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#expense-management

Expense Management

Strategies and tools for managing business expenses efficiently

How to Book a Workers' Comp Dividend Check (and Why a Retro-Rating Plan Can Also Send You a Bill)

Workers' comp dividend checks and retro-rating adjustments arrive 6–30 months after a policy expires. Dividends are discretionary — book them as a reduction of insurance expense when declared, never accrued in advance. Retro adjustments are contractual — accrue the estimated premium as a liability in the period the losses occurred, then true up at each 6-, 18-, and 30-month adjustment.

Your Electricity Bill Isn't Wrong: Why Commercial Rates Keep Climbing and How to Budget for It

Commercial electricity rates have risen more than 20% nationally since 2018, and demand charges — the single highest 15-minute power spike in a billing cycle — can account for 30-70% of a business's bill; separating the two in your chart of accounts and shopping contracts 60-90 days before renewal are the most effective ways to control the cost.

Drone Photography and Aerial Inspection Bookkeeping: Tracking FAA Costs, Equipment Depreciation, and Per-Flight Job Profit

Commercial drone operators should separate FAA licensing costs, individually tracked aircraft depreciation, and per-job variable costs into distinct accounts, since a $200 real estate listing shoot and a $3,000 utility inspection job carry entirely different insurance, crew, and processing costs per flight hour.

Small-Group Health Premiums Are Jumping 11% in 2026 — Here's How to Keep Coverage Without Blowing Your Budget

Small-group health insurance premiums are rising a median 11% in 2026, per Peterson-KFF analysis of 318 insurer rate filings, with 2–5 employee firms up 23% since 2022. What's driving it — GLP-1 drugs, a shrinking risk pool, 9% medical inflation — and seven concrete cost levers, from level-funded plans to ICHRAs.