Monthly Bookkeeping

Monthly Bookkeeping Tasks

• Download and save all end of month statements (might have to wait a few days into next month)

• Import and update all monthly transactions

• Identify and match all monthly transfers (you want to do transfer first)

• Identify owners draws and investments

• Record "out of bank" transactions (example would be fees from credit card transactions)

• Record checks and cash expenses

• Reconcile your account

• Review your profit and loss statement

• Review your balance sheet

• Analyze your company reports

• Payment any outstanding bills

• Send out final reminder invoices

• Review company expenses (is there anything you can reduce or cancel?)

• Create a financial planning spreadsheet for current month