Financial Self Assessment

 

Rate each area on a scale of 1-5, where 1 is ‘Disagree', and 5 is ‘Agree Completely'

 

 

 

Disagree

Usually Not

Some-times

Usually

Totally Agree

 

 

 

 

 

 

 

 

 

 

 

 

CORE

1)      Purpose

My company/team has a clear purpose that drives our values, product, execution and financial metrics

 

 

 

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5

2)      Products & Pricing

My company delivers products and services that are aligned to our purpose, provide competitive pricing, and a unique offering to customers

 

 

 

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5

3)      Execution & Due Diligence

My company has clearly defined processes to deliver products/services (supply chain, scheduling, contracting), manage customer relationships (onboarding, satisfaction assessment), and risk (due diligence protocols, variable pricing)

 

 

 

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4)      Bookkeeping & Reporting

My company uses an accounting software system (such as Quickbooks), and creates financial statements and performance reports every month, including performance against budget

 

 

 

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IMPACT

5)      Forecasting & Metrics

My company clearly defines how it measures success, and develops robust models (budgets, proformas, etc.) to forecast its performance

 

 

 

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6)      Capital

My company has a capital plan for use of operating revenue, debt and equity, and has access to the sources of capital it requires to achieve its goals

 

 

 

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7)      Risk Review

My company takes steps to identify and quantify key risks that could threaten its performance, implements action plans to manage these risks

 

 

 

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8)      Assess & Realign

My company takes time to assess financial and impact performance on a regular basis and realigns its performance targets to strategically accommodate new information and goals

 

 

 

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 Review your self assessment ratings, and determine among the lower ranking items, which areas are the highest priority for you and your business at this time.

 

Services / Next Steps:

Schedule a 1 hour discussion with our Impact CFO team for a detailed assessment of your highest needs and define a plan of action.

 

To specifically focus on Bookkeeping and Accounting needs, schedule a detailed Bookkeeping audit with

our partner, Allison McDanel at Sacred Worth.