An accounting process checklist is a document, may help to ensure the series of activities for the accounting transactions and entire financial flows are making accurately cycle.
Accounting Process Checklist
What to include in Accounting process checklist?
Vouchers & petty cash control register, check whether all the vouchers against petty cash register is maintain?
- Whether all the material good receipt notes, vouchers, purchase order’s payment records are maintain?
- Is there all the payment information is update? Who is responsible for collection of payment / payment payable & records?
- Whether all the payment vouchers are maintain date wise?
- Is there all financial requirements are plan? Who is responsible for planning?
- Whether for business plan – budget, financial documents, records and evidence are maintain? Who is responsible for preparation and maintaining accounting effects?
- Whether all the documents are use in account is control? All the documents, formats, form are use in account / finance should be control.
- Who is authority for the approvals for vouchers, JV, Balance sheet, P&F Account, Payment Vouchers & concern entry for finalization?
- Whether data are enter in control sheet?
- Is there accounting / financial plan as per projects, schedules, payments, billing payments etc…?
- Are the monthly trend analysis of the departmental objective is maintain? Is there CAPA prepare for it?
- Is there all the documents are verify by qualified charter accountant?
- Are there previous internal audit finds and non conformity close properly?
- How many external audit findings have been raise and have they been close with evidence?
- Are current revisions of documents available in the department?
- Check the awareness of the second level employees about the departmental system, objectives and ISO Awareness verbally?
- Whether the continual improvement plan is available for the department?
- All the taxes & duties records are maintain for all incoming bills & outgoing sales invoices?
- Whether all statutory & regulatory requirements, updates, records, information are updates timely? What is the method of collection? Is there frequently government website schedules? Government local office notices, letters are evidence?
All the payable tax details are update regular basic?