Track this month’s steps
Mark each step as you work. Your choices stay in this browser.
1. Capture all activity
Make sure bank, credit-card, payment-processor, loan, and cash activity for the month has been recorded.
2. Categorize transactions
Review uncategorized or unclear items and add enough context to distinguish business income, expenses, transfers, loan activity, owner activity, and other categories.
3. Reconcile accounts
Compare the bookkeeping balances with bank and credit-card statements. Investigate differences instead of carrying them forward.
4. Review invoices and bills
Check outstanding customer invoices, unpaid vendor bills, duplicate items, credits, and payments that have not been applied correctly.
5. Organize supporting documents
Attach or store invoices, receipts, statements, contracts, loan documents, and other supporting records in a consistent location.
6. Review the monthly picture
Look at profit and loss, cash movement, unusual expenses, large changes, and open questions. Document items that need follow-up next month or professional review.