Daily Tasks

Most task can be completed at month end for small businesses.   If your business’ bank statement is 10 pages long then you may need to do these daily tasks weekly, and large businesses can adapt the daily.

Most companies use such software like QuickBooks to track the journals.  Again it should depend on your business size, or expendable funds at hand.  Enter bank statement entries into the journal, this reallocates the item to the proper accounts.

  1. Enter business transactions into the general ledger to create a permanent financial history of your business.
  2. Invoice your customers.
  3. Make cash deposits.
  4. Run Daily Cash Flow.
  5. Back up data.