List: Small Business Accounting Checklist and Infographic: 21 Things to Do and When to Do Them

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List: Small Business Accounting Checklist and Infographic: 21 Things to Do and When to Do Them

  • 1.Check Cash Position
  • 2.Record Transactions
  • 3. Document and File Receipts
  • 4. Review Unpaid Bills From Vendors
  • 5. Pay Vendors, Sign Checks
  • 6. Prepare and Send Invoices
  • 7. Review Projected Cash Flow
  • 8. Balance Your Business Checkbook
  • 9. Review Past-Due (“Aged”) Receivables
  • 10. Analyze Inventory Status
  • 11. Process or Review Payroll and Approve Tax Payments
  • 12. Review Actual Profit and Loss vs. Budget and vs. Prior Years
  • 13. Review Month-End Balance Sheet vs. Prior Period
  • 14. Prepare/Review Revised Annual P&L Estimate
  • 15. Review Quarterly Payroll Reports and Make Payments
  • 16. Review Sales Tax and Make Quarterly Payments
  • 17. Compute Estimated Income Tax and Make Payment
  • 18. Review Past-Due Receivables
  • 19. Review Your Inventory
  • 20. Fill Out IRS Forms W-2 and 1099-MISC
  • 21. Review and Approve Full-Year Financial Reports and Tax Returns
Small Business Accounting Checklist and Infographic: 21 Things to Do and When to Do Them
Scott Adkins
Scott Adkins
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