Account Reconciliation: "Happiness is a Zero Balance"
Jordan Johnston, a Certified Public Accountant at Lowrey, Powell, Stevens, and Mangum, talks about his love of accounting and covers an overview of account reconciliation.
So do you love what you do? Do you love the numbers thing?
I do. It's, it's a lot of fun. It's not boring. There's always something new and different. There are new challenges. There's a lot of problem-solving. One of the things that a former partner had taught me was "Happiness is a zero balance". So if you've got both sides of the equation worked out is zeros out. And so when you hit zero, you're reconciled. It's just a great feeling.
My wife would not agree with that though. So her happiness is like a $50,000 balance.
A positive balance.
I know exactly what he's talking about. And mine never reconciles. I couldn't imagine the emotion I would feel when it actually reconciled.
So that's what you're talking about. It's a reconciliation.
Yeah, the trial balance on it when you debit.
I didn't pass accounting.
I have to pay someone thousands of dollars in order for it to reconcile a hundred percent. Yeah.
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