deduction rules actually work for writers.

tax
self-employment-tax
freelance
Teeth-Whitening Studio Bookkeeping: Why an 85% Gross Margin Can Still Hide a Losing Business
·mike

Teeth-Whitening Studio Bookkeeping: Why an 85% Gross Margin Can Still Hide a Losing Business

Teeth-whitening studios often run an 85%+ gross margin on sessions but fail because they recognize prepaid package revenue too early, skip inventory shelf-life write-offs, and miscategorize licensing costs tied to their state's cosmetic-vs-dental classification.

teeth-whitening
small-business
bookkeeping
Used Cooking Oil Collection: A Bookkeeping Guide for a Commodity Business on Wheels
·mike

Used Cooking Oil Collection: A Bookkeeping Guide for a Commodity Business on Wheels

A single 50-gallon barrel of used cooking oil is worth $100-185 to a biodiesel refiner, so collectors must book collected-but-unsold oil as inventory-in-transit, track actual weighed pounds per stop rather than estimates, and reconcile collected-to-shipped volume weekly to catch theft and double-invoicing before it erodes route profitability.

small-business
bookkeeping
inventory
Wildlife & Nuisance Animal Control Bookkeeping: Trip Fees, Trapping Revenue, and Warranty Reserves
·mike

Wildlife & Nuisance Animal Control Bookkeeping: Trip Fees, Trapping Revenue, and Warranty Reserves

How wildlife and nuisance animal control operators should structure their books: separate revenue codes for trip fees ($75–$200), per-animal trapping charges ($100–$250), and exclusion jobs; amortize NWCO licenses on each state's actual term; and accrue a warranty reserve from real callback rates instead of expensing redo visits as they land.

pest-control
bookkeeping
small-business
Wine Bar and Wine Shop Bookkeeping: FIFO Inventory, By-the-Glass Costing, and the On-Premise/Off-Premise Split
·mike

Wine Bar and Wine Shop Bookkeeping: FIFO Inventory, By-the-Glass Costing, and the On-Premise/Off-Premise Split

A 750ml bottle yields about 5 five-ounce pours, and wine pour cost typically runs 25–30% versus 18–24% for liquor. This guide covers FIFO costing by vintage, by-the-glass yield math, shrinkage as a real COGS line, and why wine bars need separate on-premise and off-premise revenue and COGS accounts from day one.

bookkeeping
inventory
cost-of-goods-sold
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