Bookkeeping For Dummies, 4th UK Edition
Book image
Explore Book Buy On Amazon

This step-by-step bookkeeping checklist should help you sleep easy at night knowing that you have done what you needed to do to get your books in tip-top shape.

  1. Ensure you set up bank feeds for every account.

  2. At least once a month, reconcile every bank account against bank statements.

  3. Look for pre-dated or future-dated transactions.

  4. Eat a family bar of chocolate in one sitting (oh yes, and clean up the debtors list).

  5. Sweep through the creditors list.

  6. Check tax codes on all transactions.

  7. Reconcile your GST liability accounts.

  8. Give inventory the once over.

  9. Reconcile all payroll liability accounts.

  10. Scan transaction reports for weird stuff or mistakes.

  11. Read through the financials and check they make sense.

About This Article

This article can be found in the category: