Accounting Procedure Checklist

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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