Quarterly Small Business Good Practice Checklist
Part of any organized business includes a standard set of tasks that must be completed on a daily, weekly and monthly basis. To make the job of management easier, it is a best business practice to have an established list of tasks per department and all the way down to the position level. Use these key quarterly accounting tasks to help keep your small businesses on track.
How often should this be used?
Quarterly.
Quarterly.
Library
Categories
Quarterly Small Business Good Practice
Quarterly Accounting Tasks
It’s time to evaluate how much money you are actually making, whether your net assets are going up or down, the difference between revenues and expenses, what caused those changes, how you are spending profits, as well as identifying trouble spots, and making adjustments to improve sales and margins.
Prepare/review revised annual P&L estimate
Review quarterly payroll reports and make payments
Review sales tax and make quarterly payments
Compute estimated income tax and make payment
Refer bad debts to collection agency
Credit check of new debtors
Review and negotiate trading terms with slow payers
Reports
Profit and loss statement
Balance sheet
Cash flow statement
