Cut Brussels sprouts into quarters.
Heat a large skillet over medium heat.
Add bacon to skillet and allow fat to begin to render. If using turkey bacon be sure to add 2 TBSP of coconut oil with the bacon pieces.
Add remaining oil to pan along with Brussels sprouts.
Saute Brussels, stirring often for 6-8 minutes until they are tender and starting to brown.
Add water, balsamic, salt and pepper, cover and steam for 5 minutes.
Remove cover, add garlic, nutritional yeast and Parmesan cheese, stir to combine. Saute for 2-4 more minutes.