Daily Financial Reconciliation Checklist ( OPERATIONS )

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.

• Review Daily Sales Reports

  Check and confirm the sales reports generated for the day, ensuring all transactions are recorded correctly.

• Verify Cash and Credit Transactions

  Cross-check all cash and credit transactions against the sales report for any discrepancies.

• Reconcile Bank Deposits

  Ensure that all cash deposits made to the bank match the daily sales figures.

• Check Outstanding Invoices

  Review any outstanding invoices and ensure follow-up actions are taken on unpaid accounts.

• Update Financial Systems

  Input the daily reconciled figures into the financial management software for accurate record keeping.

• Generate Daily Financial Summary

  Prepare and distribute a summary report highlighting key financial metrics for the day.

• Review Financial Anomalies

  Identify and investigate any anomalies or irregularities that arise during the reconciliation process.

• Document Reconciliation Process

  Maintain a record of the reconciliation process for audit purposes and future reference.