Workflow Templates: Monthly Financial Reporting Checklist

Template Library Home

Start using this Workflow

Monthly Financial Reporting Checklist

Income and Expense Review

Verify all expected rental payments are received and properly recorded

Review and reconcile any discrepancies in ancillary income streams

Analyze and report on variances between actual and budgeted expenses

Bank Reconciliation

Reconcile all bank statements with the general ledger

Investigate and resolve any reconciling items or discrepancies

Ensure all bank transfers are properly documented and authorized

Accounts Payable and Receivable

Review accounts payable aging report for overdue payments

Confirm all vendor invoices are accounted for and processed

Review accounts receivable aging report and follow up on overdue tenant balances

Financial Statements and Reports

Prepare and review monthly balance sheet to ensure accurate representation of assets and liabilities

Generate income statement to evaluate profitability and compare to budget

Compile and distribute financial packet including executive summary and detailed reports to stakeholders

Budget Analysis

Compare actual income and expenses against the budgeted amounts

Explain significant budget variances in the management report

Adjust forecasts and projections based on current month's performance

Compliance and Auditing

Ensure compliance with all financial reporting regulations and standards

Review transactions and activities for adherence to internal financial controls

Prepare for any upcoming audits by organizing financial records and documentation

Use this template in Manifestly

Start a Free 14 Day Trial

Use Slack? Start your trial with one click

With Slack

Ready to take control of your recurring tasks?

Start Free 14-Day Trial

Use Slack? Sign up with one click

With Slack

Company

About
Product Roadmap
API Reference
Privacy Policy
Terms
Contact Us
Blog

Resources

Help
Getting Started Guides
Video Center
Demos
Your Account
Use Cases
Pricing

When you visit or interact with our sites, services or tools, we or our authorised service providers may use cookies for storing information to help provide you with a better, faster and safer experience and for marketing purposes.