The title of this post will be familiar to those who have worked with me. That’s because it’s the description I would give to a journal entry where I was adjusting a particular balance by a few cents, in order to bring the balance into agreement with reality. Some of you are now saying to yourself, “Just a couple posts ago, he talked about paying attention to detail and now he is saying he would arbitrarily adjust a balance giving only ‘Adjust to ‘Penny’ as his reason. Isn’t he contradicting himself?”
I am not contradicting myself, but I know you’ll need a reason why I’m not. Continue reading