Important Monthly Bookkeeping Tasks You May Have Missed
There are certainly other tasks that may need to be performed. These are the ones our support technicians and trainers commonly see missed.
- Keep your software updated
- Set permissions to update.
- Put someone in charge of updating on the last Friday of each month (for example)
- Check for new Custom Data Views (CDVs).
- Check user security. New features and CDVs may not have permission set.
Check the Company File Information
In the File Properties tab:
- Check First and Last Transaction Date
- Check GL Balanced
In the Database Stats tab:
- Click Run Database Maintenance (non-hosted only)
Check Your Aging Reports
- Click Reports | Company | Purchasing | A/P Aging.
- Check to make sure that you are not late paying bills.
- Click Reports | Sales | A/R Aging
- Be sure that you are collecting your money and stay on top of collections.
- Are there any invoices that you thought were paid but have balances?
Convert Mobile Invoices
- Open the Invoice list and filter for Mobile Invoices.
- Open, inspect, Save & Close
Handle Undeposited Funds
- We recommend that you Group with Other Undeposited Funds
- Be sure that all payments have been deposited.
- Click Banking | Make Deposit.
- Click the Payments button.
- Bank Reconciliation
- Credit Card Reconciliation
- Also look for credit card or ACH payments that did not go through.
- -Both done by a trusted outsider such as outside accountant or family member.
Check for Non-Converted Item Receipts
- Click Vendor > Item Receipts.
- Make sure that you do not any item receipts that you were not expecting.
Check for Invoices with No Serial Numbers
- Click Customers | Customer:Job List.
- Set the Quick Filter to show invoices with serial items sold but no serial number selected.
- Be sure you have selected serial numbers.
Update Retail Pricing
- The retail price of your items do not change automatically. As the price you pay for items changes, you should update your retail price accordingly. This task is fast and easy.
- Click Company | Update Retail Price
Perform Database Checkup
- Click Tools | Utilities | Database Checkup
- These are the two most important.
- Missing GJ Entries
- Out of Balance Transactions
- Next, run all others
Update Cutoff Date
- Click Edit | Preferences | Cutoff Date | Company Preferences
- Update the Cutoff Date (if needed).
- Update the “Warn If Transactions are” (if needed).
Check for Duplicates
There are many records that can get duplicated but here are the top ones to look for.
- Check for duplicate customers. Use the Merge Contacts feature to locate, merge, and remove duplicated customers and jobs.
- Check for duplicated accounts in the Chart of Accounts. Use the Merge COA feature to locate, merge, and remove duplicated accounts.
Appointments, Reminders, and Phone Messages
- Check these for items that may have been missed during the month.
- Look for unread phone messages.
- Look for reminders and appointments that have not been completed.
For the IT Professional (for non-hosted only)
- IMPORTANT: Be sure you are backing up your SQL Server Database(s)
- Be sure you can restore your backups.
- Be sure that you have setup daily database maintenance according to known best practices.