SYNTHETIC CREATIVE-STUDIO CLOSE CHECKLIST
Portfolio practice sample; not a completed client close or Xero export.

1. Confirm reporting period, entities, source-data cutoff and authorized reviewer.
2. Collect statements for bank, card and payment-gateway accounts.
3. Match balances and trace differences to individual source transactions.
4. Sample exception: a $30 bank fee is absent from an $8,100 ledger balance.
   Record the fee in the sample: adjusted ledger $8,070 matches statement $8,070.
5. Trace materials, labour and subcontractor costs to their project and source.
6. Sample direct costs: $2,400 + $1,600 + $900 = $4,900.
7. Unbilled-cost schedule: $4,900 total less $2,800 allocated = $2,100.
   This schedule is not by itself the amount recognized as a financial WIP asset.
   Resolve contract terms and recognition policy with the authorized reviewer.
8. Royalty settlement: $3,000 sales - $100 refunds - $145 platform fees = $2,755.
   Fictional contract rate 15%: royalty $413.25; studio share $2,341.75.
   Confirm the actual agreement's royalty basis and reconcile to the receipt.
9. Tie payroll preparation to source inputs, pay calendar and approved changes.
   Confirm jurisdiction, filing responsibility and payment approval separately.
10. Tie reports to the ledger; retain an exception register and approval evidence.

An unresolved item needs an owner and due date; do not hide it in an accuracy claim.