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. Reconcile every bank account.

  2. Check for stale transactions.

  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. Balance your debtor and creditor control accounts.

  9. Give inventory the once over.

  10. Reconcile all payroll liability accounts.

  11. Scan transaction reports for weird stuff or mistakes.

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

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Bookkeeping For Dummies Cheat Sheet (Australia/New Zealand Edition)