Bookkeeping Checklist | Accounting Checklist | MAC

Bookkeeping Checklist

Bookkeeping Checklist:

Purpose of Virtual Bookkeeping Checklist:

This document is helpful for the accountants, bookkeeper and individuals to ensure that the have all the basic information required for starting an engagement with the client. This is not an exhaustive document for the information required for bookkeeping. However, this provides an overview of the basic information required.

DOCUMENTS FOR MASTER FILE

  • Incorporation document of business Entity
  • Opening Trial Balance
  • Income tax return of the last year
  • Electronic Bookkeeping files

SALES

  • Invoices issued to the clients/customers
  • Details ofadvance payments received from clin/customer

PAYROLL

  • Payroll details of employees
  • Details of salry paid and calculation

CASH & BANK

  • Cash Receipts
  • CASH payment book (if at all maintained)
  • Bank Statements
  • Credit card statements
  • Cheque stubs
  • Invoices received for expenses incurred
  • Receipts/invoices for purchase of fixed assets
  • Receipt of payment of taxes

INVENTORY

  • list of inventory items involved business

OTHER RELEVANT TANSACTIONS

  • Summary of any major event durin the year
  • Payments to share holders
  • loan statemenr for loan taken from bank/ financial institution
  • Details of withholding tax paid(if any)
  • Retuens faild with tax authorities
  • Any correspondence with goverment authorities

If your Business requirement with specific bookkeeping services then Contact Us Here MAC is the perfect place for bookkeeping services.

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