Small Business Basic Bookkeeping Checklist

It's simple if you do a little bit every day. To make things easier for you, here's a bookkeeping checklist for daily, weekly, monthly, quarterly, and annual tasks.

  • DAILY BOOKKEEPING

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    How to do this task:
    Subtasks:
  • Check how much cash you have on hand

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    How to do this task:
    Subtasks:
  • Be aware of incoming and outgoing payments

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    How to do this task:
    Subtasks:
  • WEEKLY BOOKKEEPING

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    How to do this task:
    Subtasks:
  • Record customer billings

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    How to do this task:
    Subtasks:
  • Record vendor payments

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    How to do this task:
    Subtasks:
  • Record customer payments

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    How to do this task:
    Subtasks:
  • File vendor bills and payment records

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    How to do this task:
    Subtasks:
  • Update payroll file

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    How to do this task:
    Subtasks:
  • Make vendor payments

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    How to do this task:
    Subtasks:
  • Prepare and send invoices

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    How to do this task:
    Subtasks:
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    How to do this task:
    Subtasks:
  • Review forecasted cashflow

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    How to do this task:
    Subtasks:
  • MONTHLY BOOKKEEPING

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    How to do this task:
    Subtasks:
  • Balance the checkbook

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    How to do this task:
    Subtasks:
  • Review aged receivables (past due customer payments)

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    How to do this task:
    Subtasks:
  • Check inventory and analyze its status

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    How to do this task:
    Subtasks:
  • Process and review payroll

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    How to do this task:
    Subtasks:
  • Meet payroll tax requirements

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    How to do this task:
    Subtasks:
  • Review profit and loss compared to budget and previous years

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    How to do this task:
    Subtasks:
  • Review month-end balance sheet

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    How to do this task:
    Subtasks:
  • QUARTERY BOOKKEEPING

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    How to do this task:
    Subtasks:
  • Evaluate annual profit and loss estimate

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    How to do this task:
    Subtasks:
  • Quarterly payroll payments

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    How to do this task:
    Subtasks:
  • Make quarterly sales tax payments

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    How to do this task:
    Subtasks:
  • Make income tax payments

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    How to do this task:
    Subtasks:
  • ANNUAL BOOKKEEPING

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    How to do this task:
    Subtasks:
  • Review aged receivables. Send to collections?

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    How to do this task:
    Subtasks:
  • Year-end inventory status analysis

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    How to do this task:
    Subtasks:
  • Fill out IRS forms

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    How to do this task:
    Subtasks:
  • Review full-year financial reports

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    How to do this task:
    Subtasks:
  • Review tax returns before giving them to accountant

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    How to do this task:
    Subtasks:

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