Hi thanks so much for all your help already; you guys have saved me already once today.
My current issue is this:
When I contributed to my Sep IRA I did it from my personal account instead of directly from the business account without realizing it should have been from the business account. I also made a few purchases that I did with my personal CC instead of my business CC (I have the receipts). So throughout the year of 2021 I never withdrew any money from my business account outside of my W2 wages and what I used my business CC for so it seems like I have more 'cash assets' than I should at the end - essentially I had 36k (sep IRA) + 4k (misc expenses) that I deducted but weren't actually withdrawn from the business account during the calendar year.
Is it ok to adjust my companies total ending assets (which I had assumed was just the end of year balance of my business checking account) to reflect what was taken out of my personal account for the business as well so the book is balanced?
Addendum:
I'm so sorry I'm overwhelmed and made a mistake. I actually did contribute my SEP IRA from my business account but did so in early 2022. From my understanding I could still contribute for 2021 in 2022 as long as it was before April 15th. How do I adjust that in the book keeping?
