MONTH END RECONCILIATIONS & REPORTING

• Perform a monthly reconciliation of accounts payable and receivable and make provisions for any doubtful debts etc.

• Accrue for any accounts not yet received.

• Reconcile any related entity and director loan accounts.

• Perform a GST audit to ensure all transactions are treated correctly. (Best done each month rather than at BAS time.)

• Perform a post processing checklist audit. Series of checks and balances to ensure accuracy of information.

• Question and Answer – send list of unknown transactions to customer and reallocate based upon customer’s response.

Generate the following management reports:

1. Operating Budget ie Forecast Profit & Loss
   (format to be determined with client)
2. Profit & Loss Actual – Month to Date & Year to Date.
3. Profit & Loss Budget vs Actual - Month to Date & Year to Date.
4. Balance Sheet – As at Current Month / Forecast Balance Sheet
5. Forecast Cashflow Statement
6. Key Performance Indicator Analysis report
   (format to be determined with client)
7. Financial Ratio Analysis Report eg Debt to Equity
8. Sales by Products Graphs – including Budget vs Actual
9. A/P & A/R Aging Summaries with timing analysis.
10. Brief Summary of the past months performance including comments on areas of interest/concern.
11. Department Head Management Reports
12. Monthly Financial Meeting