Quarterly Accounting | Financial Cents Templates

About this template

We review engagements and issue financial statements on a quarterly basis, so this project is used in addition to our monthly bookkeeping/accounting project.

Work type: Accounting

Location: United States

Client industry: Generic

Version: 1 Latest

This template includes

13 tasks
3 client tasks
Automations

	Team Tasks
	Categorize uncategorized and suspense expenses	Staff Accountant
	Reconcile Lease Assets (ROU)	Senior Accountant
	Reconcile Fixed Assets	Senior Accountant
	Review GL accounts (ie office supplies, repairs & maintenance) for potential capital expenditures over client capitalization threshold
	Post monthly depreciation entry
	Reconcile fixed asset and accumulated depreciation balances to the QBO balance sheet
	Reconcile payroll liabilities	Senior Accountant
	Review pay period dates to see if any wages should be accrued.
	Check for withholding that has not been paid to the payroll company or taxing agency.
	Check for related taxes and benefits that need to be accrued.
	Reconcile PTO liability accrual	Senior Accountant
	Reconcile lease liabilities	Senior Accountant
	Reconcile restricted net assets	Senior Accountant
	Run a report in QuickBooks showing what was spent down for each restricted balance.
	Update the restricted net asset rollforward in the EOM using the QuickBooks report.
	Make journal entry to updated restricted balances in QuickBooks
	Send client schedules for approval	Senior Accountant
	Request approval of accounts and grants receivable
	Request approval of restricted net assets
	Schedule and host quarterly pre-close meeting	Senior Accountant
	Create and compile financial reports	Senior Accountant
	Review accounting file & reports	Reviewer
	Upload final, reviewed financial reports to the "11 - Financial Statements" folder in the client portal	Senior Accountant
	Verify that the client can view the 11 - Financial Statements folder (click the "person" to the right of the folder to see who has access)
	Lock the QBO file	Senior Accountant

Team Tasks

Categorize uncategorized and suspense expenses

Staff Accountant

Reconcile Lease Assets (ROU)

Senior Accountant

Reconcile Fixed Assets

Senior Accountant

Review GL accounts (ie office supplies, repairs & maintenance) for potential capital expenditures over client capitalization threshold

Post monthly depreciation entry

Reconcile fixed asset and accumulated depreciation balances to the QBO balance sheet

Reconcile payroll liabilities

Senior Accountant

Review pay period dates to see if any wages should be accrued.

Check for withholding that has not been paid to the payroll company or taxing agency.

Check for related taxes and benefits that need to be accrued.

Reconcile PTO liability accrual

Senior Accountant

Reconcile lease liabilities

Senior Accountant

Reconcile restricted net assets

Senior Accountant

Run a report in QuickBooks showing what was spent down for each restricted balance.

Update the restricted net asset rollforward in the EOM using the QuickBooks report.

Make journal entry to updated restricted balances in QuickBooks

Send client schedules for approval

Senior Accountant

Request approval of accounts and grants receivable

Request approval of restricted net assets

Schedule and host quarterly pre-close meeting

Senior Accountant

Create and compile financial reports

Senior Accountant

Review accounting file & reports

Reviewer

Upload final, reviewed financial reports to the "11 - Financial Statements" folder in the client portal

Senior Accountant

Verify that the client can view the 11 - Financial Statements folder (click the "person" to the right of the folder to see who has access)

Lock the QBO file

Senior Accountant

	Client Tasks Client Tasks	Automations
	Upload PTO balances

Client Tasks Client Tasks

Automations

Upload PTO balances

Client Review Tasks Client Tasks

Automations

Please review this accounts and grants receivable aging report

Please review this schedule of restricted net assets