Welcome to your Business Finance Health Assessment
What is your average monthly turnover (revenue)?
Do you sell on credit (offer payment terms to clients)?
Do you buy on credit (supplier terms)?
What system do you use for accounting and reporting?
How often do you reconcile your bank accounts?
Are your financial reports (e.g., income statement, balance sheet) updated regularly?
Do you track your stock or inventory?
Do you have a budget or cash flow forecast for the next 3–12 months?
When was your last tax return (VAT or income tax) submitted?
Do you know your break-even point (when your business covers its costs)?