Business Financial Health Scorecard

How Financially Healthy is Your Business? Take this quick quiz to evaluate the current state of your business's financial health. Each question is designed to help you understand where your business stands and what areas might need attention. At the end, you’ll get a score that gives you a snapshot of your financial health—and we’ll show you how Midwest CPA can help improve it!

Do you Track your cash flow on a regular basis (weekly or monthly)?
Yes
Do you have enough cash reserves to cover 3-6 months of operating expenses?
Yes
Do you experience frequent cash flow shortages that impact your ability to pay bills on time?
Rarely
Is your bookkeeping system up-to-date and accurate?
Yes
Do you generate monthly financial reports (income statement, balance sheet, cash flow statement)?
Yes
Do you understand your financial reports and use them to make informed business decisions?
Yes
Do you have a proactive tax planning strategy to minimize liabilities?
Yes
Are your tax filings up-to-date and in compliance with local, state, and federal laws?
Yes
Do you regularly identify and claim all eligible deductions and credits?
Yes, every year
Do you know your gross and net profit margins, and are they improving over time?
Yes
Do you have a clear strategy to scale your business and increase profitability?
Yes, we have a plan
Do you regularly review your expenses and identify areas to cut costs?
Yes, regularly