Free · 2 minutes

How ready are your books for month-end?

Ten questions, two minutes

  1. Every bank and card statement for last month is downloaded by the 5th.
  2. Every payment has its bill or invoice saved where your accountant can find it.
  3. You know which company each card transaction belongs to.
  4. Purchase bills are matched to GSTR-2B before GSTR-3B is filed.
  5. TDS is checked on every vendor bill before payment.
  6. Transfers between your own accounts are never booked as income or expense.
  7. Reimbursement claims come with receipts.
  8. Your accountant doesn't have to ask you for documents more than once a month.
  9. You could show an auditor who changed an entry and when.
  10. Books for last month are closed within 10 days.

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