Self-assess how well you know your financial numbers by answering the following questions. There are no right or wrong answers.
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Question 1 of 13
1. Question
Do you know how much you sold to your customers?
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Question 2 of 13
2. Question
Do you know how much it cost you to make those sales? (Expenses.)
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Question 3 of 13
3. Question
Do you know the total cost of operating your company?
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Question 4 of 13
4. Question
Do you know how much money is left over after all the bills are paid?
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Question 5 of 13
5. Question
Do you know your wage/salary and wages paid to employees/contractors?
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Question 6 of 13
6. Question
Do you know how much money you have in the bank?
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Question 7 of 13
7. Question
Do you know how much your customers owe you?
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Question 8 of 13
8. Question
Do you know the details of what your vendors are charging you? (Bank fees, gas, interest-basically the details of all expenses.)
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Question 9 of 13
9. Question
Do you know which of your products or services are most popular with your clients?
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Question 10 of 13
10. Question
Do you know how much your sales have grown?
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Question 11 of 13
11. Question
Do you know where you are leaking money? (Expenses you don’t need.)
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Question 12 of 13
12. Question
Do you know your net profit? (Money left over after you have completed all transactions.)
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Question 13 of 13
13. Question
If you don’t know your numbers, you can find accurate information in your bookkeeping records. For example, your financial numbers can be found in your Income Statement, Balance Sheet or Statement of Cash Flow.