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Blog » Ultimate Checklist of Bookkeeping Tasks for Small Businesses – Infographic

Ultimate Checklist of Bookkeeping Tasks for Small Businesses – Infographic

Last updated: 23 Nov, 2023 By | 6 Minutes Read

Bookkeeping Checklist

Managing your small business finances is no easy task. Navigating the complexities is crucial to understanding all the ins and outs to ensure a stress-free operation and maximize earnings. Creating a realistic plan with a budget, preparing a checklist of bookkeeping tasks, accurately recording all transactions, and regular outcome reviews are key components for success.
While online bookkeeping services are an option, understanding how everything works is essential. This demonstrates your role as a smart and financially savvy business owner.

The impact of poorly managed accounting and bookkeeping is evident in the fate of many small businesses. According to the National Federation of Independent Businesses (NFIB) report, approximately 30% of small businesses do not survive their first two years, and another 50% do not make it to their fifth year.

Always keep a basic bookkeeping checklist on hand to avoid becoming another statistic. This ensures that your small business operates efficiently in the long run. To assist small businesses, we’ve outlined a comprehensive bookkeeping checklist in the accompanying infographic. This resource is a handy guide to streamline day-to-day bookkeeping operations and make tax season seamless.

By incorporating these practices into your small business financial management, you increase your chances of survival and pave the way for sustainable growth. Stay informed, stay organized, and set your small business on the path to financial success.

The Bookkeeping Checklist for Small Businesses

Bookkeeping Tasks