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?
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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?
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All the payable tax details are update regular basic?