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When it’s time for my pet annual dog visits and checkups (if I pay the Humane Society average), I’m looking at $1,488 annually and you know what I don’t care. That number seems perfectly fine to me. I also never complain about dog food, dog treats, or dog toys.
Let’s think about that for a second. Say you have $5,000 in accounts receivables at year end. That number sits there on your balance sheet but if you log in to your software, access the trial balance and explore this financial via a drill down, you might see $4,000 of those funds are past due from one vendor since the beginning of the tax year and the remaining $1,000 of accounts receivables are current.
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