Titan Management Solutions

Sample close

February 2024 is closed and tied out.

Chase ••4471 · 16 transactions · no flags in this month · 3 in other months

Sample data from a fictional general contractor. Not a customer's books. Every figure below is computed from the transactions in the ledger.

Close my own month free

February 2024

tied out

March 2024

tied out

Tie-out

February 2024 is tied out to the balance printed on the statement.

Opening balance plus every transaction we read equals the ending balance your bank printed, to the cent.

Opening balance, as printed
14,320.11
Net change from the lines we read
3,119.44
Computed ending balance
17,439.55
Ending balance, as printed
17,439.55
Difference
0.00

Profit and loss · February 2024

Click any line to trace it to the transactions and the source statement.

Revenue
Total revenue27,750.00
Expenses
Total expenses20,730.56
Net income7,019.44

Cash flow · February 2024

Operating activity7,019.44
Investing activity0.00
Financing activity(3,900.00)
Net change in cash3,119.44

Balance sheet · 2024-02-29

Assets
Cash at bank, per statement17,439.55
Total assets17,439.55
Liabilities and equity
Borrowing movement this period(3,500.00)
Net income for the period7,019.44
Owner draws(400.00)
Balances carried in from before this period14,320.11
Total liabilities and equity17,439.55

Cash basis, from bank activity only. A bank statement cannot show what you owned or owed before this period, so that figure is stated on its own line rather than spread across the others.

Flag list

No flags. Every transaction in February 2024 is categorized.

Ledger · February 2024

Every line, as printed

Export CSV

  • REMOTE DEPOSIT MERIDIAN PROP GRP DRAW 2

    18,500.00

    2024-02-02 · Sales · 97.0%

  • HOME DEPOT #6412 PURCHASE

    (2,417.83)

    2024-02-02 · Job materials · 96.0%

  • GUSTO PAYROLL NET PAY

    (6,842.15)

    2024-02-05 · Payroll · 98.0%

  • GUSTO TAX COLL 240205

    (2,104.66)

    2024-02-05 · Payroll taxes and fees · 95.0%

  • UNITED RENTALS 4318 AUSTIN TX

    (1,180.00)

    2024-02-07 · Equipment rental · 94.0%

  • CITY OF AUSTIN PERMIT CTR

    (365.00)

    2024-02-09 · Permits and inspections · 92.0%

  • SHELL OIL 574812 AUSTIN TX

    (142.19)

    2024-02-12 · Vehicle and fuel · 96.0%

  • ACH DEBIT RIVERA DRYWALL LLC INV 2188

    (4,300.00)

    2024-02-13 · Subcontractors · 93.0%

  • STATE FARM INSURANCE PREM

    (538.44)

    2024-02-15 · Insurance · 97.0%

  • WASTE MGMT ROLLOFF 30YD

    (712.50)

    2024-02-16 · Dump and disposal fees · 90.0%

  • REMOTE DEPOSIT HALSTEAD REMODEL FINAL

    9,250.00

    2024-02-20 · Sales · 97.0%

  • LOWES #1188 PURCHASE

    (1,884.02)

    2024-02-21 · Job materials · 95.0%

  • VERIZON WIRELESS PMT

    (218.77)

    2024-02-23 · Telephone and internet · 96.0%

  • ONLINE TRANSFER TO CHASE CC ...8891

    (3,500.00)

    2024-02-26 · Credit card payment · 94.0%

  • MONTHLY SERVICE FEE

    (25.00)

    2024-02-28 · Bank fees · 99.0%

  • ATM WITHDRAWAL 3RD ST

    (400.00)

    2024-02-29 · Owner draw · 78.0%

What you just read

This is the whole deliverable, not a preview of it.

Two months, chained

February and March 2024 for one checking account. February closes at 17,439.55, which is the opening balance March starts from. Closed periods have to tie into each other, not just into themselves.

The tie-out is the proof

Opening balance plus every line we read equals the ending balance the bank printed, to the cent. A month that does not reach it is labelled not tied out and never reported as finished.

Flags are stated, not hidden

A paper check prints a number and nothing else, and a payment to a person could be labour or a draw. We say our confidence is below 75% and let you pick the account. Try one above: the reports recompute as you go.

Every figure traces

Click any line on the profit and loss, or trace on any ledger row, and the printed statement line appears with the arithmetic it feeds.

The handoff is a file

Export CSV above is the ledger a preparer imports, with the cover lines a CPA reads first. The same export ships with a real close.

Now read your own month instead of ours.

Send one bank or card statement. We close that month free — no account, no bank credentials, no card. The rest of your months are a fixed price from the public table, starting at $499.

Close one month freeSee every price

Read next