Ignitespot Accounting

Small Business Basic Bookkeeping Checklist

• DAILY BOOKKEEPING

  ×

  How to do this task:

  Subtasks:

• Check how much cash you have on hand

  ×

  How to do this task:

  Subtasks:

• Be aware of incoming and outgoing payments

  ×

  How to do this task:

  Subtasks:

• WEEKLY BOOKKEEPING

  ×

  How to do this task:

  Subtasks:

• Record customer billings

  ×

  How to do this task:

  Subtasks:

• Record vendor payments

  ×

  How to do this task:

  Subtasks:

• Record customer payments

  ×

  How to do this task:

  Subtasks:

• File vendor bills and payment records

  ×

  How to do this task:

  Subtasks:

• Update payroll file

  ×

  How to do this task:

  Subtasks:

• Make vendor payments

  ×

  How to do this task:

  Subtasks:

• Prepare and send invoices

  ×

  How to do this task:

  Subtasks:

• ×

  How to do this task:

  Subtasks:

• Review forecasted cashflow

  ×

  How to do this task:

  Subtasks:

• MONTHLY BOOKKEEPING

  ×

  How to do this task:

  Subtasks:

• Balance the checkbook

  ×

  How to do this task:

  Subtasks:

• Review aged receivables (past due customer payments)

  ×

  How to do this task:

  Subtasks:

• Check inventory and analyze its status

  ×

  How to do this task:

  Subtasks:

• Process and review payroll

  ×

  How to do this task:

  Subtasks:

• Meet payroll tax requirements

  ×

  How to do this task:

  Subtasks:

• Review profit and loss compared to budget and previous years

  ×

  How to do this task:

  Subtasks:

• Review month-end balance sheet

  ×

  How to do this task:

  Subtasks:

• QUARTERY BOOKKEEPING

  ×

  How to do this task:

  Subtasks:

• Evaluate annual profit and loss estimate

  ×

  How to do this task:

  Subtasks:

• Quarterly payroll payments

  ×

  How to do this task:

  Subtasks:

• Make quarterly sales tax payments

  ×

  How to do this task:

  Subtasks:

• Make income tax payments

  ×

  How to do this task:

  Subtasks:

• ANNUAL BOOKKEEPING

  ×

  How to do this task:

  Subtasks:

• Review aged receivables. Send to collections?

  ×

  How to do this task:

  Subtasks:

• Year-end inventory status analysis

  ×

  How to do this task:

  Subtasks:

• Fill out IRS forms

  ×

  How to do this task:

  Subtasks:

• Review full-year financial reports

  ×

  How to do this task:

  Subtasks:

• Review tax returns before giving them to accountant

  ×

  How to do this task:

  Subtasks: