Difference between revisions of "Closing out the month"
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| − | # | + | This is a checklist of things that need to be done before the month is closed out for bookkeeping. By completing all the items on this list, we ensure a more accurate picture of actual income and expenditures -- useful when setting the budget. |
| − | #* record credit card | + | |
| − | #* | + | # pay bills |
| − | # | + | #* record bills that have been paid automatically |
| − | # | + | #* write and mail checks for bills that need manual payment |
| − | # | + | #** (get authorization from appropriate committee if bill is at all questionable) |
| − | #* | + | # record payroll transactions |
| − | #* check A/R accounts | + | #* regular payroll |
| − | # | + | #* substitute payroll |
| − | # | + | #* tax withholding |
| − | # | + | #* payroll accounting fees |
| − | # | + | # record receipts |
| − | # | + | #* credit card |
| − | #** | + | #* reimbursements (from cash box) |
| − | #** | + | # record daily income reports |
| − | # | + | # record deposits |
| − | + | # record online account transactions | |
| + | #* eBay (Serge creates a spreadsheet) | ||
| + | #* online paypal donations (if any) | ||
| + | #* initiate a transfer to appropriate bank accounts and have michael finish it by transferring money into savings | ||
| + | # check A/R accounts | ||
| + | #* recycling vendors (i.e. Calbag) | ||
| + | #* tenant sublets | ||
| + | # check A/P accounts | ||
| + | #* recycling vendors (i.e. Total Reclaim) | ||
| + | # reconcile bank accounts | ||
| + | #* ebay transfer | ||
| + | #* donations transfer | ||
| + | #* savings (operating reserve) | ||
| + | #* main checking | ||
| + | # reconcile cash box | ||
[[Category: Bookkeeping]] | [[Category: Bookkeeping]] | ||
Revision as of 10:13, 27 September 2007
This is a checklist of things that need to be done before the month is closed out for bookkeeping. By completing all the items on this list, we ensure a more accurate picture of actual income and expenditures -- useful when setting the budget.
- pay bills
- record bills that have been paid automatically
- write and mail checks for bills that need manual payment
- (get authorization from appropriate committee if bill is at all questionable)
- record payroll transactions
- regular payroll
- substitute payroll
- tax withholding
- payroll accounting fees
- record receipts
- credit card
- reimbursements (from cash box)
- record daily income reports
- record deposits
- record online account transactions
- eBay (Serge creates a spreadsheet)
- online paypal donations (if any)
- initiate a transfer to appropriate bank accounts and have michael finish it by transferring money into savings
- check A/R accounts
- recycling vendors (i.e. Calbag)
- tenant sublets
- check A/P accounts
- recycling vendors (i.e. Total Reclaim)
- reconcile bank accounts
- ebay transfer
- donations transfer
- savings (operating reserve)
- main checking
- reconcile cash box