DAY 6-10 of 30 Day Reset for New Bookkeepers: Daily Bookkeeping Tasks
We’re ready to transition from conceptual basics into developing solid daily bookkeeping task habits. I want days 6 through 10 cementing strong workflows to rely on throughout your career.
Consistency Breeds Confidence
Start by instituting consistent daily work blocks protecting your bookkeeping time. Brief periods daily build familiarity faster than sporadic longer sessions. Establish a routine circling core tasks and soon they’ll flow naturally.
Optimizing the Daily Task Checklist
Capture and Record Transactions
Input bank feeds. Input receipts. Code expenses accurately. Log invoices promptly. Upload payroll reports. File supportive documentation. Don’t let items pile up!
Reconcile Accounts
Compare balances. Research discrepancies. Reconcile accounts while details remain fresh. Follow up on outstanding checks or deposits. Document conclusions.
Review Financial Reports Reference real-time reports frequently.
Does activity align to budgets? Are ratios as expected?
Make reconciled data work for you!
Audit Work
Scan for irregular transactions. Review exceptions. Confirm accuracy of coding. Double check calculations. Fix errors immediately.
Ongoing Tasks
Revisit recurring work like sales tax calculations, 1099-processing, and inventory management.
Building confident competence administering this consistent cycle daily drives propriety. You cement familiarity with account intricacies through regular attention, freeing mental bandwidth for optimizing higher level analytical work.
Common Bookkeeper Pitfalls
Now let’s highlight some universal bookkeeper pitfalls amplifying anxiety so you can course-correct early:
- Transaction Backlogs
- Inaccurate Coding
- Statement Discrepancies
- Unreconciled Accounts
- Report Errors
Triage Issues ASAP Double-entry mistakes? Reverse and redo correctly. Unclear transaction descriptions? Request clarifying details. Report totals off? Trace back to source transactions systematically.
Yes, mistakes happen. But timely investigation when the trail remains warm streamlines fixes before system contamination. Meanwhile, documenting conclusions solidifies comprehension for recurring scenarios.
Owning the books daily breeds stability. You gain visibility over nuanced financial levers influencing the bottomline. From 15 minute payroll batches to identifying invoice coding tendencies for top customers, repetition builds know-how fast.
Soon you’ll breathe your role supporting operations through the numbers without sweating the small daily tasks too!
Looking Ahead…
Our next level learning explores projecting cash flows, scenario planning to inform business decisions, and crafting insightful financial presentations.
For now, be proud of honing daily task habits certain to compound over time. Strong bookkeepers run tight ships! Never forget that errors often originate from distraction, not difficulty. I can’t wait to see your diligent daily progress.
Onward!