Exception
In accounting, exception means a break requiring investigation.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 4
Authority
This definition follows Internal control — SOX §404.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Exception, in use
Quoted from the 12 documents that use the word — what it does to an interface, in the spec's own sentence.
A prepaid with a service end date in the past and a non-zero balance is an exception, flagged prominently.
This is the sole layout exception to the half-step rule and it is deliberate: a 40px row with 16px line-height needs 12px above and below.
This is the one sanctioned exception to the zero-baseline rule, and the axis is labeled clearly so it can't mislead.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- First-year compliance calendar for a Delaware C-corpDelaware franchise tax, 1099s, the federal return, payroll filings, state annual reports and sales tax: the deadlines a young C-corp misses most, by month.
- States without sales tax: the five, and what it meansAlaska, Delaware, Montana, New Hampshire and Oregon have no statewide sales tax. What that means for sellers, local taxes and gross receipts taxes.
- Cash vs accrual accounting for startups, and the IRS ruleCash or accrual for a startup: why investors and auditors read accrual, when the IRS lets a C-corp file on cash, and the 2026 gross receipts limit.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- error
- issue
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
4Swaps & FX
Family spec5Ledger & tables
Family spec7Dashboard & charts
Family spec11Payables (AP)
Family specAlso in Controls
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.