Scribd Logo
Upload

Welcome to Scribd!

  • 18 views

    Clean Up & Catch Up

    Uploaded by

    fneelav
    This document provides guidance on clean up and catch up tasks for bookkeeping projects. It includes instructions to upload bank statements, enter all bills and invoices, reconcile various accounts including bank, credit cards, wages, and conduct quality control checks of accounts. It also lists adjustments needed for payroll, loans, assets, accruals and prepayments. Finally, it outlines final checks including bank and payment reconciliations, reviewing fixed assets, setting inventory, and closing the books with a password.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Clean Up & Catch Up

    Uploaded by

    fneelav
    18 views2 pages
    This document provides guidance on clean up and catch up tasks for bookkeeping projects. It includes instructions to upload bank statements, enter all bills and invoices, reconcile various accounts including bank, credit cards, wages, and conduct quality control checks of accounts. It also lists adjustments needed for payroll, loans, assets, accruals and prepayments. Finally, it outlines final checks including bank and payment reconciliations, reviewing fixed assets, setting inventory, and closing the books with a password.

    Original Description:

    Original Title

    Clean Up & Catch Up (2)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides guidance on clean up and catch up tasks for bookkeeping projects. It includes instructions to upload bank statements, enter all bills and invoices, reconcile various accounts including bank, credit cards, wages, and conduct quality control checks of accounts. It also lists adjustments needed for payroll, loans, assets, accruals and prepayments. Finally, it outlines final checks including bank and payment reconciliations, reviewing fixed assets, setting inventory, and closing the books with a password.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    18 views2 pages

    Clean Up & Catch Up

    Uploaded by

    fneelav
    This document provides guidance on clean up and catch up tasks for bookkeeping projects. It includes instructions to upload bank statements, enter all bills and invoices, reconcile various accounts including bank, credit cards, wages, and conduct quality control checks of accounts. It also lists adjustments needed for payroll, loans, assets, accruals and prepayments. Finally, it outlines final checks including bank and payment reconciliations, reviewing fixed assets, setting inventory, and closing the books with a password.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    ● Clean Up & Catch Up Tricks (Applicable for Any Project)

    Work Schedule:

    ● Bank Statement Upload


    ● Enter all bills & Invoice 100%

    Matching:
    ● Easy Bit first- Bank Charges, Travel, Entertainment, Post Office.Credit Card Fees
    ● Director Loan
    ● Inter Bank Transfer
    ● Credit Card Payment
    ● Wages/NI/Paye Payable
    3.Bill Matching
    4.Wages Journal -Reconcile
    5.Bank Reconciliation– Opening Balance (Bank)
    6.Bookkeeping Quality Control- Process
    ● DEBTORS/CREDITORS
    ● Control A/C
    ● Sales Ledger
    ● Cost Of Sales

    ● Adjusting
    ● Payroll/Directors Loan Adjustment: Adjust with directors Loan
    ● Motor Vehicles Opening Balance 20000, Acc Dep Balance 12000, 25%Reducing
    Balance
    ● Stock Balance £14250
    ● Business Loan, Need to Split Interest & Principal ( PLeas ask your client for
    Loan Statement)
    ● Accrual -Accountants Fee £1200
    ● Prepayment- Insurance £2400

    FINAL CHECK BEFORE DELIVER JOB

    1.IF BANK RECON DONE /CREDIT CARD/PAYPAL/STRIPE (CHEQUE ALL ARE


    RECONCILED,if its more than 1 bank, please make a cheque List in Excel
    2.Year End Journal Entries , if and only client ask you (95% case clients will not ask you)
    3.Reviewing new fixed asset Purchase and put them in Right COA , if needed ask your client
    4.Making Depreciation Journal entries (IF client Ask you)
    5.Ask Client for Physical inventory , and post adjusting Journal entries.
    6.Setting a closing date and password , please took a note of password and share it with clients.

    You might also like