The recommended checklist for processing your Cashbook entries and Reconciliation.
- Organise your financial emails & letters ready for processing daily/weekly or monthly
- 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 -
Enter cash transfers between accounts
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Enter EFT’s transactions - pay as required
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Create tax invoices as required
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Receive payment on any tax invoices you created once the income is received
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Process Employee Payroll and STP reporting (as per your business rhythm)
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If using Wagemaster, ensure the payroll payments are imported into Agrimaster
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If using another Payroll program, for correct data entry, use the Wages Format in the transactions or EFT areas
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- Enter all loan repayments, Chattel Mortgages or Hire purchases. Check you have represented all parts of the transaction
- Monthly, review outstanding DR's and CR's - time to clean up your cashbook file and chase up outstanding/unpaid invoices or cheques
- 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
- Reconcile all bank accounts and close off the current month
- Print off the Monthly Report
- Review the Cashbook to Budget Comparison Report
- How are you tracking?
- Does your budget need a review?
- Print the Cashbook to Budget Comparison Report
- Backup your Files to File Manager
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