The bill payment checklist not only allows you to keep track of all your bills to be paid but also acts as a reminder for any payments which are outstanding. You prepare this checklist by categorizing the bill payment areas and then devising a column of the total bill next to the category. The due date for the bill is also mentioned which helps you keep track that all your bills are paid well in time.
If by any chance a bill is left unpaid then you will get to know it as it will appear in the not paid or outstanding bill column. The checklist for the whole year allows you to examine closely how much billing you have been paying for the whole year with a certain amount in hand. It also allows you to compare one year’s billing amount with another year's bill thus allowing you to have a clear comparison between different billing categories for a particular year or years.