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- Verifying all uncleared transactions are valid - this includes checks written but not yet cashed.
- Confirming all expenses are properly booked.
- Confirming all income has been properly recognized (for accrual clients) and categorized (for all clients).
- Confirming accounts payable and accounts receivable balances are valid and match any external systems (i.e. Bill.com, Harvest, etc).
- Reconciling and validating all Balance Sheet accounts.
- Ensuring all out of pocket expenses are properly captured.
- Reconciling wages and associated taxes to payroll provider reports.
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