How Financially Confident Is Your Business?

This quick, 10 question assessment will help you evaluate the financial health of your business across 7 key areas.

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

✅ Select all answers that apply.

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
(optional) Free consultation to go over your results

1. 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

All bank and credit card accounts are synced with our accounting system

Our chart of accounts is customized to fit our business model

We follow a written monthly close checklist

Our bookkeeper is a trained professional, not just a data entry person

Our books are ready for tax filing without needing adjustments

Select all that apply

2. How do you manage taxes throughout the year?

Tax documents and receipts are stored digitally

Our CPA provides tax strategy, not just compliance

Mid-year tax projections are done to avoid surprises

We review our entity structure for tax optimization

I pay myself in alignment with a tax strategy

I understand my tax return and review it yearly

We follow a tax calendar with key deadlines

We conduct year-end reviews to look for deductions

Select all that apply

3. How do you ensure profitability in your business?

We calculate profit margins for each product or service

Overhead is reviewed and trimmed at least quarterly

We monitor client/job/project-level profitability

Pricing is based on costs, margin targets, and market research

We know our breakeven point

We’ve identified and eliminated unprofitable services or clients

We forecast margins before new hires or spending

We track profit margin trends with dashboards

Select all that apply

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

5. 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., Ramp, Bill.com)

Integrated CRM, time tracking, job costing, or inventory apps

Time-tracking or labor cost tools

Documented SOPs and task management tools

Select all that apply

6. 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 forecast to make hiring and investment decisions

Forecasts are shared and discussed with management team

We track financial KPIs against the forecast

We maintain a financial calendar for major milestones

Select all that apply

7. Which of these processes are systemized in your business?

Invoicing and collections are handled on a clear timeline

Vendor onboarding and payment processes follow a set workflow

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

Our finance team meets regularly to review and improve workflows

Budget tracking and reporting is done monthly

Roles are clearly defined for financial operations

Select all that apply

8. How financially confident do you feel as a business owner?

I trust that our bookkeeping is current and accurate

We follow consistent monthly processes for reviewing financials

Our financial tools give me real-time visibility into our numbers

I know our EXACT profit margins off the top of my head

Our financial systems run smoothly, even when I’m not involved

We regularly review and update forecasts to stay ahead of financial decisions

I understand how taxes impact our cash flow throughout the year

I make business decisions based on financial data, not gut feeling

Select all that apply

9. How do you prepare for growth?

We build forecasts to plan for new hires or large expenses

We maintain a rolling 12-month forecast to stay ahead of changes

We’ve upgraded our tools to support scale

We’ve assessed how growth impacts profit margins

We separate growth-related spending from baseline operating costs

We’ve streamlined financial tasks to avoid bottlenecks

We monitor KPIs that indicate when we’re ready to scale

We’ve modeled how growth impacts staffing, cash flow, and profit margins

Select all that apply

10. 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 block time quarterly to review or improve systems

I monitor KPIs at least monthly

I check our real-time dashboard to track performance trends

I follow a checklist each month to make sure nothing slips through the cracks

I meet regularly with my bookkeeping team to review updates and ask questions

Select all that apply