We have found such a great article and infographic from the Intuit blog and QuickBooks that we simply must share it with our readers. The article has a list of 21 things to do and when to do them for your small business accounting, and has even broken down these tasks by daily, monthly, quarterly and yearly. What a great tool! Below we have provided a snippet of the beginning of the checklist:

Small Business Accounting Checklist: 21 Things to Do and When to Do Them

Managing your business finances does not have to be eat-your-spinach drudgery. The key, of course, is to create a realistic plan with a budget, record your transactions correctly, review your results regularly and always keep good records. Your comfort level with the three basic financial reports that evaluate your fiscal health is also essential: the balance sheet, income statement and cash flow statement.

When is it time to do what? The following checklist lays out a recommended timeline to take care of the accounting functions that will keep you attuned to the state of your business and streamline your tax preparation. Read through for in-depth coverage of your required tasks, or skip to the end to see a handy infographic to use as a visual checklist.

Daily Accounting Tasks

1. Check Cash Position

Since cash is the fuel for your business, you never want to be running near empty. Start your day by checking how much cash you have on hand. Knowing how much you expect to receive and how much you expect to pay during the upcoming week/month is important, too—but it is not gas in your tank.

Read the rest of the article and view the infographic HERE.

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