Most business owners don’t spend much time looking at their Balance Sheet.
The Profit and Loss shows revenue, profit, and activity which feels more exciting, but your Balance Sheet tells the story of mistakes that never got fixed. Outdated receivables, wrong vendor balances, old credit card charges never coded, stale inventory valued at full cost, and loans not recorded correctly all pile up and distort what is actually happening inside your business.
Before we close out 2025, here are four key areas every small business and veteran-owned company should review and clean up now while there’s still time to correct them.
Old Receivables That Aren’t Coming In
If the money hasn’t arrived by now, there’s a reason. Either the customer can’t pay, won’t pay, or the invoice is wrong. Leaving these balances active inflates assets and gives you a false sense of cash. You need to confirm these are or have been reserved for. Seek collection assistance as needed. Pssst, call me.Vendor Balances That Don’t Match Reality
Bills may have been paid but never cleared, or credits exist that no one applied. This can make liabilities look worse than they are, or hide money you could be using right now. Match every vendor balance to actual statements before year-end.Credit Cards and Loans With Incorrect Balances
Wrong principal, wrong interest, or missing transactions create major reporting issues. A wrong loan balance means wrong liabilities, wrong expenses, and wrong tax outcomes. Verify balances directly with lenders and adjust now.Inventory and Assets Overstated on the Books
If something is sitting, outdated, damaged, or unused, it is not worth what the books say. Adjusting values ensures profit and equity going into 2026 are accurate and trustworthy.
A Framework for Smarter Voice AI Decisions
Deploying Voice AI doesn’t have to rely on guesswork.
This guide introduces the BELL Framework — a structured approach used by enterprises to reduce risk, validate logic, optimize latency, and ensure reliable performance across every call flow.
Learn how a lifecycle approach helps teams deploy faster, improve accuracy, and maintain predictable operations at scale.
Cleaning up your Balance Sheet is not busywork. It removes financial confusion, protects credibility with lenders and investors, and ensures decisions are based on the truth. If you want help reviewing your Balance Sheet line by line and cleaning up 2025 before the books close, reply to this message. Let’s get you into January confident, accurate, and ready to grow.
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Veteran business owner? Take command of your cash flow and tighten your financial systems. Join The Profit Platoon — a community built for Veterans.
