General Recordkeeping Schedule (Post for your convenience)

General Recordkeeping Schedule

(Post for your convenience)

This Recordkeeping Schedule will advice you to adapt your accounting chores. Copy it and keep

it with your records. It will serve as a basal adviser for a being who has no accounting experience.

Daily

• Go through mail and array according to activity needed.

• Pay any invoices all-important to accommodated abatement deadlines.

• Record accepted day’s invoices in Accounts Receivable.*

• Unpack and cool admission account (product business).

• Record account advice (product business).

*Accounting software users. Invoices generated from aural your accounting

software will be automatically acquaint to the able accounts.

Weekly

• Prepare assets drop and accomplish drop in bank.

• Enter drop in checkbook and Revenue & Expense Journal.*

• Enter sales advice in Account Record (product business).

• Enter week's blockage affairs in Revenue & Expense Journal.

• Record petty banknote purchases in Petty Banknote Record. File receipts.*

• Pay invoices due. Be acquainted of abatement dates. File invoices.

• Record acquirement of any depreciable purchases in your Fixed Assets Log.*

*Accounting software users. Enter deposits, checks written, and petty cash

expenditures for the week.

Monthly

• Antithesis checkbook and accommodate with coffer statement.*

• Enter absorption becoming and coffer accuse in Revenue & Expense Journal and checkbook.

• Total and antithesis all Revenue & Expense Journal columns.*

• Check Accounts Receivable and accelerate out statements to accessible accounts.

• Prepare account Profit & Loss Account and Antithesis Sheet.*

*Accounting software users. Perform coffer reconciliation. P&L and Antithesis Sheets

can be generated automatically application your software.

End of the Year

• Pay all invoices, sales taxes and added costs that you ambition to use as deductions

for the accepted year.

• Transfer 12th ages totals from the Revenue & Expense Journal to the Profit & Loss.*

• Prepare anniversary P&L. Total accumbent columns to get annual totals for anniversary category.*

• Prepare an end-of-the-year Antithesis Sheet.*

• Prepare a Banknote Flow Account (budget) for the advancing year application the P&L as an aid.

• Set up new annal for the advancing year.

*Accounting software users. Anniversary P&L and Antithesis Sheets can be generated by the

software. User selects date ambit for all letters (i.e., This Fiscal Year, This Month,

Last Fiscal Year, etc.). Accounting is connected and does not charge to be set up.