SkillPro-techhub

Running a business is not only about sales. Strong financial control is the key to sustainable growth.

Here is a simple checklist every director should review regularly:

Finance & Accounts Checklist for Director Review
1. Cash & Bank Position 💰
☐ Current Bank Balance
☐ Cash in Hand
☐ Bank Reconciliation completed
☐ Any pending or unmatched transactions
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2. Accounts Receivable (Debtors) 📥
☐ Total receivable amount
☐ Aging report (30 / 60 / 90 days)
☐ Overdue customer payments
☐ Advance received from clients
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3. Accounts Payable (Creditors) 📤
☐ Total payable amount
☐ Supplier outstanding balances
☐ Upcoming payments schedule
☐ Any overdue supplier payments
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4. Revenue / Sales Performance 📈
☐ Monthly sales summary
☐ Sales vs previous month
☐ Major revenue sources
☐ Tour / service package sales performance
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5. Expenses Review 🧾
☐ Major operating expenses
☐ Marketing expenses (Facebook / Google Ads etc.)
☐ Office and administrative costs
☐ Any unusual or high expenses
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6. Profit & Loss Summary
☐ Monthly Profit & Loss statement
☐ Gross profit margin
☐ Net profit or loss
☐ Comparison with previous month
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7. Fixed Assets & Depreciation 🏢
☐ Asset register updated
☐ New assets purchased
☐ Accumulated depreciation recorded
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8. Tax & Compliance ✔
☐ VAT / Tax status updated
☐ Required returns filed
☐ Proper invoice and documentation
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9. Budget vs Actual Performance
☐ Revenue vs budget
☐ Expense vs budget
☐ Variance explanation
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10. Key Financial Snapshot for Director 📑
Prepare a quick summary table:
Item Amount
Bank Balance
Total Receivable
Total Payable
Monthly Revenue
Total Expenses
Net Profit / Loss
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