Best Bookkeeping Services in Fort Worth, TX

5 Essential Tasks that a Bookkeeper should complete on Friday before closing the store: 1. Finalize Daily Transactions: Ensure that all daily transactions, including sales, expenses, and payments, are accurately recorded in the accounting system. 2. Reconcile Cash Drawer: Count the cash drawer and reconcile it with the daily sales receipts. Verify that the cash on hand matches the recorded sales transactions. Investigate any discrepancies and resolve them promptly. 3. Prepare Bank Deposits: Consolidate all cash and checks received throughout the day and prepare them for bank deposit. Record deposit details accurately in the accounting system to reflect the increase in bank account balances. 4. Close Out Point of Sale Systems: If applicable, close out the point of sale (POS) systems at the end of the day. Ensure that all sales transactions are properly closed and batched. Run end-of-day reports to reconcile sales totals and ensure accuracy. 5. Review Outstanding Invoices and Accounts Receivable: Take stock of any outstanding invoices or accounts receivable. Follow up with customers who have overdue payments to remind them of their obligations. By completing these tasks before closing the store on Friday, a bookkeeper can ensure that financial records are accurate and up-to-date, which is essential for effective financial management and decision-making. #Entikis Bookkeeping #Bookkeeping Experts #Fort Worth #Texas #Dallas #Burleson...