IOLTA violations triggered 1,247 attorney discipline cases in 2025. As twelve states adopt a 30-day reconciliation deadline on July 1, 2026, this guide walks through how three-way reconciliation works, the workflow that keeps individual client ledgers tied to the bank balance, and the mistakes that most often end legal careers.
Starting in 2026, the One Big Beautiful Bill Act expands Section 45F's Employer-Provided Child Care Credit from 25% to 40% (50% for businesses under $32M in average gross receipts) and lifts the annual cap from $150,000 to $500,000 ($600,000 for small businesses), with new explicit rules for intermediaries, pooled arrangements, backup care, and reserved-seat contracts.
A working guide to the three numbers that decide whether a restaurant makes money — prime cost, food and beverage COGS, and tip pooling — with 2026 benchmarks, FLSA rules, and a weekly accounting cadence.
A transparent walkthrough of how 2026 bookkeeping services combine AI categorization (handling 70-80% of transactions at over 95% accuracy) with human reconciliation, monthly financial reporting, and year-end tax packages.
Learn what a chart of accounts is, how to set one up with proper numbering and categories, and best practices for organizing your business finances. Includes examples for assets, liabilities, equity, revenue, and expenses, plus common mistakes to avoid.
Learn how to create, organize, rename, and close accounts in Beancount and Fava. This complete guide covers the five account types, naming conventions, hierarchy patterns, Fava-specific features, and advanced tips for managing your chart of accounts.
Take control of your finances with our open-source double-entry accounting system. Start your ledger today.
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