A Landscaping Business
5 issues found โ 2 critical, 2 warnings, 1 info
- A $13,495 truck on the books with zero depreciation ever recorded โ assets and net income both overstated
- $9,337 stuck in Opening Balance Equity since company setup โ historical books were never properly closed
- $29,000 in outstanding loans with no interest expense on the P&L โ loan payments are almost certainly recorded incorrectly
- 31% of total expenses in a "Miscellaneous" account โ true business performance is impossible to analyze