Accounting Procedure Checklist
Accounting Procedure Checklist
This checklist maps out key elements and tasks in the accounting procedure. Please check the corresponding box once a task has been completed.
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Done |
Task |
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✔ |
Record financial transactions daily. |
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Review and reconcile books regularly. |
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Ensure accurate record of income and expenses. |
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Categorize transactions correctly. |
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Prepare balance sheets and income statements. |
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Generate cash flow statements. |
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Extract business insights from financial reports. |
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Track taxable income, deductions, and credits. |
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Prepare and file tax returns. |
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Plan for upcoming taxes. |
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Stay updated on tax law changes. |
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Ensure financial statements comply with accounting standards. |
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Conduct internal audits. |
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Address audit inquiries from external auditors. |
