The Profitjets Blog
Finance Writing for People Running the Business
Practical articles on bookkeeping, accounting, tax, payroll and financial strategy, written for founders and operators rather than for other accountants.
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What is Bookkeeping: A Step-by-Step Guide
What bookkeeping covers, how it differs from accounting, and the five-step process behind a clean set of books.
The library
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Is an LLC the Right Business Structure for Your eCommerce Business?
Whether it fits, how to form one, and what selling online brings with it.
Itemized Deductions: Complete List and How to Know If You Should Itemize
Standard Deduction vs. Itemizing: The Basic Decision, Should You Itemize? The Test, and Complete List of Itemized.
Journal Entries in Accounting, What is it? How to Write it?
What a journal entry contains, the types, and exactly how to write one.
K-1 Tax Form: What It Is and What to Do with It
What Is a K-1 Tax Form, Three Types of K-1 Forms, and Who Receives a K-1.
Know about Bookkeeping for Small HOA
Dues, reserves and vendor costs, tracked so the board can answer any question.
LIFO Inventory Method: How It Works and Who Should Use It
How LIFO Works, LIFO Example with Three Purchase Layers, and Tax Benefits of LIFO in Rising Prices.
LIFO vs FIFO: Key Differences in Inventory Management
What each does to profit, to stock value, and why switching is hard.
LLC License: Everything You Need to Know
Formation, registration and licensing are three different things.
LLC vs C Corporation: What's the Difference?
Tax, investment, and which conversion is the expensive direction.
LLC vs C-Corp: Which Entity Is Right for Your Startup?
Why Entity Choice Matters More Than Most Founders Realize and The Quick Answer: What Most Startups Should Do.
LLC vs Corporation: Key Differences
Ownership, control and tax, and which is harder to change later.
LTV:CAC Ratio for Startups: What It Is, How to Calculate It, and What It Means
What belongs in each input, and where the ratio still misleads.
Legal Accounting: Accounting Practices and Compliance for Law Firms
Trust Accounting (IOLTA), Revenue Recognition for Law Firms, and Matter-Based Accounting.
Living Paycheck to Paycheck: How to Break the Cycle
Root Causes, Step-by-Step Plan to Break the Cycle, and Emergency Fund Target.
Local and State Minimum Wages: Employer's Guide for 2026
Which rate applies, and how to handle a change mid-period.
Luca Pacioli: The Father of Accounting and His Lasting Impact
The 1494 book that gave business double-entry bookkeeping, and why the method it described is still the one in use.
Managing Accounts Payable: How to Improve Cash Flow in 2026
How terms fund you, what to track, and what hides in the ledger.
Mastering Accounting Journal Entries: A Comprehensive Guide
Simple, compound, adjusting and closing entries, with the rules and examples.
Mastering Your Small Business Budget: A Complete Guide
Building it from drivers, budgeting the cash, and reviewing it.
Meals and Entertainment Deduction: What's Deductible in 2026
The 2018 TCJA Change: Entertainment Is Gone, Business Meals: 50% Deductible, and 100% Deductible Meals: Exceptions.
Mold Remediation Business: Financial and Operational Profile
How Mold Remediation Businesses Work, Revenue Model: Insurance-Driven Work, and Cash Flow Challenge: The Insurance.
Money Purchase Pension Plans (MPPPs): How They Work and Who Benefits
What Is a Money Purchase Pension Plan, Key Features of an MPPP, and MPPP vs. Profit-Sharing Plan.
Net Income: Understanding the Formula and Its Role in Accounting
The formula, why it is not cash, and where it goes next.
NetSuite vs QuickBooks: Main Differences and Comparison
Cost, scale and the signals that you have outgrown a small ledger.
What we write about
Eight topics we come back to
Pick a topic and the library above filters to it.
Bookkeeping
Clean books, reconciliations, chart of accounts and month-end close.
Accounting
Close process, financial statements, cash against accrual, and reporting that gets used.
Tax
Preparation, planning, entity choice, deductions, quarterly estimates and the IRS forms behind them.
CFO
Forecasting, cash flow, fundraising readiness and the executive roles founders confuse.
Payroll
Withholding, payroll taxes, W-2s and 1099s, and multi-state teams.
Metrics
The ratios and statements that tell you what is actually happening in the business.
Software
QuickBooks, Xero, NetSuite and the tools that feed them.
Business Finance
Entity formation, banking, budgeting, funding and getting the finances in order.
Would You Rather We Just Did It?
Reading about reconciliation is useful. Not having to do it is better.