Accounting Ledger Review
Accounting Ledger Review
Document Reference: ALR-2024-01
Review Period: January 1, 2084 - January 31, 2084
This document presents a comprehensive review of our company's accounting ledger for the month of January 2084. It aims to ensure the accuracy and integrity of our financial records.
Ledger Overview
The primary focus of this review was on the following ledgers:
-
Accounts Receivable
-
Accounts Payable
-
General Expenses
Methodology
The review process included:
-
Verification of entries against source documents
-
Reconciliation of balances with bank statements
-
Analysis of ledger entries for any unusual transactions
Findings
Accounts Receivable
|
Date |
Invoice Number |
Customer |
Amount Due |
Amount Received |
Balance |
|
01/01/2084 |
1001 |
Alpha Corp. |
$20,000 |
$20,000 |
$0 |
|
15/01/2084 |
1002 |
Beta Inc. |
$15,000 |
$10,000 |
$5,000 |
|
20/01/2084 |
1003 |
Gamma LLC |
$25,000 |
$25,000 |
$0 |
|
Total |
$60,000 |
$55,000 |
$5,000 |
Analysis: The Accounts Receivable ledger shows a pending balance of $5,000 from Beta Inc. This delay has been noted, and a follow-up is scheduled.
Accounts Payable
|
Date |
Invoice Number |
Vendor |
Amount Due |
Amount Paid |
Balance |
|
05/01/2084 |
501 |
Delta Supplies |
$10,000 |
$10,000 |
$0 |
|
18/01/2084 |
502 |
Epsilon Services |
$8,000 |
$8,000 |
$0 |
|
Total |
$18,000 |
$18,000 |
$0 |
Analysis: All accounts payable for January 2024 have been settled on time.
General Expenses
|
Date |
Description |
Amount |
Budgeted Amount |
Variance |
|
Various |
Office Supplies |
$2,000 |
$2,500 |
$500 Under |
|
Various |
Utilities |
$3,500 |
$3,000 |
$500 Over |
|
Various |
Miscellaneous |
$1,000 |
$1,500 |
$500 Under |
|
Total |
$6,500 |
$7,000 |
$500 Under |
Analysis: The General Expenses ledger indicates effective budget management, with a total variance of $500 under the budget.
Conclusion
Our review of the accounting ledgers for January 2084 indicates a high level of accuracy and efficiency in financial record-keeping. The pending receivable from Beta Inc. will be closely monitored. Overall, the financial activities align well with our budgetary expectations and financial policies.
Reviewed By: [Chief Accountant Name]
Approved By: [Financial Director Name]
Date of Document Completion: February 10, 2084
