06/18/2026
Monthly Accounting Tasks to Keep Your Small Business on Track
✅ Send Out Customer Statements & Follow Up on Unpaid Invoices
Stay proactive about your receivables. If customers miss payment deadlines, reach out to confirm they’ve received your invoices and understand your payment terms. Consistent communication helps improve cash flow and reduce overdue balances.
✅ Reconcile Bank & Credit Card Statements
Keep your books accurate by reconciling your bank and credit card accounts every month. This ensures all transactions are recorded correctly and your cash balances match reality—no surprises when it’s time to make financial decisions.
✅ Review Profit & Loss Statements and Balance Sheet
Your financial statements are the health report of your business. Use them to track progress, identify trends, and spot areas for improvement. If reading financial reports feels daunting, ask your accountant for guidance or take a class to strengthen your financial literacy.
✅ Review Tax Payments for Payroll, Income, and Sales Tax
Stay compliant and stress-free by reviewing and paying taxes on time. Schedule payroll, income, and sales tax payments regularly. Keeping up with these obligations helps you avoid penalties