Accounting and finances for a small business can be overwhelming, but there are always easy ways to ensure you don’t get to bogged down. In this article you will find 21 things you can do to keep up. The 21 items are listed below, but the full article can be accessed using the link at the bottom of this post.
DAILY ACCOUNTING TASKS
1. Check Cash Position
WEEKLY ACCOUNTING TASKS
2. Record Transactions
3. Document and File Receipts
4. Review Uppaid Bills from Vendors
5. Pay Vendors, Sign Checks
6. Prepare and Send Invoices
7. Review Projected Cash Flow
MONTHLY ACCOUNTING TASKS
8. Balance Your Business Checkbook
9. Review Past-Due (aged) Receivables
10. Analyze Investory 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
QUARTERLY ACCOUNTING TASKS
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 Payments
ANNUAL ACCOUNTING TASKS
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
To read the full article, click on this link: http://quickbooks.intuit.com/r/bookkeeping/small-business-accounting-checklist-10-things/
