Guides
Practical guides for setting up your books, understanding accounting concepts, and getting the most out of Twin Owls.
How to Invite Team Members & Set User Roles
Invite accountants, bookkeepers, and partners to your business in Twin Owls. Four permission roles — admin, accountant, editor, viewer — let you control exactly what each person sees and does.
Read guideUnderstanding Your Chart of Accounts
Add accounts in Twin Owls, pick account codes that match your reports, and use subaccounts without breaking your books.
Read guideChart of Accounts: What It Is and How to Set It Up
What a chart of accounts is, how Twin Owls organizes the five account types, and how to customize your accounts for rental properties, services, or any small business.
Read guideAccounting Basics: What Every Business Owner Needs to Know
Understand the one rule behind all bookkeeping — the accounting equation — and why it matters for your business.
Read guideMulti-Entity Accounting for Investors
Learn how to manage multiple businesses, LLCs, or rental properties in a single workspace with separate books for each.
Read guideJournal Entries: 5 Patterns Every Business Owner Uses
How to create journal entries for revenue, expenses, owner draws, transfers, and credit card charges — with step-by-step examples and the draft-to-posted workflow.
Read guideSingle Entry vs. Double Entry Accounting
Single entry vs double entry bookkeeping — how each system works, where single entry breaks down, and which method your business actually needs.
Read guide2026 Tax Brackets, IRA, 401(k), and HSA Limits: What You Need to Know
Federal tax brackets for 2026, plus contribution limits and tax benefits for Traditional IRA, Roth IRA, 401(k), Roth 401(k), and HSA accounts — with deduction rules and income phase-outs.
Read guideThe Augusta Rule: Rent Your Home to Your Business Tax-Free
Learn how IRC Section 280A(g) lets business owners rent their home for up to 14 days per year without reporting the income — and what your business needs to do it right.
Read guide2025 Tax Brackets, IRA, 401(k), and HSA Limits: What You Need to Know
Federal tax brackets for 2025, plus contribution limits and tax benefits for Traditional IRA, Roth IRA, 401(k), Roth 401(k), and HSA accounts — with deduction rules and income phase-outs.
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