Your business’s success depends on multiple factors, including planning, strategizing, and marketing. But, out of all the business development practices, accounting and financial management is the core success factor—because inadequate money management can completely derail your business.
Category
Business
21 bookkeeping task
21BOOKKEEPINGTASKS YOUSHOULDPERFORMDAILY
Daily Accounts Management
1Online bookkeeping services can align an organization’s resources properly by daily recording sales and purchase transactions. Without failing, bookkeepers have to record business transactions into the designated accounting software to know exact cash inflow and outflow numbers.
2Manage Mails/EmailsIf you still aren’t practising paperless accounting, your bookkeeper should go through daily emails and sort relevant emails such as cheques/checks from customers, bank and credit card statements, purchase invoices, etc.
3Eye on LegalityWhether you receive a letter from IRC or any new tax amendment has just been made, your book-keeper needs to stay updated about all legal aspects of business management to keep you out of trouble.
4Up-to-date Record ManagementFilling and archiving important files and folders—both digitally and physically is a vital bookkeeping daily task.
Invoice Management
5 Depositing checks and cash receivable to the bank and writing off against the relevant invoices is on the top of the bookkeepers’ to-do list. From depositing bill receivables to issuing receipts to customers at the end of the day, bookkeepers have to manage your business invoices daily.
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