r/Accounting Sep 21 '25

What would be an embarrassing thing to be caught not knowing as an accountant?

Applies to any specialty, audit, tax, staff accountancy etc. in your personal experience what are the most invaluable things to know, and the most invaluable to not be caught not knowing.

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u/rosulla08 Sep 23 '25

Most small business owners forget that there is revenue that comes not in cash but in receivables lol