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

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