Fictional demonstration — no client data
The Explained Close
Northstar Creative Services LLC
Period ending August 31, 2026
A consistent month-end package designed to make review faster and the next action clear.
Executive summary
All three financial accounts are reconciled through August 31 with zero unresolved variance. Year-to-date net income is $38,000, a 20.6% margin. The immediate attention point is $4,250 in customer invoices due September 15.
02
Reconciliation status
| Account | Reconciled through | Variance |
|---|---|---|
| Operating checking | Aug 31, 2026 | ✓ $0 |
| Business savings | Aug 31, 2026 | ✓ $0 |
| Business credit card | Aug 31, 2026 | ✓ $0 |
03
Profit & loss — year to date
Revenue$184,500
Less: cost of services$24,600
Gross profit$159,900
Less: operating expenses$121,900
Net income$38,000
04
Balance sheet — August 31
Cash$40,740
Accounts receivable$18,600
Other assets$25,660
Total assets$85,000
Total liabilities$32,200
Total equity$52,800
Liabilities + equity$85,000
05
Trial balance summary
| Account | Debit | Credit |
|---|---|---|
| Assets | $85,000 | — |
| Cost of services | $24,600 | — |
| Operating expenses | $121,900 | — |
| Liabilities | — | $32,200 |
| Owner capital | — | $14,800 |
| Revenue | — | $184,500 |
| Total | $231,500 | $231,500 |
06
Open items
Customer invoices
Confirm follow-up on two invoices totaling $4,250 due September 15.
- Owner
- Owner
- Due
- Sep 8
Software charge
Provide support for one $687 charge awaiting final classification.
- Owner
- Client
- Due
- Sep 10
Payroll report
Confirm the August payroll report matches the liability balance.
- Owner
- HV Ledger
- Due
- Sep 6
07
Next actions
- Send invoice reminders for the two open customer balances.
- Resolve the software classification when support is received.
- Review September cash needs at the next monthly conversation.
This demonstration uses synthetic figures for a fictional company. It shows the structure of the deliverable and does not represent a client result, assurance report, audit, review, or compilation.