You may be busy serving customers and running the business. But can you quickly tell what you're earning, spending, owing and keeping?
Small business owners often wear every hat. When bookkeeping falls behind, it can become harder to see cash flow, profitability, taxes and what the business can actually afford.
Unreconciled bank and credit-card accounts can make it difficult to trust the numbers in your accounting system.
When expenses are rushed or lumped into broad categories, your profit-and-loss report may not tell the full story.
A profitable month does not always mean cash is available. Owners need a current view of money coming in and going out.
Accurate sales, purchase and tax records help support GST/HST reporting and input tax credit claims.
Invoices can remain outstanding while the owner is busy delivering work, making it harder to see what customers still owe.
As you add people, payroll deductions, contractor payments and supporting records need consistent organization.
Missing receipts and scattered records can make year-end preparation and CRA support more difficult.
If your financial statements are always prepared after the fact, they are harder to use for timely business decisions.
This assessment looks at whether your bookkeeping gives you a current, organized picture of the business—not simply whether transactions have been entered.
Are bank and credit-card accounts reconciled and current?
Can you confidently see and categorize your business income?
Are business expenses categorized clearly enough to understand spending?
Can you see where your cash is going and what is coming next?
Are your sales, purchases and tax records organized for reporting?
Do you know who owes you and what your business owes?
Are payroll, contractor and source documents properly organized?
Can you get useful profit-and-loss and financial information when needed?
Answer 8 quick questions about your current bookkeeping. Your answers generate a score from 0–100 and highlight areas that may deserve attention.
Your score is a diagnostic starting point—not an audit or formal accounting opinion. It helps identify areas where your bookkeeping process may deserve a closer look.
Important bookkeeping gaps may be affecting financial visibility and day-to-day decisions.
Your bookkeeping foundation may have operational gaps that deserve attention.
You have a stronger foundation, with opportunities to improve consistency and reporting.
Your answers indicate stronger organization, visibility and bookkeeping readiness.
You started your business to serve customers and create value—not to spend every evening catching up on bookkeeping.
Sede Bookkeeping Services brings more than 20 years of bookkeeping experience together with financial insight designed to help business owners understand their numbers and make informed decisions.
TALK ABOUT YOUR BOOKS →Take the free Small Business Bookkeeping Financial Health Score™ assessment and discover where your bookkeeping may need attention.