Small business bookkeeping checklist.pdf

Managing your small business’s finances efficiently starts with a solid bookkeeping checklist. Begin by setting up a system for tracking all income and expenses, ensuring that every transaction is recorded accurately and categorized correctly.

1. Small Business
Bookkeeping
Checklist

2. Organize and maintain financial records.
Separate Business and Personal Business.
Track Income and Expenses.
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3. Use Accounting Software.
Create a Chart of Accounts.
Reconcile Bank Statements.
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4. Track Accounts Receivables and
Accounts Payable.
General Financial Statements.
Stay Compliant with Tax Obligations.
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5. Monitor Cash Flow.
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Keep Backup of Financial Records.
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