Recommended End of Month Tasks (QuickBooks Online)

Modified on Thu, 22 May at 8:34 AM

This article will give you a basic checklist of Month-end accounting tasks that we recommend the dealership complete

Please note:

These are recommendations only

It is up to the dealership to determine what end of month / end of financial year tasks they need to complete

We would also suggest that you contact your accountant for their advice and guidance on what other reports etc that should be done

Tasks and Resources (if applicable)

Task: Finalise all Cash Reconciliation for the month (Blackpurl)

Link to Resource: What is a Cash Reconciliation / How to process a Cash Reconciliation

Task: End of Day Balancing of Cash Drawers (Blackpurl)

Link to Resource: How to Process the End of Day Balancing of Cash Drawers

Task: Complete Bank Reconciliation (QuickBooks)

Link to Resource: https://quickbooks.intuit.com/tutorials/lessons/reconcile-accounts/

Task: Complete any other Control Account reconciliations

Link to Resource - Account Reconciliations - Xero and QuickBooks Online

Task: Review Accounts Receivable Aging report to relevant General Ledger account (QuickBooks)

Link to Resource: How to run Accounts Receivable Aging Report

Does your Accounts Receivable Aging Report match the relevant General Ledger account?

Task: Review Accounts Payable Aging to General Ledger account (QuickBooks)

Link to Resource: How to run Accounts Payable Aging Report

Does your Accounts Payable Aging Report match the relevant General Ledger account?

Task: Close Month End in QuickBooks (QuickBooks)

Link to Resource: How to close Month end in QuickBooks Online