Header - Kingcott Accountants
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Health Check

 Is everything working as you expect with your existing accounting system? Try providing truthful answers to the questions below to uncover potential areas of concern. You will probably be able to answer yes to most - but where you find otherwise we can help.

Don't worry if you are not able to supply answers for all these questions, running a successful business carries a myriad of rules which have to be obeyed and you cannot hope to be on top of everything all the time! If you feel that you need help then feel free to contact us.
  1. Do you always have time to complete the paperwork?
  2. Are your accounting systems streamlined and cost effective?
  3. Do you know where you are with the bank?
  4. Are your creditors being paid on time?
  5. Do you know who your debtors are - and do you collect on time?
  6. Do you know if you are profitable?
  7. Do you know which products/overheads are affecting your profitability?
  8. Can you interpret what the accounts are telling you?
  9. Are your accounts producing information frequently enough?
  10. Do your computer systems work well?
  11. Do you have a planning/budgeting system?
  12. Are your tax returns up to date?
  13. Do you have a clean bill of health with VAT and HMRC?
  14. Have you received comprehensive tax advice?
  15. Have you sufficient resources to cope with one-off jobs such as stocks?
  16. Are you keeping up to date with changing legislation?
  17. Do you have sufficient accounting personnel?