1 Record-keeping Current
2 Cash flow & budget Pending
3 Reporting & insight Pending
4 Tax & compliance Pending
5 Strategy & advisory Pending

## Record-Keeping & Bookkeeping

How strong are your foundations? These questions focus on the basics: keeping your numbers accurate and up to date.

- 1. Do you keep your bookkeeping up to date at least once per month?

  Yes No

- 2. Do you reconcile your bank accounts regularly (at least monthly)?

  Yes No

- 3. Do you consistently keep receipts and invoices organised (digitally or physically)?

  Yes No

- 4. Do you use accounting software rather than spreadsheets for day-to-day records?

  Yes No

## Cash Flow & Budgeting

Strong cash flow keeps the lights on. These questions look at how well you plan and monitor your money in and out.

- 5. Do you maintain a cash-flow forecast covering at least the next 3–6 months?

  Yes No

- 6. Do you monitor actual performance versus your forecast on a regular basis?

  Yes No

- 7. Do you set aside money for upcoming tax liabilities (VAT, corporation tax, self-assessment, payroll taxes)?

  Yes No

- 8. Do you review your pricing and costs at least annually to ensure profitability?

  Yes No

## Financial Reporting & Insight

Good data only helps if you look at it. These questions cover how much visibility you have on performance.

- 9. Do you prepare monthly or quarterly management accounts (profit & loss, balance sheet, cash flow)?

  Yes No

- 10. Do you review key financial metrics (e.g., gross margin, net margin, debtor days) at least quarterly?

  Yes No

- 11. Do you understand your business’s break-even point and monitor it occasionally?

  Yes No

- 12. Do you compare current results against previous periods (year-on-year or month-on-month)?

  Yes No

## Tax, Compliance & Payroll

Staying compliant protects you from fines and headaches. These questions assess your approach to deadlines and processes.

- 13. Do you file all tax returns and statutory accounts on time without last-minute rush?

  Yes No

- 14. Do you have documented processes for VAT, payroll, or other compliance tasks?

  Yes No

- 15. Do you review your business structure and tax planning at least once per year?

  Yes No

## Strategy & Advisory

Mature finance isn’t just about numbers; it’s about direction. These questions look at your planning and use of advice, whether you want to grow or simply keep things running smoothly.

- 16. Do you set financial goals for the year (revenue, profit, cash targets)?

  Yes No

- 17. Do you review these goals regularly with an accountant or advisor?

  Yes No

- 18. Do you prepare a budget for the year and track progress against it?

  Yes No

- 19. Do you plan ahead for major purchases or investments instead of making reactive decisions?

  Yes No

- 20. Do you have a clear understanding of your company’s long-term financial strategy?

  Yes No

Score: 0 / 20 “Yes” answers across all areas
Financial health snapshot TBC

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