Balance!! this concept is so hard...
As an accountant, I think Balance Sheet (obviously 😛)
When one account is off it throws the whole thing out of wack...and it is not in balance anymore.
The same concept applies in every aspect; of life, business, relationships, ourselves.
My self-employed/corporate clients, my personal tax clients keep the concept of 'BALANCE' heading towards the Holiday season.🎄 Remember to focus on the balance and if something is off, identify it and work towards fixing it, in the way that works for you.
Unless 🤔...... it's your Balance sheet then reach out to me because that's a business thing.
Reminder to my clients with Inventory. Schedule that day, before year-end to count it! 🗓 A lot of retail stores probably have more inventory than normal gearing up toward the holidays.🎄 It's also a nice check if you use a system that your system is reporting the correct amount of items. (Use a piece of paper, a spreadsheet, a software printout - just make sure you're counting it)
If you're a sole-prop or a corporation with a Dec year end I will need a inventory COST value to file with your tax return.