Monthly Bookkeeping Task List - Established Companies

*Transaction Recording: Categorising all income and expenses from bank statements into accounting software (Xero, Sage).

*Bank Reconciliations: Matching your bank, credit card, and petty cash balances to your accounting records to ensure 100% accuracy.

*Accounts Payable: Processing supplier invoices, tracking due dates, and preparing payment files to keep your vendors happy.

*Accounts Receivable: Generating professional invoices for your customers and sending "friendly reminders" for overdue payments.

*Digital Filing: Organizing and attaching digital copies of receipts and invoices to every transaction for SARS audit-readiness.

*General Ledger Maintenance: Monitoring and adjusting journal entries to ensure all financial data are in the correct ledger.

*Financial Reporting: Providing a monthly Profit & Loss Statement and Balance Sheet so you know exactly how much money you’re making.

*VAT Preparation (if applicable): Calculating your VAT input and output to prepare your VAT201 return for SARS submission.

*Data Health Check: Reviewing the books for duplicates, errors, or missing entries to maintain a clean "audit trail."