How healthy are your books?

1.Are your bank and credit card accounts reconciled in QuickBooks every month?

2.Can you see last month’s P&L within the first couple of weeks of this month?

3.Does your P&L split sales into parts, labor and sublet?

4.Is each cost (parts cost, tech pay, sublet cost) recorded against the sales it produced?

5.Do sales in your shop software match sales in QuickBooks each month?

6.Is payroll recorded in QuickBooks from your payroll reports every pay period?

7.Are your payroll tax filings and payments up to date?

8.Is business money kept separate from personal money?

9.Do you know how much the shop has to sell each month to cover its costs?

10.Could you hand your CPA clean books at year-end without a scramble?