Activities and Responsibilities for SayProCFR-6 SayPro Accounting Services Office Financial Statement Preparation

SCFR-6 SayPro Quarterly Balance Sheet Preparation

SCFR-6 SayPro Monthly Gather Financial Data: Collect data on assets, liabilities, and equity from various sources
SCFR-6 SayPro Monthly Verify Account Balances: Confirm that account balances are accurate and UpToDate
SCFR-6 SayPro Monthly Prepare Asset Schedule: Create a detailed schedule of all assets, including current and noncurrent assets
SCFR-6 SayPro Monthly Prepare Liability Schedule: Develop a schedule of all liabilities, including current and long-term liabilities
SCFR-6 SayPro Monthly Calculate Equity: Determine the equity by reconciling assets and liabilities
SCFR-6 SayPro Monthly Review Balance Sheet Formats: Ensure the balance sheet follows the required format and accounting standards
SCFR-6 SayPro Monthly Update Balance Sheet: Regularly update the balance sheet to reflect the latest financial data
SCFR-6 SayPro Monthly Conduct Balance Sheet Reconciliation: Reconcile the balance sheet with subsidiary ledgers and external documents
SCFR-6 SayPro Monthly Prepare Balance Sheet Drafts: Develop initial drafts of the balance sheet for review and approval
SCFR-6 SayPro Monthly Finalize Balance Sheet: Complete and finalize the balance sheet for inclusion in financial reports

SCFR-6 SayPro Quarterly Income Statement Preparation

SCFR-6 SayPro Monthly Collect Revenue Data: Gather data on all revenue streams and sales for the reporting period
SCFR-6 SayPro Monthly Compile Expense Data: Collect information on all expenses, including cost of goods sold and operating expenses
SCFR-6 SayPro Monthly Calculate Gross Profit: Determine gross profit by subtracting cost of goods sold from total revenue
SCFR-6 SayPro Monthly Calculate Operating Income: Deduct operating expenses from gross profit to find operating income
SCFR-6 SayPro Monthly Include Nonoperating Items: Add nonoperating income and expenses to calculate net income
SCFR-6 SayPro Monthly Review Income Statement Formats: Ensure the income statement adheres to the required format and accounting standards
SCFR-6 SayPro Monthly Prepare Income Statement Drafts: Develop initial drafts of the income statement for review and approval
SCFR-6 SayPro Monthly Update Income Statement: Regularly update the income statement to reflect the latest financial information
SCFR-6 SayPro Monthly Review and Reconcile: Reconcile the income statement with supporting financial records and documents
SCFR-6 SayPro Monthly Finalize Income Statement: Complete and finalize the income statement for inclusion in financial reports

SCFR-6 SayPro Quarterly Cash Flow Statement Preparation

SCFR-6 SayPro Monthly Gather Cash Flow Data: Collect data on cash inflows and outflows from operating, investing, and financing activities
SCFR-6 SayPro Monthly Prepare Operating Activities Section: Develop the cash flow statement’s operating activities section, including cash receipts and payments
SCFR-6 SayPro Monthly Prepare Investing Activities Section: Compile data for the investing activities section, including purchases and sales of assets
SCFR-6 SayPro Monthly Prepare Financing Activities Section: Gather information for the financing activities section, including loans and equity transactions
SCFR-6 SayPro Monthly Calculate Net Cash Flow: Determine the net cash flow by summarizing cash flows from all activities
SCFR-6 SayPro Monthly Review Cash Flow Formats: Ensure the cash flow statement follows the required format and accounting standards
SCFR-6 SayPro Monthly Prepare Cash Flow Statement Drafts: Develop initial drafts of the cash flow statement for review and approval
SCFR-6 SayPro Monthly Update Cash Flow Statement: Regularly update the cash flow statement to reflect the latest cash flow data
SCFR-6 SayPro Monthly Reconcile Cash Flow Statement: Reconcile the cash flow statement with bank statements and financial records
SCFR-6 SayPro Monthly Finalize Cash Flow Statement: Complete and finalize the cash flow statement for inclusion in financial reports

SCFR-6 SayPro Quarterly Statement of Changes in Equity Preparation

SCFR-6 SayPro Monthly Collect Equity Data: Gather data on changes in equity, including contributions, distributions, and retained earnings
SCFR-6 SayPro Monthly Prepare Equity Transactions Schedule: Develop a schedule of all equity transactions for the reporting period
SCFR-6 SayPro Monthly Calculate Changes in Retained Earnings: Determine changes in retained earnings based on net income and dividends
SCFR-6 SayPro Monthly Prepare Statement of Changes in Equity Draft: Create an initial draft of the statement of changes in equity for review and approval
SCFR-6 SayPro Monthly Review Equity Statement Formats: Ensure the statement adheres to the required format and accounting standards
SCFR-6 SayPro Monthly Update Equity Statement: Regularly update the statement of changes in equity to reflect the latest financial data
SCFR-6 SayPro Monthly Reconcile Equity Statement: Reconcile the statement with supporting financial records and documents
SCFR-6 SayPro Monthly Include Other Equity Items: Incorporate other items affecting equity, such as share buybacks and stock issuances
SCFR-6 SayPro Monthly Prepare Final Statement: Finalize the statement of changes in equity for inclusion in financial reports
SCFR-6 SayPro Monthly Review and Verify: Conduct a final review and verification of the statement to ensure accuracy and completeness