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Bean Blog

Banking 102: How to Handle Fraudulent Charges

2 MIN READ Recently when working in a client’s books, I noticed a series of charges, all for $800 within two days of each other. I did not recognize the vendor listed in the bank...
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Banking 101: How to Choose a Bank

2 MIN READ When our clients ask if we can recommend a bank, our pat answer is, “Any bank you are comfortable with,” as we are not in the business of promoting any one bank in...
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What Employers Need to Know About Per Diem Reimbursement

3 MIN READ Per diem—if you’ve ever traveled for work, chances are you’re familiar with this term. As an employee, it’s pretty straightforward. You’re given a fixed, predetermined...
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Beyond Bean Counting: Mental Health in the Workplace

2.5 MIN READ How many beans could a bean counter count if a bean counter could count beans? Well, that depends greatly on the state of their mental health at the time. The same...
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How to Report Your Health Insurance Benefits as a Firm Owner

3.5 MIN READ We’ve previously written about how to pay yourself depending on your entity type. As a quick refresher, if you’re a single member LLC, you take draws. Partners in a...
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Bean Counters and the Dawning of Democracy

2.5 MIN READ bean counter noun [informal] Beans are a cheap commodity so to count them is a rather silly thing to do. A “bean counter” is one who nitpicks over small things in...
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New Rules for Filing Form 1099-MISC

2.5 MIN READ 2018 ushered in numerous regulatory changes to the tax code, reminding us that tax reporting isn’t getting any easier any time soon. With frequent revisions to tax...
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10 Totally Random But Interesting Accounting Facts

2 MIN READ Fact: there's much more to accounting than just numbers and data entry. While accounting isn't widely known as the most exciting career,it has a long and storied past...
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Meet Your Bean Counters

5 MIN READ Merriam-Webster defines a bean counter as “a person who helps to run a business and who only cares about money,” but we know our Bean Counters here at FABC to be so...
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Cash vs. Accrual Accounting: What’s Best for Your Business?

4 MIN READ Cash and accrual accounting are the two main methods of accounting, and knowing the differences between the two and how each one works will help you choose the best...
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