Bookkeeping Process Checklist
📘 Interactive Bookkeeping Process Checklist
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1. Gather all financial documents (invoices, receipts, bank statements).
2. Sort and categorize transactions by type (income, expense, asset, liability).
3. Record transactions in accounting software or ledgers.
4. Reconcile bank and credit card statements.
5. Track accounts payable (bills to pay).
6. Track accounts receivable (invoices sent).
7. Process payroll and track employee expenses.
8. Calculate and file taxes (monthly, quarterly, or annually).
9. Generate financial reports (Profit & Loss, Balance Sheet, Cash Flow).
10. Back up all records securely (cloud or external drive).
11. Review books for errors or discrepancies.
12. Meet with accountant or advisor for review and planning.
13. Close books monthly/quarterly.
14. Prepare for audit or year-end closing (if applicable).