@JenPM,
Fantastic. That is exactly the kind of personal tasks/methods I was hoping for. I will add you to the list!
Daily Accounting Tasks
Weekly Accounting Tasks
- Record Transactions
- Document and File Receipts
- Review Unpaid Bills From Vendors
- Pay Vendors, Sign Checks
- Prepare and Send Invoices
- Review Projected Cash Flow
Monthly Accounting Tasks
- Balance Your Business Checkbook
- Review Past-Due (“Aged”) Receivables
- Analyze Inventory Status
- Process or Review Payroll and Approve Tax Payments
- Review Actual Profit and Loss vs. Budget and vs. Prior Years
- Review Month-End Balance Sheet vs. Prior Period
- Double-check for duplicate transactions after account reconciliation (@JenPM)
- Check if there are any uncashed checks older than 6 months (@JenPM)
Quarterly Accounting Tasks
- Prepare/Review Revised Annual P&L Estimate
- Review Quarterly Payroll Reports and Make Payments
- Review Sales Tax and Make Quarterly Payments
- Compute Estimated Income Tax and Make Payment
Annual Accounting Tasks
- Review Past-Due Receivables
- Review Your Inventory
- Fill Out IRS Forms W-2 and 1099-MISC
- Review and Approve Full-Year Financial Reports and Tax Returns
- Review vendor and customer list for duplicates, update information as needed (@JenPM)
- Run transaction detail by-account reports to review income and expense accounts to ensure accounts are properly classified (@JenPM)
- Update and consolidate the Chart of Accounts as needed (@JenPM)
@mcwagner, do you have any recommendations for this list?
