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
