Finance

Ledger Reconciliation

Every subsidiary ledger against the control account it posts to.

Trial balance

Control accounts agreeing

11 of 11

No variance

Clean

Trial balance

$71.70M

41 accounts

In balance

Net assets

$22.07M

Total assets less total liabilities

Equals shareholders' funds

Result for the year

$7.40M

$43.84M revenue · 38.5% GP

366 orders despatched

Subsidiary ledger against the general ledger

Each module opens on the figure that proves its balance.

All reconciled

Account	Proved by	Subsidiary ledger	General ledger	Variance
Receivables and payables
1100 Trade Debtors Control Every unpaid invoice, aged against its own trading terms.	Aged debtors trial balance 55 lines	$7,100,987	$7,100,987	nil	Prove it
2100 Trade Creditors Control Supplier bills received and not yet paid, in three currencies.	Aged creditors trial balance 5 lines	$382,181	$382,181	nil	Prove it
Inventory
1310 Raw Materials Control Quantity on hand at weighted average cost, item code by item code.	Stock on hand at weighted average 151 lines	$4,101,981	$4,101,981	nil	Prove it
1320 Work in Process Control Materials issued plus labour and overhead applied, per works order.	Works orders carrying value 3 lines	$115,946	$115,946	nil	Prove it
1330 Finished Goods Control Quantity on hand at weighted average cost, item code by item code.	Stock on hand at weighted average 102 lines	$2,708,848	$2,708,848	nil	Prove it
1340 Goods in Transit Paid for and not yet landed, held until the container clears.	Stock on hand at weighted average 7 lines	$629,840	$629,840	nil	Prove it
1350 Quarantined Stock Failed batches held pending disposition.	Stock on hand at weighted average 2 lines	$42,340	$42,340	nil	Prove it
Fixed assets
1500 Plant & Equipment, net book value Cost less accumulated depreciation, straight line, asset by asset.	Fixed asset register 22 lines	$8,677,421	$8,677,421	nil	Prove it
Cash at bank
1000 Operating account, AUD Statement at 2026-07-31, plus items the bank has not seen.	Bank reconciliation 3 lines	$1,632,647	$1,632,647	nil	Prove it
1010 United States dollar account, USD Statement at 2026-07-31, plus items the bank has not seen.	Bank reconciliation 1 lines	$199,143	$199,143	nil	Prove it
1020 Euro account, EUR Statement at 2026-07-31, plus items the bank has not seen.	Bank reconciliation 1 lines	$101,323	$101,323	nil	Prove it

Each control account is computed from the subsidiary ledger, so the two columns are one figure seen twice.

Month-end pack

Aged debtors

Receivables aged against each account's terms.

Aged creditors

Supplier bills received and unpaid, in three currencies.

Fixed asset register

Cost less accumulated depreciation, asset by asset.

Bank reconciliation

Three accounts, statement to ledger.

Trial balance

Every account, debits and credits.

Balance sheet and P&L

Both statements, at today's date.