Bookkeeping Basics

The two ways to record income and expenses — and why your method affects whether you need QuickBooks with Uplinq.

Money you take out or put into your business isn't income or expense — here's how each type is recorded.

Moving your own money isn't a sale or a cost — and when one business pays another's bills, it's a loan between them.

How we tell the difference between the cost of goods sold, supplies, and a purchase that gets capitalized and depreciated.

A loan payment is part debt paydown and part expense — here's why we split it and what documents we need.

Why the deposit from Stripe or Square is smaller than your real revenue — and why we record both sides.

Without backup, a charge can't be claimed as a business expense — here's how to turn it back into a deduction.

How payments to contractors are tracked, the W-9s we need, and the reporting threshold change for 2026.

Why the cashback and points you earn aren't taxable revenue, and how we record them.

A quick map of how sole props, partnerships, and S-corps file — and why it affects your books.

What an S-corp election does, when it tends to make sense, and the deadline to keep in mind.

Two common questions: when you owe sales tax, and how the home-office deduction actually works.