To-do’s to be completed throughout the year:

Daily Tasks/Weekly Tasks

1. Enter business transactions into the general ledger to create a permanent financial history of your business.
2. Invoice your customers.
3. Make cash deposits.
4. Run Daily/weekly Cash Flow.
5. Process accounts payable and receivable.
6. Back up data.

End of month

1. Reconcile the bank statement to ensure every transaction is accounted for and it allocated to the proper account.
2. Financial Statements: Once the reconciliation is complete then you can print the Profit and loss statement, the balance sheet, and the statement of cash flows.
3. Review: this helps ensure that there are no data entry errors and also aids in business planning for the future.

Quarterly tasks vary.