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Finance System Review
Finance System Review Questions
Please complete all of the following questions to assess your current financial system.
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1.
SYSTEMS & PROCESSES: Which of the following are applicable to you?
(Required.)
Yes
No
We lose track of hardcopy paper documents
Yes
No
The way we invoice sales, process payroll and manage purchasing has not changed in the last 5 years
Yes
No
Our financial system does not talk to the other systems we use (Point of Sale, Stock, CRM, etc)
Yes
No
The organisation is potentially over/under staffed in the finance department
Yes
No
I am concerned that if an error or fraudulent activity occurred, it would not be detected and resolved
Yes
No
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2.
FINANCIAL INFORMATION: Which of the following do you agree with?
(Required.)
Yes
No
An end of month result can be produced within 3 working days
Yes
No
I receive information on business performance/profit during the month
Yes
No
I understand the financial information I receive
Yes
No
Key Performance Indicators are reviewed on a daily/weekly basis to manage the organisation
Yes
No
Important financial and non-financial data can be easily obtained from our systems within a few minutes
Yes
No
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3.
PERFORMANCE MANAGEMENT: Which of the following do you agree with?
(Required.)
Yes
No
There is a budget for the current financial year
Yes
No
Cashflow is forecasted for future weeks/months
Yes
No
I know what the breakeven point is
Yes
No
All bills (including tax and super) can be paid on time
Yes
No
I know how to improve the profitability and performance of the organisation
Yes
No
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4.
ATTITUDE: Select the statement that is most appropriate to how you currently feel about your financial systems, processes and information.
(Required.)
I am happy with our current operations
There is not the time nor money to review our situation
I do not know how to improve our systems, processes and reporting
I want to improve our current situation
