Is Your Business Profitable? | Because789 Paperless Bookkeeping

Do you have a separate bank account for your business & personal transactions? For example, you pay for your Starbucks out of your personal account and your printer ink out of your business account.

Yes, I keep 'em separate.

I just use one account, but I'll sort them out later

I have 2 accounts but I sometimes mix my money

Correct!

Wrong!

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What software do you use for your bookkeeping?

Quickbooks

Wave

I have a bookkeeper

I don't use anything.

I use a spreadsheet

Other software

Correct!

Wrong!

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How do you pay yourself?

I take what I need when I need it

I have a set schedule for paying myself and mostly stick to it

I pay myself whatever the business can afford at the end of the month

Correct!

Wrong!

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Do you pay your taxes on time?

Sometimes. I'll cross that bridge when I get to it.

Yes, I regularly save money for my taxes and pay when due.

No, I never have enough money

Correct!

Wrong!

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Do you have a revenue goal for your business?

I don't have a goal

Yes, and I check every month to see if I made it

I have an idea of how much I want to make and I add up my sales in my head to see how I'm doing

Correct!

Wrong!

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What kind of business do you have?

Local business

Online business

Correct!

Wrong!

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How many employees do you have?

It's just me

1-2 employees

3-7 employees

8-19 employees

20+ employees

Correct!

Wrong!

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How long have you been in business?

Less than a year

One year to Three years

Four or more years

Correct!

Wrong!

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