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  • Writer's pictureMaddie Craig


Updated: Dec 15, 2023


Tips - 6 Key Monthly Bookkeeping Checklist Items - Photo is a woman sitting at a desk with financial documents laid out in front of her.

It's the start of a new month, which means... it's time for a bookkeeping checklist!

This is a crucial task for small business owners, as it helps to ensure that your books are in order and that you're on track with your finances.

Here's a quick monthly checklist to help you stay on top of your bookkeeping:

  1. Review your previous month's sales and expenses. This will give you a good starting point for the new month and help you to identify any areas where you may need to make adjustments.

  2. Review your budget and compare it to your actual spending. This will allow you to identify any areas where you may be overspending and can help you make adjustments to your budget so that you may better meet your financial goals.

  3. Reconciling your bank statements helps you catch errors and discrepancies that may need to be corrected. It also helps to save you money by avoiding late fees and penalties.

  4. Balancing your checkbook will help to ensure that you avoid bounced checks and the fees associated with them.

  5. Update your contact information for bills, subscriptions, etc. It’s important that you are able to receive important communications from your service providers.

  6. File away any important receipts or documents. You'll want to keep these for your reference and for audit-purposes.

  7. Check in on your retirement and investment accounts. Keeping an eye on these allows us to make sure that our investments are performing well and growing as they should be.

Staying on top of these crucial bookkeeping tasks each month will save you time, money, and headaches in the long run.

By routinely following this checklist, you'll gain financial clarity and confidence, enabling you to make smarter business decisions. Though it may seem tedious, establishing these good financial habits now will pay off for your business down the road!

6 Key monthly bookkeeping checklist items - Photo is a graphic of the checklist items and a girl looking at a checklist on a clipboard

Meet The Author

Image is a photo of the author - Maddie Craig

Maddie Craig is the founder of Blue Cypher Bookkeeping, a detail-oriented bookkeeper, and definitely a “numbers nerd”! She is passionate about helping organizations understand the full story of their financials and using it to make more confident decisions and grow strategically. She has experience working with a wide array of clients, including small businesses and non-profit organizations. When not crunching numbers, she and her husband enjoy traveling, being active in the community, and sharing their love for good food with friends and family.

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