Tips & Tools -- Checklist

TVG Start-Up Milestones

1. Complete your business plan, including the sales/revenue forecast
2. Open a checking account, interest bearing, if available
3. Retain a CPA and attorney with expertise in your industry
4. Setup a filing system for contracts and other financial documents
5. Setup a depositing and cash receipts process
6. Setup an invoicing, sales and revenue process
7. Setup a purchasing and contracting process
8. Setup an inventory/materials management process
9. Setup a cash disbursement process
10. Setup a general accounting process
11. Establish a working relationship with a payroll processing service
12. Develop a human resource process
13. Develop a budget preparation and monitoring process
14. Develop a fundraising and grant process, if applicable
15. Develop an information systems process
16. Retain a marketing, communications and promotions expert
17. Develop a tax management process, including annual tax strategy
18. Develop a risk management process
19. Develop a policy and procedure writing process
20. Develop an audit preparation process, if applicable