Daily, weekly, monthly and quarterly tasks

Daily Tasks

  1. Enter every business transaction. Simply keep receipts somewhere accessible for 7 years.
  2. Invoice clients/customers
  3. Make cash deposits

Weekly Tasks

  1. Run a weekly cash flow report and check that your data entries and filing are complete.
  2. Run Accounts payable.
  3. Run Accounts receivable.
  4. Check for overdo’s

Monthly tasks

  1. Monthly bookkeeping – gather receipts and bank statement to enter into software or
  2. reconcile

Quarterly tasks

  1. Sales tax, employee payroll,income
  2. review reports – should utilize software.