INSAF PACKAGES
JANUARY-2024
CHECKLIST
1) PREPRATION OF MONTHLY FINANCIAL STATEMENTS
 Balance Sheet
 Income Statement
 Fixed Assets Schedule
2) CASH PAYMENT VOUCHERS VERIFICATION
 Verifying supporting documents with Cash Payment Vouchers (CPVs).
 Verifying the sequence of Cash Payment Vouchers (CPVs).
 Verifying the Cash Payment Vouchers (CPVs) in Cash in Hand Ledger.
3) BANK PAYMENT VOUCHERS VERIFICATION
 Verifying supporting documents with Bank Payment Vouchers (BPVs).
 Verifying the sequence of Bank Payment Vouchers (BPVs).
 Verifying the Bank Payment Vouchers (BPVs) in Cash in Hand Ledger.
 Tracing of Bank Payments in related bank ledgers and bank statements.
 Reconciliation of Bank Ledger Balance with the Bank Account Balance.
 Verifying the sequence of cheque issued.
4) CASH RECIEPT VOUCHER VERIFICATION
 Verifying supporting documents and related invoices.
 Verifying the sequence of Cash receipt Vouchers (CRVs).
 Verifying the entry of Cash receipt Vouchers (CRVs) with Ledger.
5) BANK RECEIPT VOUCHR VERIFICATION
 Verifying supporting documents and related invoices.
 Verifying the sequence of Bank receipt Vouchers (BRVs).
 Verifying the entry of Bank receipt Vouchers (BRVs) with Ledger
6) We obtain physical stock and verify with the Stock movement
7) Verification of vendors outstanding balances by testing the entries from individual ledgers.
8) Tracing of Opening balances of Vendors with the previous month. To verifying error in
transferring of balances current month to next month.
9) Verification of Customers outstanding balances by testing the entries from individual ledgers.
10) Tracing of Opening balances of Customers with the previous month. To verifying error in
transferring of balances current month to next month.