Use this Checklist as a general guide and expand it to fit the needs of your company. Descriptions and instructions for the reports listed are available in the manual.

Daily:

• Always run a proof lists and check it before posting. Save the proof lists until a balanced trial balance and matching vendor and client agings are printed.

Weekly:

Print the out-of-balance checker report (Edit > G/L Tools > Auditor) if the trial balance is not in balance. Make any adjusting entries that are necessary. If the account has a balance, print the audit trail for the suspense account. Then make the journal entries necessary to clear the balance.

Monthly:

Print the trial balance for the period you have just completed.

If the trial balance is not in balance, check the Out of Balance Checker. Make any adjusting entries that are necessary. Print an audit trail for the suspense account if necessary, then make corrections.

Print the vendor and client agings. Compare the balances to the trial balance. Attend to any accounts which are not in balance.

Make journal entries for month-end bank charges, etc. Reconcile the bank statement. Print and save the reconciliation. Save the balanced monthly reports, including agings, for each month in a 3-ring binder. Reports should be separated by month with a divider. They are an essential reference when balancing future months. Also, this gives you an essential paper trail for reference (it's your last-chance backup).

Lock any accounting period you don't want any more detail added to. Save the Proof lists & reports for a paper trail reference.

Save the Proof Lists & reports for a paper trail reference.