Workflow Templates: Daily Bookkeeping Checklist

Check and verify all new transactions for the day across all accounts

Categorize each transaction appropriately to the correct account

Ensure all transactions are recorded with accurate amounts and dates

Compare internal records with bank statements to ensure they match

Identify any discrepancies and investigate the cause

Adjust the ledger to reflect the accurate bank statement balance

Review outstanding invoices and send reminders for any overdue payments

Record any payments received and update customer account balances

Generate and issue invoices for any new transactions or services rendered

Verify and enter bills from suppliers and service providers

Schedule payments for bills that are due and avoid late fees

Reconcile supplier statements with internal records to ensure accuracy

Update cash flow statements with daily income and expenses

Analyze cash flow trends and anticipate any potential shortfalls

Adjust budget or operational strategies based on current cash flow

Set aside a portion of revenue for tax payments based on current rates

Ensure all tax-related transactions are properly classified and recorded

Stay updated with any tax law changes that can impact bookkeeping practices

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Daily Bookkeeping Checklist