Finance health check
How healthy is your finance function?
Ten quick questions, about two minutes. You get a score out of 100 and the three to five gaps worth fixing first.
The check
Ten statements. Answer honestly.
Your answers stay in your browser. Nothing is sent to us unless you choose to get in touch.
1.Your books are closed and reconciled within 10 days of month end.
2.You get a monthly MIS (profit and loss, balance sheet, cash) and use it to make decisions.
3.You know your margin by product, channel or customer.
4.You have a cash forecast for at least the next 13 weeks.
5.GST, TDS and ROC filings are always on time, with no unresolved notices.
6.Receivables are reviewed every week and overdue amounts are followed up.
7.You have an annual budget and compare actual results against it every month.
8.Bank, payment gateway and marketplace receipts reconcile to your books.
9.If an investor asked for a data room tomorrow, you could share it within a week.
10.Someone other than the founder owns finance day to day.