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#bookkeeping

Bookkeeping

Modern bookkeeping techniques using plain-text and automated workflows

1623 postsView all tags
Trust, But Validate: Why Handing Estimated Taxes and Worker Classification to AI Bookkeeping Tools Without Human Review Is a 2026 Risk Small Businesses Can't Afford
·mike

Trust, But Validate: Why Handing Estimated Taxes and Worker Classification to AI Bookkeeping Tools Without Human Review Is a 2026 Risk Small Businesses Can't Afford

AI bookkeeping tools can draft returns and classify workers, but they hallucinate law changes and miss control tests. Learn where human review is non-negotiable for estimated taxes and 1099 vs W2 decisions in 2026.

small-business
bookkeeping
tax-compliance
Used-Vehicle Dealer Compliance in 2026: FTC Buyers Guide, Warranty Disclosure, and the Inventory Costing That Keeps Gross Profit Honest
·mike

Used-Vehicle Dealer Compliance in 2026: FTC Buyers Guide, Warranty Disclosure, and the Inventory Costing That Keeps Gross Profit Honest

Every used vehicle needs its FTC Buyers Guide on the window with one warranty box checked — and each VIN's ACV plus recon, floorplan curtailment, and F&I reserve must tie to the guide the deal delivered.

compliance
business
finance
Affiliate Marketing Website Bookkeeping: Schedule C, 1099-NEC Gaps, and Recordkeeping for Niche Site Owners
·mike

Affiliate Marketing Website Bookkeeping: Schedule C, 1099-NEC Gaps, and Recordkeeping for Niche Site Owners

Affiliate marketing income is not passive — it's Schedule C business income. Learn how to handle 1099-NEC gaps, track network payouts, capitalize content costs, and keep records that survive an IRS check for niche site owners.

small-business
tax-compliance
bookkeeping
Auction House Bookkeeping: How the Buyer's Premium Becomes Revenue While the Hammer Price Stays a Liability You Owe the Consignor
·mike

Auction House Bookkeeping: How the Buyer's Premium Becomes Revenue While the Hammer Price Stays a Liability You Owe the Consignor

An auction house that books the hammer price as revenue will overstate sales by 4× and create an IRS mismatch. Learn how the buyer's premium is revenue, the hammer is a liability, and how to settle and 1099 the consignor correctly.

small-business
bookkeeping
finance
Backup Withholding in 2026: When 24% Applies, How to Avoid It With Valid W-9s, and the CP2100 Notice Response
·mike

Backup Withholding in 2026: When 24% Applies, How to Avoid It With Valid W-9s, and the CP2100 Notice Response

Backup withholding is 24% flat on reportable payments when the TIN is missing or the CP2100 says it is wrong — cured by a W-9 before payment and two B-notices within 15 business days, reported on Form 945.

tax-compliance
finance
small-business
Candle and Soap Maker Bookkeeping: Turning Wax, Fragrance, and Lot Numbers Into an IRS-Defensible COGS When a CPSC Recall Hits Your Batch
·mike

Candle and Soap Maker Bookkeeping: Turning Wax, Fragrance, and Lot Numbers Into an IRS-Defensible COGS When a CPSC Recall Hits Your Batch

Candle and soap makers turn wax and fragrance into COGS by lot, not by month. Learn how to build batch costing with lot numbers, track WIP and finished goods, and keep a recall-ready ledger that proves which batch went to which customer.

small-business
bookkeeping
finance
Candle and Soap Making Bookkeeping: Batch Costing Wax, Fragrance, and Lye, Inventory Shrinkage From Testing, and Pricing a Handmade Product Above the Craft-Fair Discount Trap
·mike

Candle and Soap Making Bookkeeping: Batch Costing Wax, Fragrance, and Lye, Inventory Shrinkage From Testing, and Pricing a Handmade Product Above the Craft-Fair Discount Trap

Candle and soap makers lose margin to untracked shrinkage from testing and giveaways. Learn batch costing by wax and fragrance, how to value WIP, and pricing that covers the craft-fair discount that eats profit.

small-business
bookkeeping
finance
Computer Repair Shop Bookkeeping: Costing Refurbished Inventory, Splitting Break-Fix From Recurring MSP Revenue, and Why Data Recovery Margins Are the Business's Best-Kept Secret
·mike

Computer Repair Shop Bookkeeping: Costing Refurbished Inventory, Splitting Break-Fix From Recurring MSP Revenue, and Why Data Recovery Margins Are the Business's Best-Kept Secret

A computer repair shop that lumps break-fix, MSP, and refurbished sales into one revenue line can't price any of them. Learn how to split the streams, cost refurbished inventory, and track the data recovery margin that subsidizes the front counter.

small-business
bookkeeping
finance
Cottage Food Laws Just Got a Food Freedom Upgrade: How 9 States Now Let Home Bakers Sell Cheesecakes and Cream Pies Without a Commercial Kitchen
·mike

Cottage Food Laws Just Got a Food Freedom Upgrade: How 9 States Now Let Home Bakers Sell Cheesecakes and Cream Pies Without a Commercial Kitchen

Nine states now let home bakers sell TCS foods like cheesecake under food freedom laws. Learn where the line moved in 2026, what still needs a license, and the bookkeeping that keeps a home bakery from outgrowing cottage status.

small-business
bookkeeping
finance
Dog Daycare Bookkeeping: Separating Daycare, Boarding, and Grooming Revenue Streams, Deferred Package Pricing, and Depreciating a Six-Figure Buildout
·mike

Dog Daycare Bookkeeping: Separating Daycare, Boarding, and Grooming Revenue Streams, Deferred Package Pricing, and Depreciating a Six-Figure Buildout

A dog daycare that lumps daycare, boarding, and grooming into one revenue line can't price any of them. Learn how to split streams, handle package deferred revenue, and depreciate a six-figure play-yard and kennel buildout.

small-business
bookkeeping
finance
Escape Room Business Bookkeeping: Per-Room Revenue Tracking, Game-Master Payroll, and Budgeting the 8–12% Annual Equipment Depreciation Nobody Plans For
·mike

Escape Room Business Bookkeeping: Per-Room Revenue Tracking, Game-Master Payroll, and Budgeting the 8–12% Annual Equipment Depreciation Nobody Plans For

Escape rooms earn per session, but pay per hour and depreciate props fast. Learn per-room revenue tracking, game-master labor costing, and how to budget the 8–12% annual refresh that keeps rooms bookable.

small-business
bookkeeping
finance
Estate Sale Company Bookkeeping: Why Consignment Proceeds Are a Liability, Not Revenue, and How to Reconcile the Account-Sales Report Before You 1099 Anyone
·mike

Estate Sale Company Bookkeeping: Why Consignment Proceeds Are a Liability, Not Revenue, and How to Reconcile the Account-Sales Report Before You 1099 Anyone

Estate sale companies handle consignment proceeds that belong to the estate, not the company. Learn why gross sales are a liability, how to book the account-sales report, and the 1099-K vs. 1099-MISC decision before you report someone else's money.

small-business
bookkeeping
finance
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