Concentration, Profit and Loss and Reconciliations

Year-End Bookkeeping Checklist

CFO Share

SEPTEMBER 7, 2023

Monthly account reconciliations are commonly only performed on major GLs, like cash and credit cards. If you miss the 12/31 bonus deadline, you can pay a 401k profit share bonus after year-end and apply it to the prior year. Year-end is all about uninterrupted concentration, so working on a Saturday is a great idea.

Profit and Loss

Profit and Loss Concentration Reconciliations Auditing

What is Quality of Earnings?

CFO Share

MARCH 14, 2022

QOE reports go beyond the balance sheet and profit and loss statement – they challenge the underlying data through rigorous testing and management interviews to assess accuracy, and risk. Sales concentrations and/or backlog risk. Reviews of account reconciliations, account aging, and composition.

Auditing

Auditing GAAP Accounting Principles Profit and Loss

Corporate Finance Brief

Year-End Bookkeeping Checklist

What is Quality of Earnings?

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