Accounting & Bookkeeping

Create a month-end close checklist for [company]:

Company size: [size]
Industry: [industry]
Accounting system: [software]
Reporting deadline: [due date]
Team size: [people]
Complexity: [simple to complex]

Checklist items:
- Pre-close activities
- Revenue recognition tasks
- Expense accruals
- Bank reconciliations
- Intercompany reconciliations
- Fixed assets and depreciation
- Inventory procedures (if applicable)
- Prepayments and deferrals
- Journal entry reviews
- Account reconciliations
- Close review and approval
- Financial statement preparation
- Timeline with owners

Document the reconciliation procedure for [account type]:

Account: [GL account]
Complexity: [simple to complex]
Volume: [transaction volume]
Reconciliation frequency: [monthly, weekly, etc.]
Risk level: [high, medium, low]

Procedure documentation:
- Purpose and importance
- Frequency and timing
- Data sources and reports
- Step-by-step process
- Reconciling items identification
- Research and resolution steps
- Documentation requirements
- Review and approval process
- Common issues and solutions
- Supporting schedules
- System screenshots or references

Create proper documentation for this journal entry:

Entry: [describe or provide details]
Amount: [amount]
Accounts: [affected accounts]
Period: [posting period]
Reason: [why entry is needed]

Documentation includes:
- Entry description and purpose
- Business rationale
- Supporting calculation
- Source documents referenced
- Recurring vs non-recurring
- Reversal required (if yes, when)
- Accounting standard reference (if applicable)
- Tax implications (if any)
- Preparer and reviewer
- Approval requirements
- Audit trail

Prepare an audit readiness plan for [audit type]:

Audit type: [annual, internal, tax, etc.]
Auditor: [firm name if known]
Timing: [expected dates]
Scope: [what's being audited]
Prior issues: [previous findings]

Preparation plan:
- Documentation checklist
- Account reconciliations needed
- Supporting schedules required
- PBC (Provided By Client) list
- Significant transactions to explain
- Policy documentation
- Internal control documentation
- Sample selections preparation
- Team assignments
- Timeline and milestones
- War room setup
- Communication protocol

Create an expense categorization guide for [company]:

Company: [name and type]
Industry: [industry]
Chart of accounts: [structure]
Common expenses: [typical spending]
Users: [who codes expenses]

Guide contents:
- Account structure overview
- Category definitions
- Common expense examples by category
- Department/project coding
- Special coding rules
- Ambiguous expense guidance
- Capital vs expense threshold
- Personal vs business (if applicable)
- Receipt requirements
- Approval workflows
- FAQ section

Make it user-friendly for non-accountants.

Draft a tax planning memo for [situation]:

Taxpayer: [individual/entity]
Situation: [transaction or planning opportunity]
Tax year: [year]
Jurisdiction: [country/state]
Goal: [minimize tax, comply, defer, etc.]

Memo structure:
- Facts and background
- Tax issue identification
- Applicable tax law/regulations
- Analysis and interpretation
- Alternative strategies
- Quantified tax impact
- Risks and considerations
- Recommendation
- Implementation steps
- Timing considerations
- Documentation needs

Note: Consult tax professional for final advice.

Document accounting policy for [topic]:

Topic: [revenue recognition, inventory, etc.]
Applicable standards: [GAAP, IFRS, etc.]
Industry: [industry]
Company practices: [current approach]
Complexity: [simple to complex]

Policy documentation:
- Scope and applicability
- Accounting standard reference
- Policy statement (clear principle)
- Recognition and measurement guidance
- Specific procedures
- Examples and scenarios
- System setup implications
- Disclosure requirements
- Exceptions and approvals
- Review and update process
- Effective date
- Version control

Investigate this accounting error:

Error discovered: [description]
Amount: [size of error]
Accounts affected: [which accounts]
Period(s): [when it occurred]
How discovered: [how you found it]

Investigation process:
- Error description and impact
- Root cause analysis
- When error originated
- Why it wasn't caught
- Full extent of error (all instances)
- Correction entry needed
- Prior period impact
- Restatement requirements
- Control gaps identified
- Corrective actions
- Communication needs (auditors, management)
- Process improvements