There is what's right, and then there's what's true.
The accounting saying you should or shouldn't have $800k is how they determine if it's their business.
It is right that the money you have is yours, and yours to do anything legal with (and illegal, if you accept those consequences).
It is true that you cannot simply walk into most U.S. banks, auto dealers, etc, plop down $10k or more, and have a normal transaction. In fact, making multiple /perfectly legal/ transactions, totalling $10k or more in a short span of time, can get you arrested for evading the laws covering transactions over $10k, because by making transaction below what the law sets as a limit, you are, in the eyes of the law, /evading/ the limit. And that's... not right.