Ultimate Monthly Checklist
- Monthly bookkeeping completed.
- All bank accounts reconciled.
- Review till reports & reconcile to bank lodgements.
- Review costs and expenses.
- Diary any upcoming Revenue and CRO deadline (Click here for details).
- Ensure all business licences are current and up to date.
- Obtain tax clearance if necessary.
- Complete, submit and pay VAT.
- Complete, submit and pay P30 (PAYE/PRSI/USC) details.
- Add new employees to payroll system.
- Provide any employees that are leaving with a P45.
- Were there any HR issues during previous period (sick / late / absent / Bonus/ Commissions)
- Review employment needs for last period – do we need to hire or let go?
- Ensure all sales invoices have been sent to credit customers.
- Invoice for an ongoing WIP (work-in-progress). Similar to stage payments.
- Compare sales to previous month, previous quarter and same month last year.
- Review your aged debtors listing (i.e. customers who owe you money). Act on any overdue accounts.
- Investigate any negative balances.
- Review your aged creditors listing. Query any overdue accounts.
- Review your stock levels. Are they adequate for the week/month ahead?
