Monthly Financial Performance Review Checklist ( FINANCE )

This checklist is designed to ensure a thorough review of the financial performance of the organization on a monthly basis. It aims to identify trends, variances, and areas for improvement in financial management.

• Collect Financial Statements

  Gather the latest income statement, balance sheet, and cash flow statement for the review period.

• Review Revenue Trends

  Analyze revenue figures against the previous month and budget projections to identify any significant variances and trends.

• Analyze Expense Variances

  Examine each expense category for variances from the budget to assess spending patterns and identify areas for cost control.

• Evaluate Profit Margins

  Calculate gross and net profit margins to assess the overall profitability of the organization.

• Assess Cash Position

  Review the cash flow statement to ensure sufficient cash reserves and identify any cash flow concerns.

• Prepare Performance Summary

  Compile a summary report outlining key findings, trends, and recommendations for the management team.

• Schedule Review Meeting

  Arrange a meeting with relevant stakeholders to discuss the financial performance review and gather input.

• Document Action Items

  Record any action items or follow-up tasks that arise from the review meeting and assign responsibilities.