NOT GATEKEEPING MY BOO

NOT GATEKEEPING MY BOO NOT GATEKEEPING MY BOOKKEEPING WORKFLOW PART 1 6 years as virtual bookkeeper and this workflow works for me STEP 1/5 Go to Bank Feeds and categorize ALL the transactions STEP 2/5 Reconcile bank + credit card accounts Make sure no unclear items left (except those confirmed as outstanding checks and deposit in transit) First line of detecting errors STEP 3/5 Review the General Ledgers Catch posting errors. Leave a note for transactions that need reclassification or adjustments Second line of detecting errors STEP 4/5 Create adjusting entries & reclassifications STEP 5/5 Part 1 Review the Balance Sheet Statement Make sure each balance sheet account is supported with schedules/reconciliation statement that would match with the account balance in the balance sheet Last line of detecting errors STEP 5/5 Part 2 Review the Profit & Loss Statement Do a trend analysis, you compare current period to prior period. Investigate significant increase and decrease if it makes sense. First line of detecting errors Last line of detecting errors Daily task - Bank Feeds Monthly task - Steps 2-5 YUN LANG. TAKE CARE!