Finance Health Check for Business Owners

Cash

1. Do you know your cash position for each of the next 13 weeks?

Yes Partly No

2. Do customers pay within your terms in most months?

Yes Partly No

Reporting

3. Do you have last month’s numbers within 10 working days of month-end?

Yes Partly No

4. Do your monthly reports show profit by job, division or product, not only in total?

Yes Partly No

5. Does the owner or board get a short pack that leads with the decisions?

Yes Partly No

Controls

6. Does a second person approve supplier payments above a set limit?

Yes Partly No

7. Are your job software, CRM and accounts connected, so nothing is keyed in twice?

Yes Partly No

Growth readiness

8. Do you compare results with a budget or forecast every month?

Yes Partly No

9. If you bought a business tomorrow, do you know how you would bring its finance and systems into yours?

Yes Partly No

10. Could the numbers be produced for a month without one key person?

Yes Partly No

What’s happening in your business?

Tell me in a few sentences. I reply personally within one business day.