Close and bookkeeping review
Memwa starts with bank statements, transaction detail, the trial balance, reconciliations, ledgers, and supporting schedules. It prepares the cash and balance review, draft reclassifications, and open-item list.
Alder Junction, Q1 2026
Memwa reads the financial statements, bank statements and transaction detail, working reconciliation, payroll, receivables, payables, fixed assets, agreements, and final close notes. It ties cash, checks for duplicates and uncategorized activity, reviews variances and balances, and traces each finding to its source.
Prepared review set
Cash review
The statement balance and outstanding check tie to an adjusted bank balance of $181,169.35. Cash per the trial balance is $174,689.35, so $6,480 remains open while the reviewer checks possible duplicate entry SW-0316-B.
March 31 statement balance
$185,969.35
March bank statement
Outstanding check 1024
($4,800.00)
Working cash reconciliation
Adjusted bank balance
$181,169.35
Statement balance less the outstanding check
Cash per trial balance
$174,689.35
Q1 trial balance
Still unresolved
$6,480.00
Possible duplicate software entry SW-0316-B needs review
Beyond cash
Revenue cutoff
The executed contract permits cancellation before the April 15 kickoff, and no March work was delivered. A draft reclassification from revenue to deferred revenue sits beside the reported books.
Workstation classification
The invoice is compared with the $2,500 book capitalization threshold, and a reclassification is drafted for accountant review. The book-policy analysis stays separate from tax treatment.
Balance and support review
Each balance is reviewed. Old receivables, missing vendor support, owner transactions, and incomplete schedules go on the open-item list with their source files.
Reviewer decision
The reviewer checks the source for each variance, balance finding, missing-support item, and draft reclassification. They accept or reject proposed adjustments, assign follow-up, and decide whether the close is ready. The $6,480 cash difference remains open in this example.