QuickBooks Health Check Audit Checklist

This guide presents a 20-point audit checklist designed to evaluate the accuracy and reliability of a QuickBooks setup. It aims to help users identify potential issues that could mislead financial decision-making. The document outlines common errors found in QuickBooks files and provides a scoring framework to assess the health of the financial data. Users are instructed to assess each item on the checklist as Pass, Fail, or Unsure, emphasizing the importance of not overlooking uncertain items as they may hide significant errors. The guide details various sections of the audit, including foundational checks, reconciliation practices, accounts receivable and payable evaluations, payroll and tax considerations, and year-end hygiene. Additionally, it offers a cleanup playbook for those needing to address identified issues and suggests when to consider professional assistance for complex problems. The document is tailored for small to medium-sized business leaders with revenues between $1 million and $50 million.