1. Reconcile all bank accounts, credit cards, and petty cash.

  2. Record all customer invoices and payments received.

  3. Track outstanding invoices and send reminders.

  4. Record all supplier/vendor invoices and schedule payments.

  5. Categorize and record all business expenses.

  6. Process payroll, deductions, and benefit accruals.

  7. Make adjusting journal entries (depreciation, accruals, prepayments).

  8. Prepare monthly financial statements (P&L, Balance Sheet, Cash Flow).

  9. Track tax liabilities (GST/HST, source deductions, CRA prep).

  10. Review records for errors, trends, and anomalies.

  11. Organize and backup all supporting documents.