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?