{"id":8756,"date":"2015-06-15T06:12:28","date_gmt":"2015-06-15T04:12:28","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=8756"},"modified":"2015-06-13T06:13:40","modified_gmt":"2015-06-13T04:13:40","slug":"procedures-youd-carry-out-each-month","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/procedures-youd-carry-out-each-month\/","title":{"rendered":"Procedures you’d carry out each month"},"content":{"rendered":"
Procedures that are required to be carried out more often than as indications arise or at least once in a year are those that you essentially perform at least once a month. We\u2019re going to disregard those procedures you carry out each day since they\u2019re more process based routines.<\/div>\n

<\/p>\n

<\/div>\n
The things you\u2019d do each monthly, mostly at the beginning of the next month when closing the previous one are as follows:<\/div>\n
    \n
  • Calculate salaries (if they\u2019re to be paid out at the beginning of the new month);<\/li>\n
  • Calculate and declare respective tax liabilities from salaries, but also from sales in case you\u2019re liable for sales tax or VAT;<\/li>\n
  • Calculate and declare any other tax liabilities or reclaims;<\/li>\n
  • Ensure you\u2019ve accounted for each and every supplier invoice within the appropriate period that you know of as you already have them or that you know of are yet to come;<\/li>\n
  • Consider confirming some customer balances based on their volumes and risk (i.e. significant amount of invoices within the period, some late payments etc.);<\/li>\n
  • Consider performing stock count for certain goods that either move in and out the most or that are more prone for theft;<\/li>\n
  • If that\u2019s something you don\u2019t do each day, reconcile your bank statements to the balances within your balance sheet;<\/li>\n
  • Address any other riskier areas you\u2019ve identified for your business, for your company, i.e. confirming new sales have signed agreements, there are no overdue receivables, there are no open purchase orders or against every purchase order there\u2019s an invoice, review limits given to customers etc.<\/li>\n<\/ul>\n
    And what\u2019s most important, besides actually performing those routines, is remembering and preparing time and resources ahead to be able to perform them as you intended so that they would serve their purpose.<\/div>\n","protected":false},"excerpt":{"rendered":"

    Procedures that are required to be carried out more often than as indications arise or at least once in a year are those that you essentially perform at least once a month. We\u2019re going to disregard those procedures you carry out each day since they\u2019re more process based routines.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-8756","post","type-post","status-publish","format-standard","hentry","category-3-4-regular-control-procedures"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/8756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=8756"}],"version-history":[{"count":1,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/8756\/revisions"}],"predecessor-version":[{"id":8757,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/8756\/revisions\/8757"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=8756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=8756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=8756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}