Although Summer is typically a slower time of year, don’t let having up to date financials fall behind. Keeping your accounting records up to date and in good shape is crucial throughout the year!

Your Summer financial checklist should include:

  • Year-to-date cash receipts and disbursements summarized into accounting software
  • Bank and credit card accounts reconciled to date
  • Profit & Loss statement and Balance Sheet account activity properly classified
  • Year-to-date payroll reconciled to payroll reporting
  • Budget vs. actual report reviewed and analyzed
  • Profit & Loss statement and Balance Sheet reviewed and analyzed year over year
  • Cash Flow projection updated
  • Estimated taxes paid
  • Start to prepare for next year’s budget
  • Tax accountant called regarding year-end tax planning (Too soon? The year-end will be here sooner than you think…)
  • Gather information to complete 1099’s

Consider having a CFO review your books to ensure everything is correctly entered, that your financial reports are up to date, and that you understand all the various pieces of your company’s financial puzzle.

CFO Your Way offers financial expertise and support services customized to meet your needs. So, contact us. We will help and guide you through the list.

Assistance is just a phone call away. Schedule a Complimentary Consultation to discuss your needs.