Things to Check Every Day:
Check your cash on hand
Know what is in your bank accounts and check for fraud
Be aware of expenses and income for today
Things to Check Every Week:
Record customer billings and payments
Pay vendors
Record payroll and or contract labor hours
Check To Do List for purchases needed for studio work
Send any invoices to keep cash flowing
Things to Check Every Month:
Balance your checkbook(s)
Review any past due payments
Check inventory for sales if needed
Add new artworks and prices to your art inventory system (ie. GYSTPro)
Check in with your gallery or retail outlets re: inventory, sales, etc
Review cash flow
File or scan all receipts and paperwork
Review month end balance sheet
Things to Check Quarterly:
Review annual profit and loss estimates (review against last year)
Make quarterly payroll payments if needed
Make quarterly sales tax payments if needed
Make any income tax payments if needed
Review inventory and update inventory system
Things to Check Annually:
Review any aged receivables and invoice if needed
Year end status review
Pay IRS and state taxes
Pay sales taxes for the year (if you have not paid quarterly)
Create full year Financial Reports and review
Review your tax returns before sending to your accountant
Review your prices and change if needed
Create a budget for the coming yea
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