#reconciliation
Reconciliation
Bank reconciliation techniques for accurate financial records
PayPal and Venmo Are Finally Talking: What the End of Visa+ Means for Freelancers Before February 2026
Starting February 19, 2026, Visa+ stops working for PayPal and Venmo transfers and is replaced by direct phone-number payments rolling out November 2025. With the 1099-K threshold falling to $600 in 2026, freelancers must tag inter-app transfers correctly, reconcile gross versus net per platform, and separate business from personal flows to avoid double-counting income.
Short-Term Rental Co-Host Bookkeeping: How to Reconcile Double-Reported 1099-Ks Without Overstating Income
Airbnb reports the full gross booking on the owner's 1099-K and your co-host share again on yours — so $80,000 in real bookings can appear as $96,000 to the IRS. This guide explains the 2026 OBBBA changes ($20,000 and 200 transactions for 1099-K, $2,000 for 1099-NEC), which form you should receive, and the chart-of-accounts method to reconcile gross vs. net without overreporting income.
Bank Reconciliation Checklist: How to Match Your Books to Your Bank Statement Every Month
A 9-step monthly bank reconciliation checklist that matches your book balance to the bank statement, separates timing differences from journal entries, and uses the divisible-by-9 rule to catch transposition errors in 30 to 60 minutes.
Canada Canceled Its Digital Services Tax: How to Claim Your Share of the $647 Million Refund and Fix Your Books
Canada repealed its 3% Digital Services Tax and the CRA is returning about CAD $647 million — $289 million in cash and $358 million offset against other tax debts. Direct filers get automatic refunds with interest; Amazon and Etsy sellers who paid the DST pass-through surcharge get no CRA claim and must reconcile and reclassify those fees themselves.
Etsy Just Raised Its Regulatory Fee Again: The June 2026 Increase That Quietly Shrinks Your Payout
On June 22, 2026 Etsy's Regulatory Operating Fee rose to 0.48% in the UK, 1.14% in France, 0.80% in Italy, and 0.88% in Spain, added a new 1.97% fee in Hungary, and fell in India and Türkiye. This guide shows the real per-order cost, the full 2026 fee stack, and a clearing-account routine to reconcile every Etsy payout.
PBM Reform Is Finally Law: What the 2026 Appropriations Act Means for Independent Pharmacy Reimbursement
Congress tucked sweeping PBM reforms into the Consolidated Appropriations Act of 2026 — banning spread pricing and rebate retention from 2028, mandating semiannual transparency reports, and creating any-willing-pharmacy and essential retail pharmacy protections from 2029. Here is what changes, when, and how to rebuild your books.
Your Books Can Now Close Themselves: What Pilot's Fully Autonomous AI Accountant Means for Small Businesses
Pilot's February 2026 AI Accountant claims to run the entire bookkeeping lifecycle — onboarding, categorization, reconciliation, and monthly close — with zero human intervention. This guide explains what fully autonomous actually covers, where it helps, where governance and auditability still matter, and how to choose the right bookkeeping stack for your business.
Shopify Payout Reconciliation in 2026: Fees, Capital Advances, and Reserve Holds Without Double-Counting Revenue
Shopify payouts are net settlements, not revenue — gross sales minus fees, refunds, reserve holds, and Capital remittances across a 1-3 day settlement window. This guide shows the clearing-account method to reconcile every payout, handle rolling reserves and Shopify Capital correctly, and match 1099-K gross to ledger sales.
Craft Brewery Bookkeeping: TTB Excise Tax, Keg Deposits, and Taproom vs. Wholesale Margins
A craft brewery accounting guide covering the 2026 federal beer excise tax rates ($3.50/$16/$18 per barrel under CBMA), how to book keg deposits as a liability instead of revenue, and a channel-level chart of accounts that separates taproom, self-distribution, and wholesale margins.
Four Bookkeeping Pitfalls That Quietly Cost Small Businesses at Tax Time
The IRS assessed about $4.8 billion in estimated-tax penalties on 15 million-plus returns in FY2024. Four fixable bookkeeping habits — commingled accounts, spreadsheet ledgers, personal credit for business spending, and lax records — cause most of the damage, and each has a same-day fix.
Amazon FBA Reserve Holds Aren't an Expense: How to Book Withheld Settlement Funds
An Amazon FBA reserve is money Amazon owes you, not a fee — book the withheld settlement as a current asset (Amazon Reserved Balances), not a P&L expense, so revenue is not understated and bank reconciliation ties.
Agentic Commerce Has Arrived: How to Book and Reconcile Sales Made by AI Shopping Agents
AI agents now check out on a customer's behalf over the same card rails, so an agentic sale books like any card sale — but the payout looks identical to a normal one unless you tag it. A merchant's guide to channel tags, gross-vs-net payout splits, storing intent and cart mandate IDs, daily reconciliation, and the product-data hygiene agents actually read.