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BWEALTHICS's blog

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Odoo Month-End Close for U.S. Manufacturers: The US GAAP Checklist

BWEALTHICS LLC, Alejandro Fernandez

Odoo Month-End Close for U.S. Manufacturers: The US GAAP Checklist

Quick answer. A U.S. manufacturer's month-end close in Odoo follows a fixed 7-step sequence under US GAAP: (1) customer invoice reconciliation, (2) vendor bill reconciliation, (3) payroll reconciliati...

Accounting Manufacturing Month-End Close Odoo US GAAP

Jun 26, 2026

Court Halts Corporate Transparency Act – What This Means for Small Businesses

BWEALTHICS LLC, Alejandro Fernandez

Court Halts Corporate Transparency Act – What This Means for Small Businesses

BOI Introduction At Bwealthics, we strive to keep you informed about important legal and financial developments that impact your business. Recently, the U.S. District Court for the Eastern District of...

Dec 4, 2024

The True Cost of Starting and Maintaining an LLC or Corporation in the USA: A Comprehensive Guide for New Entrepreneurs

BWEALTHICS LLC, Alejandro Fernandez

The True Cost of Starting and Maintaining an LLC or Corporation in the USA: A Comprehensive Guide for New Entrepreneurs

S tarting a business is an exciting journey, but it's essential to understand the costs involved to avoid surprises down the road. While many new entrepreneurs focus solely on formation costs, maint...

Aug 2, 2024

Maximizing Tax Advantages and Streamlining Bookkeeping for Your Business

BWEALTHICS LLC, Alejandro Fernandez

Maximizing Tax Advantages and Streamlining Bookkeeping for Your Business

As your business grows, so does the complexity of managing finances, taxes, and accounting. To help you stay on top of your game, we’ve compiled some essential tax advantage tips, bookkeeping strategi...

Jun 8, 2024

Safe Harbor for Repairs and Maintenance (De Minimis Safe Harbor)

BWEALTHICS LLC, Alejandro Fernandez

Safe Harbor for Repairs and Maintenance (De Minimis Safe Harbor)

Safe Harbor Rules These safe harbor rules are designed to simplify compliance and provide clarity for taxpayers in handling various aspects of asset-related expenditures. Utilizing these safe harbors ...

Jun 8, 2024