Notes on running a business.
Practical guidance on cash flow, accounting, and the decisions that come with running a business.
Articles — Page 2
Fixed-Fee Software Project Revenue Recognition: A Practical Reference
Fixed-fee software projects require recognizing revenue as work is delivered — not when invoices go out. This guide explains how ASC 606 applies, when percentage-of-completion is appropriate, and how to measure progress accurately.
Consulting WIP Accounting: How to Record and Manage Unbilled Revenue
WIP accounting for consulting firms tracks work delivered but not yet invoiced. This guide explains how to record unbilled revenue, when it becomes recognized, and how it appears on your balance sheet.
Tax Extension vs. Payment Deadline: What Business Owners Must Know
A tax extension moves your filing deadline — not your payment deadline. This guide explains the file-versus-pay distinction, the penalties that apply when you extend but don't pay, and how to estimate what you owe by the original due date.
Month-End Close Calendar Template: Day-by-Day Schedule
A day-by-day month-end close calendar with task owners, dependencies, and a ready-to-use checklist template. Use this to run a predictable close in 10 business days or fewer.
MSP Client Profitability: Formula, Allocation & Identifying Unprofitable Clients
Most MSPs track revenue per client but not true per-client margin. This guide shows the formula for calculating MSP client profitability, how to allocate shared engineering time, and how to identify which clients are structurally unprofitable.
Restaurant Prime Cost: Formula, Benchmarks & How to Bring It Down
Restaurant prime cost is the sum of food and beverage COGS plus total labor. Most operators should keep it between 55% and 65% of sales — here's the formula, benchmark table by concept type, and the levers that actually move the number.
Construction WIP Accounting: Progress Billing, Over- and Under-Billings Explained
Construction WIP accounting tracks revenue and costs on long-term contracts using the percentage-of-completion method. This guide explains how WIP is calculated, what over- and under-billings mean, and how the WIP schedule ties to your income statement.
MSP Deferred Revenue: How to Record and Release Prepaid Contracts
When an MSP collects upfront for an annual contract, that cash isn't revenue yet. This guide explains how to record prepaid contracts as deferred revenue, release it each month, and handle mid-term cancellations cleanly.
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A few practical details, so you know what to expect.
Where can I see an example of Laya’s monthly reporting?
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