I read all 16 accruals. Total December accruals are **$133,235**, against **$96,865** in November, which is up 37.5%. I didn't check anything outside the CSV, so the points below are things to follow up, not confirmed errors.

## Likely adjustments

| ID | Amount | Issue |
|---|---|---|
| **AC-14** | $6,310.20 | The invoice has been received (`invoice_received = Y`). It should be booked through AP, so leaving it in accruals risks counting it twice. Also check whether it overlaps with AC-13, which is for the same carrier. |
| **AC-07** | $5,400 | There is no `support_ref`, even though the basis is a PO. This is a spring catalogue design milestone, so confirm the work was actually done by 12/31. If it wasn't, this is a commitment and not a liability. It has also been open for 2 months. |
| **AC-06** | $7,600 | This is new in December and based on a PO. Accrue it only if the repair work was completed by year-end. If the work is still pending, there is no liability yet. Check whether any of it should be capitalized instead of expensed. |
| **AC-01** | $12,500 | This legal accrual has been open 7 months. It is the same flat estimate every month, it doesn't reverse (`reverses = N`), and no invoice has been received. Ask Harlow and Finch for a current work-in-progress figure or a billing statement. |

## Needs support or a reasonableness check

- **AC-02, audit ($18,000, doubled from $9,000):**
  - Confirm the first interim visit is unbilled. If it is, the cumulative balance makes sense.
  - Accrue only the fieldwork performed through 12/31. Year-end fieldwork happens after the balance sheet date and shouldn't be accrued.
- **AC-05, temp labour ($9,842.60, up 134%):**
  - Tie this to the December timesheets.
  - Check that the cutoff covers the right pay periods, since "last two weeks" may not be comparable to November.
- **AC-16, inbound freight ($6,330, up 121%):**
  - This is driven by pre-buy receipts ahead of the January price increase. Confirm those receipts landed on or before 12/31.
  - Check that this freight is capitalized into inventory cost and not expensed.
- **AC-11, common area charges ($6,750, up 46%):** Compare this to the landlord's actual Q4 estimate or statement.
- **AC-13 and AC-15 (up 25% and 37%):** This is plausibly seasonal volume. Check that the carrier log and parcel manifest support the cutoff dates.

## Looks reasonable

AC-03, AC-04, AC-08, AC-09, AC-10 and AC-12 are all within a few percent of November and have specific support references. AC-09's small drop matches a declining loan balance.

## Other observations

- Dana Whitfield owns AC-01, AC-02 and AC-11, which are three of the larger and less certain estimates. A second reviewer would be useful on those.
- The reverse flag is `N` only on AC-01. That is inconsistent with the other items, so confirm it is intentional.

If you'd like, I can total the exposure from the proposed adjustments. I can also draft the questions for each owner.