21 Point ChecklistBookkeeping Checklist

Want to know everything that is working (and not working) about your bookkeeping and business finances?

AIS Solutions’ 21 Point Discovery Checklist gives us a deep look so that you can make educated decisions about your next steps.

21 Point Discovery Checklist

  1. General Information
    • Business Name (Operating and Legal)
    • Entity Type
    • Business formed
    • Taxes last filed
    • Relationship with Accountant
    • Long term plans/goals
    • Current software and version
  2. Number of accounts and account types
    • Chequing
    • Savings
    • Other, etc.
  3. For each account – last reconciled
  4. Outstanding issues with reconciliations
    • Review Reconciliation reports
    • Outstanding transactions?
    • Balance issues?
  5. Review chart of accounts – document anything noticed
    • Negative accounts
    • Unusual practices
    • Unused accounts
  6. Review Profit and Loss
  7. Review Balance Sheet
  8. Review A/R Aging
  9. Review A/P Aging
  10. Payroll
    • Any outstanding issues
    • Outsourced?
  11. Liability accounts balances?
  12. Are we missing any credit cards, LOC’s or loans?
  13. Personal spending from business accounts?
  14. Spending personal money on business expenses that are not on books?
  15. Overall Review Synopsis
  16. QuickBooks Online (QBO) upload potential:
    • Total Targets
    • Class tracking
    • Inventory
    • Multiple currencies
    • Price levels
    • Customer types
    • Billable expenses
    • Sales Tax
    • Other Names List
  17. Current status with CRA
    • Employee Deductions
    • Sales Taxes
  18. Current status with WSIB
  19. Current Reporting Received by Management
  20. Current Pain Points not Solved
  21. Future goals desired for Business Financial management

This detailed and in-depth assessment of your books is performed as a complimentary service.

PLEASE NOTE: There is a nominal fee if you request a written copy of our Discovery report.

Return to Getting Started With Us or NEXT STEP is to complete our New Client Questionnaire