Cashbook Processing Checklist

The recommended checklist for processing your Cashbook entries and Reconciliation. 

1. Organise your financial emails & letters ready for processing daily/weekly or monthly 
2. Enter cashbook transactions for all bank account (including credit card & loan accounts): 
   

   Cheques written	Sundry deposits
   BPay payments	Drawings
   Direct debits	Bank Fees
   Credit card transaction	RCTI's
   Debit interest	Credit interest

3. Enter cash transfers between accounts

4. Enter EFT’s transactions - pay as required

5. Create tax invoices as required

6. Receive payment on any tax invoices you created once the income is received

7. Process Employee Payroll and STP reporting (as per your business rhythm)

   • If using Wagemaster, ensure the payroll payments are imported into Agrimaster

   • If using another Payroll program, for correct data entry, use the Wages Format in the transactions or EFT areas

8. Enter all loan repayments, Chattel Mortgages or Hire purchases. Check you have represented all parts of the transaction
9. Monthly, review outstanding DR's and CR's - time to clean up your cashbook file and chase up outstanding/unpaid invoices or cheques 
10. Process Employee Super payments (monthly/quarterly-as per your business rhythm)
    • If using Wagemaster, ensure you import the super payments into Agrimaster 
    • Update your Employee's super payment details due in the Super Clearing House
11. Reconcile all bank accounts and close off the current month 
12. Print off the Monthly Report 
13. Review the Cashbook to Budget Comparison Report
    • How are you tracking?
    • Does your budget need a review?
    • Print the Cashbook to Budget Comparison Report 
14. Backup your Files to File Manager