Financial Tasks Prioritization Template

Financial Tasks Prioritization in Priority Matrix

Prioritize financial tasks based on urgency and importance for optimal workflow in your accounting firm.

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Proposed Tasks

Critical and Urgent

• Invoice processing - due in 1 day
  ☐ Receive invoices ☐ Verify invoice details ☐ Process for payment
• Finalize monthly financial reporting - due in 2 days
  ☐ Compile all financial data ☐ Analyze financial performance ☐ Prepare report
• Expense reports review - due in 2 days
  ☐ Receive expense reports ☐ Verify expenses ☐ Process for reimbursement
• Client billing - due in 2 days
  ☐ Prepare client invoices ☐ Send invoices ☐ Track payments
• Payroll processing - due in 3 days
  ☐ Calculate employee hours ☐ Deduct necessary taxes ☐ Process payments
• Accounts payable reconciliation - due in 3 days
  ☐ Verify account balances ☐ Reconcile any discrepancies ☐ Update accounting records

Critical but not Urgent

• Audit preparation - due in 2 weeks
  ☐ Review current financial statements ☐ Ensure all documentation is in order ☐ Prepare necessary audit materials
• Cash flow management - due in 2 weeks
  ☐ Analyze cash inflows and outflows ☐ Forecast future cash flow ☐ Implement strategies to optimize cash flow
• Tax filing preparation - due in 1 month
  ☐ Collect necessary financial data ☐ Calculate tax liabilities ☐ Prepare tax documents
• Financial forecasting - due in 1 month
  ☐ Analyze current market trends ☐ Project future financial performance ☐ Prepare forecast report
• Budget planning for next quarter - due in 2 months
  ☐ Review current budget ☐ Project next quarter's expenses ☐ Prepare budget proposal
• Year-end closing procedures - due in 3 months
  ☐ Review financial records ☐ Adjust accounts as necessary ☐ Prepare year-end reports

Not Critical but Urgent

• Accounts receivable follow-up - due in 1 week
  ☐ Review outstanding accounts ☐ Contact clients ☐ Process received payments
• Quarterly financial statement preparation - due in 1 week
  ☐ Compile financial data ☐ Prepare financial statement ☐ Review statement for accuracy
• Bank reconciliation - due in 1 week
  ☐ Review bank statements ☐ Compare with accounting records ☐ Reconcile any discrepancies
• Debt management - due in 1 week
  ☐ Review outstanding debts ☐ Plan repayment strategies ☐ Implement debt management plan
• Financial software update - due in 1 month
  ☐ Review software updates ☐ Install necessary updates ☐ Train staff on new features
• Fixed asset tracking - due in 1 month
  ☐ Inventory fixed assets ☐ Calculate depreciation ☐ Update accounting records

Not Critical or Urgent

• Financial policy review - due in 2 months
  ☐ Review current financial policies ☐ Identify areas for improvement ☐ Update policies as necessary
• Risk management assessment - due in 2 months
  ☐ Identify potential financial risks ☐ Evaluate risk impact ☐ Develop risk management strategies