Header - Kingcott Accountants
Image of Mountains - Giving you the support you need for the challenges ahead

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 we can help you in any problem areas.
  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 when due?
  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 PAYE?
  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?