Monthly Bookkeeping Checklist

Collect

• Chase missing receipts and invoices
• Import bank feeds
• Download merchant and payment provider reports

Process

• Categorize all transactions
• Match supplier bills to payments
• Record customer receipts
• Post journals for payroll
• Handle foreign currency revaluation

Reconcile

• Reconcile every bank and card account
• Reconcile control accounts
• Review suspense account is nil
• Check aged debtors and creditors

Report

• Produce management summary
• Flag anomalies to the client
• Confirm sales tax position
• Close the period