Financial Checklist
Is Your Financial House in Order?
A comprehensive checklist for small businesses.
Bookkeeping Basics
Transactions categorized in IRS-approved categories
Bank & credit card accounts reconciled monthly
Separate business and personal accounts
Receipts and documentation organized
Using industry-standard software (e.g. QuickBooks)
Tax Readiness
Prior year returns filed and accessible
Estimated quarterly payments current
1099s issued for payments over $600
Deductions documented with receipts
Payroll tax filings up to date
Financial Health
Monthly P&L reviewed and understood
Cash flow positive or plan in place
Emergency reserve of 3-6 months expenses
Aged receivables under 60 days
Budget created and tracked against actuals
Growth Readiness
Financial projections for next 12 months
KPIs identified and tracked
CPA/advisor relationship established
Entity structure optimized
M&A or exit strategy considered
Ready to Take Control of Your Finances?
Schedule a free consultation and discover how we can simplify your financial life.
Schedule a Consultation