Instructions:

Before you begin using the template: Click "File" and "Make a Copy" to save your very own copy

This file is meant to get you started. Use your imagination on what other tasks to include. Go Get'em!!

Bill Hanna, CPA

Month Ending 11/30/2020 Deadline:
Category Task Working Day
Cash Bank Reconciliation 1
Liab Reconcile loan statement 2
OPEX Record Payroll 2
OPEX Accrue vacation, other payroll related 2
PP&E Record Depreciation 3
AP Record all vendor invoices 3
Liab Reconcile Deferred Revenue 3
OPEX Record Rent, deferred rent 3
Tax Accrue taxes 3
Liab Accrue Expenses 4
AR Billing 5
COGS Check for expired/obsolete goods 5
AR AR Reconciliation 6
Inventory Inventory Reconciliation 7
All Generate Financials and review 8
 Status
Deadline Owner Reviewer Owner Reviewer
12/1/2020 Tim Lisa Done Done
12/2/2020 Tim Lisa N/A Done
12/3/2020 Tim Lisa N/A Done
12/2/2020 Tim Lisa In Progress
12/3/2020 Tim Lisa Done
12/3/2020 Tim Lisa
12/3/2020 Tim Lisa Done
12/3/2020 Tim Lisa Done
12/3/2020 Tim Lisa Done
12/4/2020 Tim Lisa Done
12/7/2020 Tim Lisa Done
12/7/2020 Tim Lisa In Progress In Progress
12/8/2020 Tim Lisa
12/9/2020 Tim Lisa
12/9/2020 Lisa John
 Crabcake, Inc
Balance Sheet
For the month ended December 31, 2019

Assets
Current Assets:
Cash & Cash Equivilants $500,000
Accounts Receivable $7,000,000
Inventory $3,000,000
Total Current Assets $10,500,000

Other Assets:
Property, Plant & Equipment $3,500,000

Total Assets $14,000,000

Liabilities
Current Liabilities:
Accounts Payable $7,500,000
Accrued Expenses $300,000
Deferred Revenue $500,000
Total Current Liabilities $8,300,000

Non-Current Liabilites
Long Term Debt $3,500,000
Total Liabilities $11,800,000

Shareholder's Equity $2,200,000

Total Liabilities & Equity $14,000,000

Task:
Bank Reconciliation
Billing
AR Aging and recon to BS
Inventory Recon

Run Depreciation

Book all vendor invoices

AP Aging recon to BS
Accrue expense
Reconcile deferred revenue

Reconcile the loan statement

Stock option activity

 Crabcake, Inc
Income Statement
For the month ended December 31, 2019

Sales $4,000,000
Cost of Revenue $2,000,000
Gross Profit $2,000,000

Operating Expenses
General & Administrative
Payroll $600,000
Rent $200,000
Legal Fees $200,000

Research & Developement $375,000

Sales & Marketing $300,000
Total Operating Expenses $1,675,000

EBITDA $325,000
(Earnings Before Interest, Tax, Depreciation & Amortization)

Interest Expense $80,000

Depreciation $75,000
Taxes $50,000
Total Non-operating Expenses $205,000

Net Income $120,000

Task:

Check for expired goods

Record Payroll
Rent or deferred rent

Ensure all travel expenses are recorded

Record lnt expense from loan statement

Accrue taxes
Status
Done
N/A
In Progress
Month Ending 11/30/2020
Category Task
Cash Bank Reconciliation
Liab Reconcile the loan statement
Liab Accrue expense
Liab Reconcile deferred revenue
Equity Stock option activity
COGS Check for expired goods
OPEX Rent or deferred rent
OPEX Ensure all travel expenses are recorded
Non OPEX Record lnt expense from loan statement
Non OPEX Accrue taxes
OPEX Record Payroll
AR/Revenue Billing
AR/Revenue AR Aging and recon to BS
AP Book all vendor invoices
AP AP Aging recon to BS
Inventory Inventory Recon
PP&E Run Depreciation
General Generate FS and Review
 Deadline: Status
Working Day Deadline Owner Reviewer Owner Reviewer
1 2020-12-01 Tim Lisa Done Done
2 2020-12-02 Tim Lisa In Progress
3 2020-12-03 Tim Lisa
3 2020-12-03 Tim Lisa In Progress
3 2020-12-03 Tim Lisa
3 2020-12-03 Tim Lisa Done Done
3 2020-12-03 Tim Lisa
3 2020-12-03 Tim Lisa
3 2020-12-03 Tim Lisa
3 2020-12-03 Tim Lisa
4 2020-12-04 Tim Lisa
5 2020-12-07 Tim Lisa
5 2020-12-07 Tim Lisa
5 2020-12-07 Tim Lisa
5 2020-12-07 Tim Lisa
6 2020-12-08 Tim Lisa
7 2020-12-09 Tim Lisa
7 2020-12-09 Lisa John