Accounting, Close & Information Reporting
Bridging PRC to U.S. books and tax basis, bilingual close, cash vs. accrual, Form 3115, inventory and Section 263A, marketplace reconciliation, intercompany, W-9/1099 and reimbursements.
10 articles · last reviewed 2026-07-18
Five Common Reasons QuickBooks Becomes Unreliable—and How to Fix It
A QuickBooks file can contain monthly revenue and expense numbers and still be unreliable.
Read article → Accounting, Close & Information ReportingBridging PRC GAAP books to U.S. GAAP and U.S. tax basis
Directly “converting the Chinese books” often destroys the audit trail.
Read article → Accounting, Close & Information ReportingA bilingual 10-day month-end close for China-U.S. teams
A slow close is rarely a lack of effort.
Read article → Accounting, Close & Information ReportingCash vs. accrual accounting and when Form 3115 is needed
Cash or accrual is more than a QuickBooks display option.
Read article → Accounting, Close & Information ReportingInventory, COGS, landed cost and Section 263A
A product traveling from a Chinese factory to a U.
Read article → Accounting, Close & Information ReportingReconciling Amazon, Shopify and Stripe settlements
The bank sees a net payout, but one deposit may contain sales, refunds, discounts, Sales Tax, processing, advertising, reserves and timing differences.
Read article → Accounting, Close & Information ReportingIntercompany reconciliation and foreign currency for China-U.S. books
A renminbi ledger and a U.S.
Read article → Accounting, Close & Information Reporting2026 W-9 and 1099-NEC vendor onboarding
A Form 1099-NEC process should not begin with a January AP export.
Read article → Accounting, Close & Information ReportingEmployee reimbursement, shareholder advance, or wages? Accountable-plan workflow
The same airfare purchased on a founder's personal card could be a business reimbursement, shareholder advance, related-party loan, capital contribution or
Read article → Accounting, Close & Information ReportingAccounting for e-commerce returns, chargebacks, gift cards and returned inventory
Refunds, chargebacks, store credits and gift cards all reduce or defer cash differently, but they represent different revenue, liability, expense and inven
Read article →Get the companion guide：Monthly Close Playbook for U.S. Subsidiaries →
