Daily Bookkeeper Simulation - Graded Learning Edition

Tasks Pending: 11

Score: 0 / 11

Operating Cash

$24,150.00

Accounts Receivable

$8,400.00

Accounts Payable

$3,200.00

Inventory Valuation

$14,200.00

Shift 1: Full-Cycle Bookkeeping Assessment

Complete the 11 daily bookkeeping procedures in order. If you submit an entry with an error, the simulation will explain the mistake, fill in the correct information, and let you proceed without blocking your progress.

Grading Policy:

Correct on submission: Full credit awarded (+1 point). Marked with a green Done badge.
Incorrect submission: Correct details are revealed and applied so your books remain balanced. Marked with an amber Assisted badge.
Your cumulative score and final audit report are updated dynamically in the header and closeout report.

Task 1: Sort Mail & Prepare Incoming Checks List

Open the morning mail pouch. Categorize each envelope correctly and record the checks received into the formal Cash Receipts Log.

Mail Item Description	Sender	Check Amount
Envelope 1: Invoice for packaging boxes	Midwest Carton Co.	$0.00
Envelope 2: Remittance check for Invoice REC-480	Summit Tech Solutions	$1,800.00 (Check 4901)
Envelope 3: Remittance check for Invoice REC-488	Highland Retail Group	$750.00 (Check 1105)
Envelope 4: City Business License renewal form	City Treasurer Office	$0.00

Total Checks Logged on Morning Remittance Sheet ($):

Task 2: Prepare & Make the Daily Bank Deposit

Assemble the bank deposit slip for the checks logged in Task 1, plus $150.00 in physical currency from over-the-counter sales. Record the deposit to relieve Accounts Receivable ($2,550.00) and recognize OTC Sales ($150.00).

Total Checks Amount ($)

Currency / Cash ($)

Deposit Bag Tamper Seal Code

Total Deposit Slip Summary ($)

Task 3: Review Accounts Receivable & Make Overdue Collection Calls

Review the Accounts Receivable Aging Schedule after posting today's deposit. Identify the customer with the significantly past-due balance (over 60 days overdue) and initiate a direct collections call to log their promise-to-pay commitment.

Customer Name	Invoice ID	Aging Bracket	Balance Due	Collection Status
Riverfront Retail	REC-502	Current (1-30 Days)	$4,100.00	Current - No Call Needed
Vanguard Distribution	REC-410	61-90 Days Past Due	$1,750.00	Delinquent - Call Required

Target Account to Call

Overdue Invoice Balance to Collect ($)

Agreed Action / Payment Promise

AR Ledger Collection Memo

Task 4: Bill a Customer (Sales Invoice)

Complete the billing for consulting client Apex Logistics. Issue Invoice INV-2026-88 for $2,500.00 on Net 30 terms.

Customer Account

Invoice Number

Payment Terms

Total Billed Amount ($)

Task 5: Enter Vendor Bill (Supplier AP)

Enter the supplier bill sorted in Task 1 from Global Parts Warehouse (Invoice SUP-9402) for $1,350.00 of Merchandise Inventory.

Supplier Name

Supplier Invoice / Bill Identifier

Classification

Invoice Amount ($)

Task 6: General Journal Entry (Credit Purchase)

Record the purchase of $450 in supplies on credit from Apex Office Mart.

Account	Debit ($)	Credit ($)

Task 7: Accounts Payable Check Disbursement

Review outstanding bills and disburse payment for the invoice due today (Invoice INV-102 to Cloud Hosting LLC).

Invoice ID	Vendor	Amount	Due Date	Status	Action

Task 8: Daily Inventory Cycle Count

Perform a physical count of key items in warehouse bin A-4. Compare physical units against the perpetual inventory subledger and record the shrinkage write-off.

SKU	Item Description	Unit Cost	System Book Qty	Physical Count	Variance Qty
DRN-88	Carbon Propeller Sets	$40.00	120 units		—
BAT-42	Lithium Core Packs	$90.00	60 units		—

Physical Warehouse Sheet: Bin A-4 verified 115 Propeller Sets (5 damaged/missing) and 60 Battery Packs (0 variance). Enter these values.

Task 9: File Accounting Paperwork & Maintain Audit Trail

A clean physical and digital filing system prevents audit findings. Route each finalized transaction record to its designated accounting file or audit binder.

Completed Document	Source Reference	Select Filing Folder / Binder
Stamped Deposit Slip & Bank Ticket	DEP-2026-09
Paid Vendor Invoice INV-102 & Check Voucher	INV-102 ($150.00)
Cycle Count Variance Sheet & Approval Slip	BIN A-4 ($200 write-off)

Task 10: Daily Bank Reconciliation

Verify that internal general ledger transactions correspond with the bank statement clearing records.

Internal General Ledger

Transaction	Amount	Clear

Bank Statement Feed

Bank Item	Amount	Status

Task 11: Prepare Financial Statements for the Owner

Compile the formal Income Statement and Balance Sheet reflecting all transactions processed during today's business cycle.

Apex Outfitters LLC

Income Statement (Today)

Service Consulting Revenue$2,500.00

Over-the-Counter Sales$150.00

Total Revenue$2,650.00

Operating Expenses

Supplies Expense$450.00

Inventory Shrinkage Expense$200.00

Utilities Expense$280.00

Total Expenses$930.00

Net Operating Income$1,720.00

Apex Outfitters LLC

Balance Sheet (Closing)

Cash Account$26,700.00

Accounts Receivable$8,350.00

Merchandise Inventory$15,350.00

Total Assets$50,400.00

Liabilities & Equity

Accounts Payable$4,850.00

Owner Equity (Opening)$43,830.00

Current Net Income$1,720.00

Total Liabilities & Equity$50,400.00

Owner Sign-Off Checklist:

Revenues & Expenses Tied Balance Sheet Equation Balances (A = L + E)

Daily Closeout & Performance Summary

All 11 daily bookkeeping procedures have been audited. Review your independent accuracy score below.

Duty	Daily Responsibility	Operational Result	Grade Result