Small Business Bookkeeping Habits Quiz 

Quiz Questions

• 1.
  Do you have a separate bank account for business purposes only?

  • A.
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    Yes
  • B.
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    No
• 2.
  How often do you do your bookkeeping?

  • A.
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    Once a month
  • B.
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    Quarterly
  • C.
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    Annually
  • D.
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    I need to start
  • E.
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    I pay someone to do it
• 3.
  How do you do your bookkeeping?

  • A.
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    I pay someone
  • B.
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    I need to start
  • C.
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    I created a spreadsheet
  • D.
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    I use a software
  • E.
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    Other
• 4.
  Do you spend too much time doing your bookkeeping?

  • A.
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    Yes
  • B.
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    No
  • C.
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    Not Applicable
• 5.
  Do you think you are claiming all the expenses you are entitled to? 

  • A.
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    Yes
  • B.
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    I could be missing some
  • C.
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    No
• 6.
  Do you know what your monthly revenues and expenses are?

  • A.
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    Yes, all the time
  • B.
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    I have a rough idea
  • C.
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    Not really
• 7.
  Do you know how much to put aside for income tax?

  • A.
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    Yes
  • B.
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    I Don't Know
  • C.
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    No

Quiz Outcomes

• 1.
  Congratulations!

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  Are your bookkeeping habits helping or hurting your business?
• 2.
  Great Job

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  Are your bookkeeping habits helping or hurting your business?
• 3.
  Good Work

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  If you're intimidated by accounting, you're definitely not alone. In a TD Bank poll, 58% of business owners said that accounting gives them the most headaches. It's time consuming, tedious and sometimes confusing. BUT, healthy accounting practices are not only a good idea...they are vital to the success of your business. Whenever I work with business owners, I like to make accounting topics as non-threatening as possible. It's a lot easier to be engaged when you understand the tasks at hand. Or, it could be that you simply don't have time to give your books the attention that they need. If you only think about accounting when it's time to file taxes, then your business in need of a system that works. Book a consultation to determine how we can build a well-oiled, paper-free accounting machine. With a bookkeeping professional on your team, expect to go beyond simple compliance. The goal is to drive growth through healthy books.
• 4.
  Business Financials

  Image Source

  If you're intimidated by accounting, you're definitely not alone. In a TD Bank poll, 58% of business owners said that accounting gives them the most headaches. It's time consuming, tedious and sometimes confusing. BUT, healthy accounting practices are not only a good idea...they are vital to the success of your business. Whenever I work with business owners, I like to make accounting topics as non-threatening as possible. It's a lot easier to be engaged when you understand the tasks at hand. Or, it could be that you simply don't have time to give your books the attention that they need. If you only think about accounting when it's time to file taxes, then your business in need of a system that works. Book a consultation to determine how we can build a well-oiled, paper-free accounting machine. With a bookkeeping professional on your team, expect to go beyond simple compliance. The goal is to drive growth through healthy books.