Compliance
Nexus tracking across all 50 states. Economic nexus thresholds. Sales tax rate lookup by ZIP code. Automated return data for state filings.
Track contractor payments by vendor. Auto-classify 1099-NEC vs 1099-MISC. Year-end 1099 generation with TIN validation. E-filing ready data export.
US GAAP-compliant chart of accounts. Accrual and cash basis switching. ASC 842 lease accounting. ASC 606 revenue recognition schedules.
ACH payment tracking, wire transfers, check management. Plaid-ready bank feed integration. Multi-bank cash position dashboard.
Parent-subsidiary structures. Intercompany elimination. Multi-currency with USD reporting. Segment reporting for SEC filers.
Federal tax provision estimates. State apportionment tracking. Quarterly estimated tax calculations. Tax basis vs book basis differences.
US GAAP
Generally Accepted Accounting Principles
ASC 606 Rev Rec
Revenue from contracts with customers
ASC 842 Leases
Right-of-use asset accounting
Sales Tax (50 states)
Multi-state nexus & rate lookup
1099-NEC / 1099-MISC
Contractor payment reporting
W-9 / TIN Validation
Vendor tax ID verification
SOX Compliance
Audit trail & internal controls
Payroll Tax (941/940)
Federal payroll tax reporting
R&D Tax Credit
Section 174 expense tracking
Platform
US GAAP chart of accounts, fiscal year flexibility, multi-book (GAAP + tax)
1099 tracking, ACH payments, 3-way matching, approval workflows
Invoicing with sales tax, AR aging, automated collections, credit holds
Plaid integration, ACH/wire/check tracking, multi-bank reconciliation
P&L, Balance Sheet, Cash Flow (direct/indirect), sales tax summary, 1099 prep
Sales tax nexus, 1099 generation, quarterly estimates, tax provision
Monthly close checklist, quarterly review, annual audit prep, SOX controls
Sales tax by location, card/cash/digital wallet, tip management
Receipt OCR, expense classification, cash flow forecasting, anomaly alerts
“We operate in 12 states with different sales tax rules. ThynkBooks handles nexus tracking and rate lookups automatically. Our 1099 season went from 2 weeks to 2 hours.”
Jennifer Park
VP Finance, ScaleGrid Inc. - San Francisco, CA
Pricing