#plain-text-accounting
Discover the power of version-controlled, human-readable financial records
Meta Platforms' Q2 2026 revenue grew 28% to $60.8 billion but net income fell 14% to $15.8 billion — the first year-over-year profit decline of its AI-capex era — as total costs rose 55%, operating margin dropped from 43% to 31%, and capital expenditures nearly doubled to $31.1 billion.
Microsoft's FY2026: $331.8B revenue (+18%), a record $133.7B net income, Azure past $100B, and $115.9B of AI capex — nearly 35% of revenue — broken down as an auditable plain-text Beancount ledger.
How to set up bookkeeping for a paragliding or hang gliding school — split tandem vs. solo revenue by USHPA rating level, capitalize $4,500–$9,000 wing/harness/reserve setups as depreciating fixed assets, track PASA certification and site insurance as recurring compliance costs, and hold weather-delayed tandem deposits as unearned revenue until the flight is flown.
Robinhood's Q2 2026 revenue rose 32% to a record $1.31 billion and net income jumped 48% to $573 million, but the quarter's defining events were its first-ever debt raise — $2.2 billion of convertible notes — and a one-time $135 million gain that supplied roughly $0.14 of the $0.62 diluted EPS.
Wagepoint's WagePro+ program (July 2026) gives accounting firms up to 20% discounts, matched co-marketing funds, and automatic tier upgrades from 1 to 500 payroll clients — here's how those incentives can shape the payroll recommendation you get, and five questions to ask your bookkeeper before signing up.
Roughly 42 U.S. states have passed or are advancing laws replacing the CPA 150-hour education rule with 120 hours plus experience — Ohio, Virginia, Georgia, Utah, and Iowa lead in 2026. Here's how the accountant shortage, new licensure pathways, and fractured license mobility affect who small businesses can hire.
Average-cost and FIFO inventory methods misstate margins when every item is unique. How antiquarian booksellers use specific-identification inventory — per-copy cost basis, proportional lot allocation, condition-driven write-downs, and provenance records — to keep accurate books on one-of-a-kind stock.
How dog trainers should book private sessions, group classes, and board-and-train packages separately — using deferred revenue for prepaid series, COGS tracking for boarding costs, and clean 1099 vs. W-2 classification for instructors.
Under ASC 606, usage-based revenue is recognized as customers consume the service — not when they pay. How the stand-ready obligation, variable consideration, and the right-to-invoice practical expedient apply to metered API and SaaS pricing, with journal entries for prepaid credits, overages, and unbilled receivables.
Two retirees with identical average returns can end up decades apart in portfolio longevity — the order of returns decides it. How sequence-of-returns risk works, why the ten-year retirement risk zone hits business owners and freelancers hardest, and five defenses including cash buffers, bucket strategies, bond tents, and spending guardrails.
Talent and modeling agencies must record the full booking amount as gross revenue — not just the 10–20% commission they keep — hold client funds in a separate trust account (a legal requirement under California's Talent Agencies Act), and reconcile commission splits against contracts monthly. Five bookkeeping rules that prevent IRS 1099 mismatches, commingling violations, and talent payout disputes.
Aerial and circus studios typically must carry $1M-per-occurrence/$3M-aggregate liability coverage — far above a standard fitness studio — and that floor reshapes their books. How to record punch cards as deferred revenue, depreciate silks and rigging on safety schedules, classify instructors, and reserve for insurance deductibles.
