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The Books Health Check

15 quick questions to see how healthy your books really are. It takes about five minutes, and you'll get your score straight away.

Answer for how things are today, not how they'll be once you've caught up. Not sure? That's an answer too: pick "Partly / not sure".

Paulina Atherton Consulting · Xero bookkeeping and clean-ups · Ilkley

Bank and reconciliation

Is every business bank account and card in Xero reconciled up to the end of last month?

A
B
C

Does the balance in Xero match your bank statement on the same date?

A
B
C

If you use Stripe, PayPal or a card machine, are fees and refunds recorded separately from sales?

A
B
C

Who owes what

When a customer pays, do you match the payment to their invoice in Xero?

A
B
C

Does your Aged Receivables report show only invoices customers genuinely still owe?

A
B
C

Does your Aged Payables report show only bills you genuinely still owe?

A
B
C

Costs and receipts

Do you have a receipt or bill for your business costs, saved in Xero or in one place?

A
B
C

Are your costs coded to the right categories, with nothing left sitting in Suspense?

A
B
C

Do you add receipts and bills at least once a month, rather than all at year-end?

A
B
C

Business and personal

Do you have a separate bank account just for the business?

A
B
C

When personal spending goes through the business account, is it recorded as personal? (Never happens? Choose Yes.)

A
B
C

Do you know what's in your director's loan account, and why? (Sole trader? Your drawings this year.)

A
B
C

Filing, year-end and lender-ready

Are your tax returns and, for a company, annual accounts all filed and up to date?

A
B
C

If you're VAT-registered, do your filed VAT returns still match the figures in Xero? (Not VAT-registered? Choose Yes.)

A
B
C

Could you produce an up-to-date profit and loss and balance sheet you'd trust, within a week?

A
B
C

Your details

First name

Email address

Business name (optional)

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