Books health check

Ten questions. Yes or no. Answer them honest and you'll know where you stand.

1. 01

   Can you name the job that made you the most money last month?

   yesno
2. 02

   Were all your bank accounts reconciled through last month?

   yesno
3. 03

   Does your balance sheet match your last filed tax return?

   yesno
4. 04

   Do you know what one hour of a crew member actually costs you, loaded?

   yesno
5. 05

   Is everything on your AR report money you'd actually collect?

   yesno
6. 06

   Are your books closed by the tenth of the month?

   yesno
7. 07

   Do you issue 1099s and W-2s every year, with W-9s and certificates of insurance on file for your subs?

   yesno
8. 08

   Do your job costs land on the job, or in one big bucket?

   yesno
9. 09

   Does anybody besides one person touch approvals, payments, and reconciliation?

   yesno
10. 10

    If your bookkeeper quit tomorrow, could somebody else pick it up?

    yesno