Answer the following 10 questions and find out whether your accounting is in order — and whether you have all the necessary information for timely and accurate business decisions.
Checklist of 10 questions
- Inventory of fixed assets — Is an inventory of fixed assets carried out at least once a year?
- Confirmations with partners — Are confirmations of receivables and payables carried out, and how often?
- Timeliness of balances — Do you check the timeliness of balances on the giro account and cash register?
- Monthly forms — Are monthly forms for salaries, VAT and municipal surtax submitted and paid on time?
- CBCG forms — Are forms for the Central Bank submitted on a quarterly basis?
- Input invoices — Does each of your input invoices meet all the conditions for deductible input VAT?
- Cash expenses — Are all costs you pay in cash documented and recognised?
- Travel orders — Are your travel orders complete?
- Pay slips — Do you receive pay slips with the salary calculation?
- Annual M4/M12 forms — Are annual M4 and M12 forms submitted?
How to use this list
If you answer “I don’t know” or “no” to any of these questions — your accounting may have weak points that can lead to:
- Disputed deductible expenses in a tax audit
- Fines for late submission of forms
- Wrong business decisions based on outdated data
- Problems with loan applications or tenders
What next?
Go through each link and compare the practice of your accounting. If you find shortcomings — contact Finance Plus. We will do a detailed diagnosis and recommend concrete steps to raise the quality of your financial reporting.
