Week 1: Gather
- Confirm all bank & card feeds are connected and current.
- Download last month's statements.
- Collect receipts and invoices.
- Review accounts receivable.
Week 2: Categorize & Reconcile
- Categorize every uncategorized transaction.
- Split mixed-purpose transactions.
- Reconcile every bank and credit card account.
- Reconcile loans and lines of credit.
Week 3: Adjust & Close
- Confirm payroll posted correctly.
- Record owner contributions and draws to equity.
- Review sales tax payable vs filed.
- Lock the period.