Orchard Lane Property Services
Orchard Lane Property Services bills landlords for management, coordination and inspections, including emergency call-outs recharged at cost. The inherited books have unapplied payments and posting problems, so each charge needs to connect to the right record.
Your assignment is the service company's own file. Reconstruct its opening position, work through management, coordination and inspection billing, and investigate unapplied payments and posting problems. Reconcile the quarter while keeping tenant rents and deposits outside the engagement, where the supplied scenario places them.
The work you'll take on
- Reconstruct the opening position from the supplied records.
- Distinguish service fees from emergency call-outs recharged at cost.
- Investigate unapplied payments and posting problems, then reconcile the quarter.
- Check your completed books against the included Practice Review.
Each monthly release features a different simulated business. Check the client name and release month before purchasing.
The Materials You’ll Receive.
Every Practice Client includes these core materials. Specific contents reflect the client, industry, and practice level.
Client Brief
Business context, engagement facts, and starting information
Import-Ready Materials
Bookkeeping materials for bringing the client into QBO
Supporting Records
Bank and credit-card statements and source documents
Practice Review
A reference outcome to compare with your completed books
From Purchase to Practice.
Download your files
After purchase you receive your Practice Client files as a download. Files must be downloaded within 30 days of purchase. Keep your own copies and work them at your own pace.
Follow the package setup guidance
Open your QuickBooks practice company and follow the setup and import guidance included with your package to bring the books in and begin working.