Small Business Accounting Checklist

Small Business Accounting Checklist South Africa

Monthly checklist

Record all income
Capture expenses
Reconcile bank accounts
Review debtors
Review creditors
Process payroll
Check VAT/PAYE obligations where applicable
Review cash flow
Review profit and loss
Back up accounting records
Review outstanding customer invoices
Prepare management reports

Important: Good accounting records give business owners better visibility over profitability, cashflow and financial performance.

Don't have time to manage your books? Request a consultation