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. Click here to view a PDF of this Daily / Weekly / Monthly / Quarterly Task Guide.


Daily Task Guide


ACCOUNTING
OPERATIONS



Weekly/Biweekly Task Guide


ACCOUNTING
OPERATIONS
  • Post payroll JE after confirming the following: 
    1. Payroll JE date matches payroll ending date 
    2. All DSS in payroll period are approved
  •  Run GL Account Detail for Accrued Payroll to Confirm Reversal




Monthly Task Guide


ACCOUNTING
OPERATIONS
  1.  Bank Reconciliation
  2.  Review Financial Reports 
    1. Balance Sheet up through Period Close
    2. Profit and Loss for the Period
  1.  Perform & Review period end inventory
    1. Quantity counted for any mis-keyed items
    2. Cost per each item (sort low to high and high to low)
    3. Flags - Twice as Much, Half as Much, and Zero Quantity
  2.  Review financials and operational reports for possible cost savings
    1. Actual vs Theoretical Analysis for line-items COGS and variance
    2. Menu Item Analysis


Quarterly Task Guide


ACCOUNTING
OPERATIONS
  1. Reconcile Balance Sheet Accounts
    1. Cash Account to Bank Statement
    2. Accounts Payable to AP Aging
    3. Accounts Receivable to AR Aging
  1. Self-audit the database to correct the following:
    1. Units of Measure - Incorrect math statements and misleading names
    2. Purchased Items - Possible duplicates, missing categories, and incorrect GL assignments
    3. Vendor Item Mappings - Possible mis-mapped items, update contract pricing