Episode 17

Episode 17: Depreciation and amortization show up on your financials every month, but most business owners do not fully understand what they mean, where they show up, or why they matter. In this episode of Past the Balance Sheet, Kash and Sassy break down the difference between depreciation and amortization in plain English. They talk about tangible assets like vehicles, equipment, computers, and buildings, as well as intangible assets like trademarks, patents, software, client lists, and non-competes. They also dig into why these items hit both the P&L and the balance sheet, how useful life and depreciation schedules impact your numbers, why CPA involvement matters, and how these entries affect taxes, forecasting, profitability, asset tracking, and even business valuation. This conversation is especially important for business owners who have assets on the balance sheet, are preparing for growth, thinking about selling, or simply want to understand what their financials are actually telling them. The biggest takeaway: your financials are only useful if they reflect reality. Depreciation and amortization are part of that reality, whether you have been paying attention to them or not.