Summary of Corrections

Client: Example Renovation LLC (fictional) · Software: QuickBooks Online · Period: 1 Jan – 31 Dec 2025

Prepared by: Md Washik Mannan · Scope agreed in writing: 2 bank accounts, 1 credit card, 12 months

1. Result in one look

All 3 accounts reconciled for all 12 months and agree to the statements.
412 transactions reviewed; 97 recategorized, 14 duplicates removed, 9 missing transactions added.
Uncategorized balances cleared to $0.
Profit & Loss and Balance Sheet are ready to hand to your accountant.

Account	Months	Statement balance 31 Dec	Books balance 31 Dec	Status
Business checking (…1234)	12 of 12	$18,420.55	$18,420.55	Matched
Business savings (…5678)	12 of 12	$6,000.00	$6,000.00	Matched
Credit card (…9012)	12 of 12	$2,315.80	$2,315.80	Matched

Type of correction	Count	What and why
Recategorized	97	Materials bought at the hardware store were posted to Office Supplies; moved to Job Materials.
Duplicates removed	14	The same card payments came in once from the bank feed and once from manual entry.
Missing transactions added	9	Checks that cleared the bank but were never recorded.
Transfers fixed	6	Savings transfers had been recorded as income and expense; now recorded as transfers.
Uncategorized cleared	31	Items sitting in Uncategorized Expense, assigned using invoices or your answers.

March, check #1042 for $850: what was this payment for? Currently held in Uncategorized.
Three deposits in August ($1,200, $450, $300): are these customer payments or owner deposits?

If I find any of these while working, I tell you first and send a quote.