How Healthy Are Your Business Finances?

1) How often are your bank and credit card accounts reconciled?

Every month, without fail

A few times a year

Only at tax time

Not sure what a reconciliation is

2) Do you know your current profit margin?

Yes, I check it regularly

I can find it if I dig into reports

I only know once my accountant tells me

No idea

3) How are vendor bills and receipts tracked?

Entered into software & matched to statements

Saved in folders/spreadsheets

Piled up until year-end

Mostly in my head

4) Do you set aside money for taxes throughout the year?

Yes, I make estimated tax payments

Sometimes, if cash flow allows

Rarely—I scramble when taxes are due

I didn’t know I should

5) When was the last time you reviewed financial statements?

This month

Within the past 3–6 months

Last year

Never

6) How confident are you that your books are audit‑ready?

Very confident—everything’s organized

Somewhat confident—there might be gaps

Not confident—I’d panic at an IRS notice

Haven’t thought about it