VIEWS: 852 PAGES: 1 CATEGORY: Budgeting Worksheets and Calculators POSTED ON: 10/14/2011
The Quarterly Accounting Checklist provides business owners with a detailed list of accounting functions to be completed on a quarterly basis, such as sales tax returns, processing payroll liabilities, etc. Company management should supply this list of tasks to the appropriate accounting officer(s) and managers should also list a target date for completion. This spreadsheet can be customized to fit the needs of the any company and, depending on the business and/or industry, items may be omitted or additional responsibilities may be added.
Quarterly Accounting Checklist [COMPANY NAME] Company Year End Date: Our goal is to complete the Fiscal Year End by: Tasks to be included: Target Date: Initials: Initials: 1) Review 'Clearing Account'; ensure all General Ledger ('GL') transactions are complete 2) Analyze General & Administration expenses and reallocate any applicable costs to Cost of Goods Sold 3) Assign categories to all unallocated sales in the Sales GL 4) Capitalize all new asset purchases over $1,000 5) Review Shareholder's Equity and discuss dividends schedule 6) Write Off Bad Debts - Accounts Receivable that won't pay 7) Expense all cleared prepaid expenses and advances; input remaining employee expenses for the quarter 8) Inventory count of capital assets/ equipment/ merchandise/ inventory, document their physical location and valuate 9) Generate purchase orders for inventory quantity near or below reorder point 10) Review outstanding loans; calculate interest owed to lenders 11) Complete all bank reconciliations statements 12) Complete all credit card reconciliations 13) Enter all invoices/ purchase orders and process the Accounts Payable aged report for management review 14) Enter all contracts/ client invoices and process Accounts Receivable aged report for management review 15) Enter all Revenue Accruals and Deferrals 16) Process and pay outstanding quarterly payroll liabilities and ensure they coincide with the cumulative payroll totals 17) Prepare all sales tax returns for the fiscal quarter 18) Ensure all inter-corporate transactions balance; ensure all foreign accounts are converted to the quarter end exchange % 19) Compare actual revenues and expenses with the corporate budget; make adjustments to the rolling budget 20) Produce Financial Statements for Management review
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