Dear Sir.

Robert,
I would like to ask a little of your time to validate these functions of our accounting application and the
formulas listed if they are correct. And please if you could add more functions to our application, it would
be greatly appreciated, and thank you for taking up your time to help us!
and may we ask a little of your time to fill up our UAT questionnaire if our partial system functions are of
your approval. Thank you very much this would be a huge help for us!

And if you could help us add more functions it would be appreciated Thank you!

May we request your signature and your full name at the end of this document to verify that sources came
from you thank you!

Here is the link for our UAT:

https://docs.google.com/forms/d/1kRcYT6aPts3q6yFKJygSvoTIThvo-hH8It4h_8IcfEs/edit

Here is the link for our web application for you test:
Note this is the login credentials.
Username: admin
Password: password
https://lk-accounting.web.app/login

 Accounts receivable (order to cash)

 Financial close
May we please request how this is generated
 Fund accounting
May we please request how this is generated
 Project accounting

May we please request how this is generated

 Trial Balance
Contains: assets, liabilities, capital, income, equity
 Balance sheet (Example)
Contains: assets, liabilities, capital/equity.

Add up your assets

Add up your liabilities

When you subtract your liabilities from your assets, you get your owner’s equity

Step by step:

How to make: Step 1: Pick the balance sheet date

A balance sheet is meant to show all your business assets, liabilities, and shareholders’ equity on a
specific day of the year, or within a given period. Most companies prepare reports on a quarterly
basis, typically on the last day of March, June, September, and December. Companies may also choose
to prepare balance sheets monthly, in which case they would report on the last day of each month.

Step 2: List all your assets

Once you’ve set a date, your next task is to list out all your current asset items in separate line items.
To make this section more actionable, it’s best to separate them in order of liquidity. More liquid
items like cash and accounts receivable go first, whereas illiquid assets like inventory will go last. After
listing a current asset, you’ll then need to include your non-current (long-term) ones. Don’t forget to
include non-monetary assets as well.

Step 3: Add up all your assets

After detailing your various asset categories, add them all up. The final tally will then go under the
total assets category. To ensure that your numbers are correct, double check this figure against the
company’s general ledger.

Step 4: Determine current liabilities

List the current liabilities that are due within a year of the balance sheet date. These include accounts
payable, short-term notes payable, and accrued liabilities.

Step 5: Calculate long-term liabilities

List the liabilities that won’t be settled within the year. These include long-term notes, bonds payable,
pension plans, and mortgages.

Step 6: Add up liabilities

Add up the current liabilities subtotal with the long-term liabilities subtotal to find your total
liabilities.

Step 7: Calculate owner’s equity

Determine your business’ retained earnings and working capital, as well as the total shareholders’
equity. Retained earnings are the business’ profits which are reserved for reinvestments (not
distributed as dividends to shareholders). Shareholders’ equity is the combination of share capital
plus retained earnings.

Step 8: Add up liabilities and owners’ equity

If your liabilities + equity = assets, you’ve performed the balance correctly. If it doesn’t, you may have
to go back and review your work.
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Signature & Full name above