Bookkeeping checklist
The requirement is to create a bookkeeping checklist to have a piece of mind and to sleep at night. As money is the lifeblood of any business, accounting tools and bookkeeping must be adequately maintained daily, monthly, and annually. If not, you will also lose all your money and the company.
By creating a step-by-step bookkeeping checklist, you will also become aware of the control.
• A person handling cash will not do the recording of the transaction.’
• Separate payment authorization and signing check for the same.
• Do not give all the responsibility to one person unless it’s yourself.
So, the bookkeeping checklist will remind you as to WHAT NEEDs DOING AT A PARTICULAR TIME. You will not miss anything when you follow it carefully.