Welcome to our

Financial Health Check

This quick, 10-minute (20 question) assessment will help you evaluate the financial health of your business across 10 key areas — from bookkeeping and taxes to profitability, forecasting, and more.

You’ll see a series of multiple-choice questions. For each one:

✅ Select all answers that apply to your current business setup.

There are no wrong answers — just be honest about where things stand today.

What You’ll Get

A score for each category of your financial operations
A clear picture of where you're strong — and where you can improve
A personalized call to action to help you take the next step confidently

Let’s find out how financially ready your business really is 🚀

Which of the following are true about your bookkeeping process?

Books are updated at least weekly

All accounts are reconciled monthly

We use accrual-based accounting

We have a documented chart of accounts

We close the books every month

We’ve had our books professionally reviewed in the last 12 months

Select all that apply

How is leadership supported in making financial decisions?

I meet regularly with a CFO or financial advisor

Financials are reviewed with leadership monthly

I delegate some financial decision-making to other leaders

Our team discusses financial metrics during meetings

I get proactive financial recommendations from my advisor or team

We use financial reports to guide strategic decisions

Select all that apply

How do you manage taxes throughout the year?

I meet with my CPA or tax advisor at least quarterly

Estimated tax payments are tracked and made on time

Our books are kept tax-ready year-round

We plan around tax liability, not just file after the fact

We have a process to store and organize tax documents

We review tax-saving strategies before year-end

Select all that apply

How do you ensure profitability in your business?

We calculate profit margins for each product or service

We track net profit monthly

We monitor client/job/project-level profitability

We have clear cost controls in place

We know our breakeven point

We regularly analyze pricing for profitability

Select all that apply

What types of financial KPIs do you currently track? Select all that apply

How do you stay organized with your financial operations?

We store all financial records in a secure, centralized system

We have documented processes for monthly close and reviews

Everyone knows their role in the financial process

We keep vendor/customer financial records organized

Our naming and folder structure is consistent and accessible

Our bookkeeping SOPs are documented and followed

Select all that apply

What technology do you use in your finance operations?

Cloud-based accounting software (e.g., QBO, Xero)

Receipt capture/expense management app (e.g., Dext, Expensify)

Payroll platform with tax filing (e.g., Gusto, ADP)

Financial dashboard or reporting tool (e.g., Fathom, LivePlan)

Automated bill pay or AP workflow (e.g., Melio, Bill.com)

Bank feeds integrated into your accounting system

Select all that apply

What planning and forecasting tools do you use?

We operate with a detailed, forward-looking budget

We update financial forecasts throughout the year

We model best/worst-case revenue and expense scenarios

We plan cash flow at least monthly

We use our budget to make hiring and investment decisions

Forecasts are shared and discussed with leadership

Select all that apply

Which of these processes are systemized in your business?

Accounts payable has a consistent process and schedule

Invoicing and collections are handled on a clear timeline

Payroll is handled on-time with minimal manual work

Month-end close is completed within 10 days

Recurring tasks are tracked with checklists or project tools

Key financial tasks are assigned with clear ownership

Select all that apply

How do you delegate and manage financial responsibilities?

I’ve assigned bookkeeping to a dedicated person or firm

Someone besides me handles payroll and bill pay

I review, but don’t prepare, financial statements

Financial tasks are clearly documented for my team

I delegate budgeting or analysis to a trusted advisor

My team knows who to ask for financial tasks

Select all that apply

What makes you confident in your financial reports?

Our financials are reviewed by a professional monthly

Reports are customized with metrics that matter to us

We use reporting tools to visualize the data

The books are always reconciled before reporting

Reports tie back to real business performance

Data sources are reliable and organized

Select all that apply

How do you ensure your business stays compliant and audit-ready?

All tax documents are stored and backed up digitally

We use a secure document management system

We have software in place for audit trails

Our workflows include compliance checks

Someone on our team owns audit and compliance readiness

Our bookkeeping is categorized to align with tax requirements

Select all that apply

How do you prepare for growth?

We build forecasts to plan for new hires or expenses

We track the KPIs that signal scalable growth

I review growth strategies with a financial advisor

We’ve upgraded tools to support scale

We’ve assessed how growth impacts profit margins

I’ve started offloading strategic planning to other team leaders

Select all that apply

What kind of internal reviews or audits do you perform?

Books are reviewed monthly by someone other than the preparer

Leadership reviews financial performance quarterly

SOPs are reviewed and updated yearly

We review software performance and integration yearly

We audit process completion with checklists

We evaluate KPIs vs. target benchmarks

Select all that apply

How financially confident do you feel as a business owner?

I have clear visibility into cash flow and runway

I trust my team to handle key financial tasks

Our tools help me feel in control

Our systems are efficient and organized

I always know where we stand financially

I have an advisor I can count on for guidance

Select all that apply

What makes your budgeting process effective and actionable?

Our budget aligns with revenue and expense goals

Budgeting templates are organized and reused each year

I delegate budget tracking to a capable team member

We compare budget vs. actuals monthly

We use the budget to target profit goals

Leadership regularly reviews and updates the budget

Select all that apply

What processes help your team stay efficient financially?

We use templates or SOPs for recurring financial tasks

We automate tasks like payroll, invoicing, or reminders

Our documents and tools are accessible and well-structured

Roles are clearly assigned to avoid bottlenecks

Transactions are properly categorized at the source

Our financial tasks are scheduled based on a monthly calendar

Select all that apply

What systems support your ability to grow without chaos?

Our tools scale with revenue and team size

I’ve delegated operational and financial responsibilities as we’ve grown

We review margin impact before expanding

I consult advisors before making major decisions

Processes are built to handle more volume without extra stress

We track performance indicators that scale with the business

Select all that apply

What financial habits have you built into your business routine?

I review cash flow and bank balance weekly

I set aside funds for taxes regularly

I review budget or projections monthly

I meet with a financial advisor or coach quarterly

I organize receipts and documents weekly

I block time monthly to review or improve systems

Select all that apply

What actions help you stay on top of profitability?

I review profit margins by product, service, or client

I use metrics to understand profitability trends

Our books separate COGS from overhead properly

I forecast profitability before major hiring or spending decisions

I delegate margin analysis to a trusted team member or advisor

I use reporting tools to monitor profit drivers

Select all that apply