How Well Are You Managing Your Business Finances?

Take Our 10-question bookkeeping and financial management quiz that will help you identify how well you manage your finances for the business.

Do you reconcile your bank statements and financial accounts every month? *

Never

Sometimes

Yes, always

I have no idea what you're talking about

Do you keep all receipts and invoices properly organized for tax season? *

No, I don’t have a system

I try, but sometimes I lose track

Yes, all the time

Are your business books up to date at all times? *

No, they’re a mess

Sometimes, but I often fall behind

Yes, they are always current

Do you track your income and expenses in real-time using bookkeeping software like QuickBooks? *

No, I manually track (or don’t track at all)

I have software, but I don’t use it properly

Yes, I use bookkeeping software regularly

Do you have a cash flow forecast for the next 6-12 months? *

No, I have no idea what my cash flow will be

Somewhat, but it’s not detailed

Yes, I know exactly what’s coming

Are you confident that your payroll is processed accurately and on time every pay period? *

No, I always struggle with payroll

Sometimes, but it gets overwhelming

Yes, I have a system in place

Do you file and pay your GST/HST on time to avoid penalties? *

No, I’ve missed deadlines or don’t know how

I try, but I’ve been late before

Yes, always

Do you have a process for keeping your financial documents secure and backed up? *

No, I don’t have a system

I keep some records but not consistently

Yes, everything is properly stored and protected

When tax season comes, are you confident that your financial records are accurate and ready? *

No, I dread tax season and have missing records

I scramble last minute to get things together

Yes, I have everything in order

Would you say your business finances are organized and stress-free? *

No, I feel lost and overwhelmed

Sometimes, but I struggle at times

Yes, my finances are always well-managed

Name *

Business Name *

Email *

Phone *