Titan Management Solutions

Sample close

March 2024 is closed and tied out.

Chase ••4471 · 26 transactions · 3 flags to clear

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

March 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
17,439.55
Net change from the lines we read
(4,441.63)
Computed ending balance
12,997.92
Ending balance, as printed
12,997.92
Difference
0.00

Profit and loss · March 2024

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

Revenue
Total revenue30,681.86
Expenses
Total expenses30,323.49
Net income358.37

Cash flow · March 2024

Operating activity358.37
Investing activity0.00
Financing activity(4,800.00)
Net change in cash(4,441.63)

Balance sheet · 2024-03-31

Assets
Cash at bank, per statement12,997.92
Total assets12,997.92
Liabilities and equity
Borrowing movement this period(4,200.00)
Net income for the period358.37
Owner draws(600.00)
Balances carried in from before this period17,439.55
Total liabilities and equity12,997.92

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 · March 2024

3 lines we could not call.

Our confidence on these is below 75%. Pick the right account and the reports recompute. This is the honest alternative to guessing.

  • 2024-03-12 · page 1

    AMZN MKTP US*2K4L91

    Our guess: Job materials at 41.0%

    (389.14)

  • 2024-03-18 · page 2

    CHECK #1042

    Our guess: none

    (3,000.00)

  • 2024-03-26 · page 2

    ZELLE PAYMENT TO J MORALES

    Our guess: Contract labor at 52.0%

    (1,850.00)

Ledger · March 2024

Every line, as printed

Export CSV

  • HOME DEPOT #6412 PURCHASE

    (1,942.66)

    2024-03-01 · Job materials · 96.0%

  • REMOTE DEPOSIT MERIDIAN PROP GRP DRAW 3

    22,400.00

    2024-03-04 · Sales · 98.0%

  • GUSTO PAYROLL NET PAY

    (7,015.40)

    2024-03-05 · Payroll · 98.0%

  • GUSTO TAX COLL 240305

    (2,188.31)

    2024-03-05 · Payroll taxes and fees · 95.0%

  • SUNBELT RENTALS 0341

    (2,340.00)

    2024-03-06 · Equipment rental · 94.0%

  • SQUARE INC 240307 DEPOSIT

    1,480.00

    2024-03-07 · Sales · 88.0%

  • ACH DEBIT RIVERA DRYWALL LLC INV 2214

    (5,600.00)

    2024-03-08 · Subcontractors · 93.0%

  • CHEVRON 0092381 AUSTIN TX

    (167.42)

    2024-03-11 · Vehicle and fuel · 96.0%

  • AMZN MKTP US*2K4L91

    (389.14)

    2024-03-12 · Job materials · 41.0%

  • CITY OF AUSTIN PERMIT CTR

    (515.00)

    2024-03-13 · Permits and inspections · 92.0%

  • WASTE MGMT ROLLOFF 30YD

    (712.50)

    2024-03-14 · Dump and disposal fees · 90.0%

  • STATE FARM INSURANCE PREM

    (538.44)

    2024-03-15 · Insurance · 97.0%

  • CHECK #1042

    (3,000.00)

    2024-03-18 · — · —

  • LOWES #1188 PURCHASE

    (2,268.90)

    2024-03-19 · Job materials · 95.0%

  • REMOTE DEPOSIT HALSTEAD REMODEL DRAW 1

    6,800.00

    2024-03-20 · Sales · 97.0%

  • QUICKBOOKS ONLINE SUBSCR

    (90.00)

    2024-03-21 · Software and subscriptions · 97.0%

  • TX DEPT LICENSING RENEWAL

    (145.00)

    2024-03-22 · Dues and licenses · 89.0%

  • ONLINE TRANSFER TO CHASE CC ...8891

    (4,200.00)

    2024-03-25 · Credit card payment · 94.0%

  • ZELLE PAYMENT TO J MORALES

    (1,850.00)

    2024-03-26 · Contract labor · 52.0%

  • NORTHWEST TOOL SUPPLY

    (1,120.35)

    2024-03-27 · Tools · 93.0%

  • VERIZON WIRELESS PMT

    (218.77)

    2024-03-28 · Telephone and internet · 96.0%

  • TACO DELI CATERING CREW LUNCH

    (184.60)

    2024-03-28 · Meals · 87.0%

  • MONTHLY SERVICE FEE

    (25.00)

    2024-03-29 · Bank fees · 99.0%

  • RETURNED ITEM FEE

    (12.00)

    2024-03-29 · Bank fees · 98.0%

  • ATM WITHDRAWAL 3RD ST

    (600.00)

    2024-03-29 · Owner draw · 78.0%

  • INTEREST PAID

    1.86

    2024-03-31 · Interest income · 99.0%

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

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