Since Accounting and Operations work in conjunction with each other, below lists the daily, weekly, and monthly tasks that should be completed for financial success. Download a PDF of the Daily / Weekly / Monthly / Quarterly Task Guide or an editable version of the checklist to modify tasks and designate team members to their responsibilities.
Daily Task Guide
Weekly/Biweekly Task Guide
Monthly Task Guide
ACCOUNTING | OPERATIONS |
- Bank Reconciliation
- Review Financial Reports
| - Perform & Review period end inventory
- Quantity counted for any mis-keyed items
- Cost per each item (sort low to high and high to low)
- Flags - Twice as Much, Half as Much, and Zero Quantity
- Review financials and operational reports for possible cost savings
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Quarterly Task Guide
ACCOUNTING | OPERATIONS |
- Complete the Accounting Self-Audit, which includes reconciling Balance Sheet Accounts
- Cash Account to Bank Statement
- Accounts Payable to AP Aging
- Accounts Receivable to AR Aging
| - Complete the Operations Self-Audit, which includes reviewing and correcting the following:
- Units of Measure - Incorrect math statements and misleading names
- Purchased Items - Possible duplicates, missing categories, and incorrect GL assignments
- Vendor Item Mappings - Possible mis-mapped items, update contract pricing
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