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The checklist is basically a note in the form of a list, containing all the items that must be checked, regarding the financial control of a company and personal finances. It is a simple task, but it is fundamental for any launch in the cash flow, since through it the control regarding the financial becomes much simpler. However, most business owners and ordinary people leave the production of this checklist in the background. See, in this article, how to create a checklist for your company’s financial planning.

Financial control, regardless of its size, can be considered as a basic necessity, because without this control it is practically impossible for the business to have a good run.
Conducting a checklist will have numerous advantages, such as:

  • greater security to carry out launches, since with this control will be able to avoid failures;
  • greater efficiency to obtain results, because with the checklist it is possible to obtain more details of the financial movements, avoiding deficits;
  • greater accuracy of financial control, since the reports will be more faithful, containing real values ​​of the financial area;
  • focus on results, accuracy, efficiency and safety, can deliver more security at the moment of decision making;
  • the checklist allows you to have a more organized mind, and a quiet and relaxed mind is the best tool for business and personal development.

Having the checklist as part of your day-to-day financial control makes it easy to achieve peace of mind and security when doing all the tasks. Not to mention that performing the checklist does not require much of your time.

See a definitive checklist to perform financial control of your company.

 

1. Daily cash control

1. Daily cash control

Cash control is intended to record all cash flow receipts and exits. With this control it is possible to know exactly the existing values, avoiding errors and deviations of money.
With day-to-day control it is possible to check for errors on the same day and, in this way, you can avoid many problems with the financial and ensure the fidelity of information.
You can say that this is the most important task of the checklist, since bank deposits, as well as payments in kind, and control of all expenses will depend on this information.

 

2. Control of bank accounts

2. Control of bank accounts

Controlling bank accounts is another essential point to add to a checklist. It is important that the movements are checked daily, controlling the existing balances, in addition to the deposits and credits that were made. Do not forget to check also the payments that were made by electronic means and cards in this mode of payment, it is necessary to analyze the rates and interest that are charged.
It is important to have control of all your bank accounts to make sure that all records and postings made by the bank are consistent with reality so that any cash flow problems are recorded in the future.

 

3. Control of accounts receivable

3. Control of accounts receivable

This item is key to knowing what your cash flow will be in the coming months.
This way you can get an estimate of the amounts that will be paid and the amount of that amount in a given period, as well as being able to analyze the accounts that have already expired.
Another feature of account control is to enable information about the customer profile, that is, it is possible to identify the customer who pays on time, as well as collaborate with the first task of the checklist, the cash flow.

 

4. Control of accounts payable

4. Control of accounts payable

Because the A / R control is important, the A / P control has the same value. It is very important to have an organization regarding the due dates of the accounts. Thus, it is possible to realize a valve of escape by a financial crisis, selecting the priorities to be paid ..
With this control it is almost impossible to get lost in the maturity of the accounts. And in performing this control, it is important to update the cash flow information, planning where the money will be invested.
By keeping this list up to date on a daily basis, it will be possible to have dominion over your entire financial organization. That way, you’ll have more peace of mind to make future decisions.
But, as I said at the beginning of the article, this action is often left out as daily tasks end up overloading it. One option is to acquire enterprise management software.

 

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