Process and Systems This section looks at the processes and systems of your Accounting and Financial Management We prepare an annual budget * 1 2 3 4 5 I understand financial statements * 1 2 3 4 5 We prepare monthly financial reports including a profit and loss / statement of financial performance * 1 2 3 4 5 We have a formal finance meeting with a set agenda monthly 1 2 3 4 5 We have an effective accounting system that we understand well 1 2 3 4 5 We have effective filing and back up systems 1 2 3 4 5 We regularly review stock, equipment and hardware 1 2 3 4 5 We have a credit policy which is enforced 1 2 3 4 5 We have an effective debt collection system 1 2 3 4 5 Payrolls are met without any financial issues arising 1 2 3 4 5 Money is set aside for expansion, emergencies, tax obligations and contingency 1 2 3 4 5 Process and Systems
