In the 6 subsequent tabs, you will find 2 years of financial data for a...

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Accounting

In the 6 subsequent tabs, you will find 2 years of financial data for a small company that makes candles
and soap products. It sells its products via online channels (the company's own website and third-party
sellers) and a farmers market stall. The statements included here are the 2020 Balance Sheet and cash &
accrual P&Ls by month, and the same for 2019.
The assignment is similar to our bookkeeping client onboarding reviews. We typically study the financial
statements and put together a list of questions about the business and any resources that we may need
in order to potentially correct and then efficiently manage the client's books.
Review: please look through the financial statements and note any inconsistencies, questionable
bookkeeping methods, outright or potential mistakes, and anything else that may seem potentially
wrong to you. You may do this in an adjacent column within the statement tabs or in a separate
worksheet within the file, or both - depending on how you would like to present your findings. Your
observations should include a general assessment of the bookkeeping health of the company, notes on
specific accounts, and questions you would want to ask given what you see in the data.
Other resources/questions: please put together a list of resources (accesses, other reports) that you
would need and any questions about the business that you may have.

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