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Monthly Bookkeeping Tasks
Keep your business in good financial standing by making sure these bookkeeping tasks are done each month.
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
This creates a private checklist in your account.