Project: month-end close for a small business
Who asked: Jordan Chen, Willowbank Repair owner.
Why: Management needs a supported March close.
Data: Bank feed, March statement, customer work and payroll notes.
Done: The bank reconciles, adjustments are recorded, profit is checked and the close date is set.
Willowbank Repair's owner needs March books closed before reviewing performance. A rent payment already exists in the ledger, while the bank feed contains that payment and a missing fee. Work through the bank evidence before recording accruals and deferrals. Each step carries your own company state into the next task.
The statement starts at $6,000 and ends at $5,180 after rent and a bank fee. Later noncash adjustments affect profit without changing the reconciliation. Record an unpaid customer invoice, wages owed and an earned customer advance. Then read the adjusted profit and set the close date. Closing the books protects the reviewed period from casual backdated entries; it does not replace the accounting review.
Bank evidence first, then adjustments and reports, then the close date.
Close a small business month with supporting bank and ledger evidence.