Accounting Assessment

I maintain my own accounting system.

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I maintain my own payroll system.

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My taxes are current.

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My accounts payable are current.

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I collect and pay sales tax on my products/services.

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I pay sales tax for goods purchased for my business.

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I am not at the point when I need accounting for my business yet.

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I take a salary.

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My salary is more than $22,000.

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My business is not yet in operation so I don't have salary.

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I charge differently based on form of payment for my products/services.

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I have a current, written operating budget.

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I have an operating budget but it's not current.

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I have calculated my current billable efficiency.

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I know my breakeven point.

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Year-end financial statements are completed and reviewed.

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I write off bad debts.

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We have past due accounts.

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Monthly financial statements are completed and reviewed.

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Financial statement show actual and budget data.

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We maintan a positive cashflow.

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We review accounts receivable regularly and keep on top of collections.

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We have an adequate line of credit.

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I have a great relationship with our bank and meet with our banker regularly.

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I meet with our accountant at least quarterly.

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Our operations manual includes all of the accounting procedures.

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We have systems in place to prevent theft, fraud, and embezzlement.

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Monthly financial statements are reviewed 10 days before the close of every month.

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We make timely tax deposits or use an outside payroll service to do so for us.

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