Red Oak Duplex Partners
Red Oak Duplex Partners operates two duplexes, a workshop tenancy and a coin laundry room. A refinancing predates the quarter, and the inherited books contain a questionable opening position alongside unapplied rent receipts.
You are working through a rental business that also includes a workshop tenancy and coin laundry. Establish what the refinancing records support, follow the different rental receipts, and investigate the inherited errors. Reconcile both accounts so the quarter begins from a defensible position and ends with activity you can explain.
The work you'll take on
- Investigate the opening position using the prior-refinancing records.
- Follow receipts for the duplexes, workshop tenancy and laundry activity.
- Resolve supported errors and reconcile both accounts.
- 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.