Accounting Procedure Checklist
This checklist maps out key elements and tasks in the accounting procedure. Please check the corresponding box once a task has been completed.
Done | Task |
|---|
✔ | Record financial transactions daily. |
| Review and reconcile books regularly. |
| Ensure accurate record of income and expenses. |
| Categorize transactions correctly. |
| Prepare balance sheets and income statements. |
| Generate cash flow statements. |
| Extract business insights from financial reports. |
| Track taxable income, deductions, and credits. |
| Prepare and file tax returns. |
| Plan for upcoming taxes. |
| Stay updated on tax law changes. |
| Ensure financial statements comply with accounting standards. |
| Conduct internal audits. |
| Address audit inquiries from external auditors. |
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