Category
Accounting Basics
Plain explanations of the mechanics an owner runs into before an accountant does: how a transaction is recorded, taxed and reported.
Each guide starts from the rule, cites it, and shows the entries, so you can check what your bookkeeper did rather than take it on trust.
How Rebates Work: Redemption Rates, Tax Treatment and How to Book Them
A rebate is paid after you buy, so many go unclaimed. It is not income to a consumer; a business books it against cost or sales. The rules and entries.
Cash vs Accrual Accounting: The Difference, the IRS Rules and How to Choose
Cash counts money when it moves. Accrual counts it when it is earned. The IRS lets businesses under $32 million for 2026 choose either one.