Checklist: keeping your books in order monthly and quarterly
A simple recurring checklist to keep your business administration in order month after month.
A fixed routine prevents stress at filing time. Use this checklist.
Weekly (15 minutes)
- Photograph or upload receipts
- Match new bank transactions with invoices
- Record sent invoices
Monthly
- Check open invoices and send reminders
- Reconcile the bank account with your books
- Update your hours
- Set money aside for VAT and tax
Quarterly
- Prepare and file the VAT return
- Review revenue and costs
- Check that you stay under the KOR turnover limit (if applicable)
Yearly
- Produce a yearly profit and loss overview
- Record depreciation and investments
- Prepare your income tax return or annual accounts
- Keep a backup of the full administration (7 years)