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- Aged debtors position once a week
- Aged supplier balances. Compare your supplier to debtor balances to see if money coming in from customers will be sufficient go cover payments to suppliers
- Profit and loss report. In particular look at trends in revenue and expenses.
- Cash at bank
Decide if you want to bracket all credits on financial reports or to bracket exceptions
- Some accountants like to see brackets around exceptions. For example if your car loan is normally a credit, showing you owe money on your loan. Show loan's value in a bracket if the net value of the loan becomes a debit. This would mean the bank would owe you money in respect to the car loan. This is an exception so it would be shown in brackets
- Some accountants just like to see all credits in brackets.
- See: http://www.accountingcoach.com/blog/use-of-parentheses
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