This checklist is designed to ensure that all financial transactions are accurately reconciled on a daily basis, which helps in maintaining the financial integrity of the operations.
Check and confirm the sales reports generated for the day, ensuring all transactions are recorded correctly.
Cross-check all cash and credit transactions against the sales report for any discrepancies.
Ensure that all cash deposits made to the bank match the daily sales figures.
Review any outstanding invoices and ensure follow-up actions are taken on unpaid accounts.
Input the daily reconciled figures into the financial management software for accurate record keeping.
Prepare and distribute a summary report highlighting key financial metrics for the day.
Identify and investigate any anomalies or irregularities that arise during the reconciliation process.
Maintain a record of the reconciliation process for audit purposes and future reference.