SourceHidden 2Hidden 3Email HeaderThank you for taking the time to complete the assessment quiz. Your individual report is compiled in the PDF attached. If you are interested in finding out more, please book your Discovery call using the link below.https://calendly.com/stacy-truepath-20/30minEmail FooterMany thanks, Stacy Caslow TruePath Solutions truepathsolutions.orgChart of Account ReviewAvailable values for Topic 1Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about the categorization of your accounts?*Overwhelmed, it's a confusing messAnxious, I'm not sure if they're rightConfident, they seem well organizedThrilled, everything is perfectly categorizedThis field is required.Transaction ClassificationAvailable values for Topic 2Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about the accuracy of your transaction classification?*Frustrated, it's all over the placeWorried, I might have made errorsSatisfied, it looks mostly correctProud, every transaction is spot onThis field is required.Bank and Credit Card ReconciliationAvailable values for Topic 3Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about reconciling your bank and credit card transactions?*Stressed, I can't get them to matchNervous, I'm struggling to find discrepanciesRelieved, I've resolved most issuesEcstatic, everything reconciles perfectlyThis field is required.Accounts ReceivableAvailable values for Topic 4Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about the state of your accounts receivable?*Desperate, too many overdue accountsConcerned, there are some inaccuraciesHopeful, most accounts are up to dateElated, everything is accurate and currentThis field is required.Accounts PayableAvailable values for Topic 5Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about managing your accounts payable?*Panicked, bills are piling upUneasy, I'm not sure about some chargesCalm, things are mostly under controlContent, all bills are accurate and paid on timeThis field is required.Tax Compliance and PlanningAvailable values for Topic 6Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about your tax compliance and planning?*Panicked, I'm worried about auditsUneasy, I might have missed somethingCalm, I think I've covered everythingContent, I'm confident in my tax strategyThis field is required.Financial ReportingAvailable values for Topic 7Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about the accuracy and timeliness of your financial reporting?*Desperate, it's always late and incorrectConcerned, there are some delays and errorsHopeful, it's generally on time and accurateElated, reports are always timely and preciseThis field is required.Budgeting and ForecastingAvailable values for Topic 8Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about your budgeting and forecasting accuracy?*Frustrated, it's always off the markWorried, there are some discrepanciesSatisfied, it's mostly accurateExcited, my forecasts are helping me grow my businessThis field is required.Cash Flow ManagementAvailable values for Topic 9Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about your cash flow management?*Stressed, I'm constantly juggling fundsNervous, I'm not sure about liquidityRelieved, cash flow is generally stableEcstatic, I have excellent liquidity managementThis field is required.Year End PreparationAvailable values for Topic 10Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score. How do you feel about your readiness for year end preparation?*Overwhelmed, I'm totally unpreparedAnxious, there's still so much to doConfident, I'm on track with preparationsThrilled, I'm completely ready for year endThis field is required.SegmentationHow many W2 Employees do you have?*01 - 1010 - 20Over 20This field is required.What is your Annual Revenue?*0-500K500K- 1 Mil1 Mil - 5 MilOver 5 MIlThis field is required.Final Details*One final step before we email you through your PDF report which includes: Your score... Your key areas of improvement Quick suggestions to improve each key areaYour personalised report will be emailed to you along with relevant tips supporting your score. View our Privacy Policy First * Last * * Phone Number * Business Name * This field is required.Identify the lowest topic numberDo not edit me. Showing the {N} lowest Key Areas of Improvement LOWEST(N) ~> LOWEST(2) HIGHEST(N) ~> HIGHEST(2) AND Check to is Total number of Highest / Lowest keys wanted to show on Appearance tab OR: use MIN / MAX and check to is Identify the lowest topic number on Appearance tab Topic 1 GapDo not edit me. Topic 2 GapDo not edit me.Topic 3 GapDo not edit me. Topic 4 GapDo not edit me. Topic 5 GapDo not edit me. Topic 6 GapDo not edit me.Topic 7 GapDo not edit me.Topic 8 GapDo not edit me.Topic 9 GapDo not edit me.Topic 10 GapDo not edit me.Topic 1 Yes Most ImportantDo not edit me Topic 2 Yes Most ImportantDo not edit me.Topic 3 Yes Most ImportantDo not edit me Topic 4 Yes Most ImportantDo not edit me Topic 5 Yes Most ImportantDo not edit me Topic 6 Yes Most ImportantDo not edit me.Topic 7 Yes Most ImportantDo not edit me.Topic 8 Yes Most ImportantDo not edit me.Topic 9 Yes Most ImportantDo not edit me.Topic 10 Yes Most ImportantDo not edit me.General Feedback text for Overall score of 0-33%From your self-identified score, it appears you are struggling or frustrated with most areas of your bookkeeping, and could really use some help.General Feedback text for Overall score of 34-66%From your self-identified score, it appears you are doing OK in most areas of your bookkeeping, but could still do with some improvement.General Feedback text for Overall score of 67-100%From your self-identified score, it appears you are doing really well in the majority of areas of your bookkeeping. Well done.Topic 1 Key Area of ImprovementChart of Account ReviewImportance: A well organized chart of accounts enables clearer financial analysis and reporting. Impact: Improper categorization can lead to inaccurate financial statements, affecting decision making and potential tax issues. Actionable Items:Regularly audit your accounts for accuracy and relevance.Remove or merge redundant and inactive accounts.Consult with a Bookkeeper for complex categorizations. Topic 2 Key Area of ImprovementTransaction ClassificationImportance: Correct classification ensures accurate financial reporting and tax calculations.Impact: Misclassification can lead to financial misstatements and potential tax issues. Actionable Items:Implement a doublecheck system for transaction entries.Train staff on the importance of accurate classification.Use accounting software with AI classification assistance such as QuickBooks Online. Topic 3 Key Area of ImprovementBank and Credit Card ReconciliationImportance: Ensures all transactions are accurately recorded and prevents fraud.Impact: Unreconciled items can lead to financial discrepancies and affect cash flow management. Actionable Items:Schedule regular reconciliation intervals (e.g., monthly).Use reconciliation tools in your accounting software.Investigate discrepancies immediately to correct errors. Topic 4 Key Area of ImprovementAccounts ReceivableImportance: Directly affects cash flow and the financial health of the business.Impact: Poor management can lead to cash shortages and reduced profitability.Actionable Items:Regularly review aging reports to follow up on overdue accounts.Implement a clear credit control policy.Use automated reminders for payments due. Topic 5 Key Area of ImprovementAccounts PayableImportance: Ensures timely payments to suppliers and maintains good relationships.Impact: Late payments can lead to penalties and strained supplier relations.Actionable Items: Establish a systematic payment process to avoid late payments. Regularly review all invoices for accuracy. Negotiate payment terms that favor your cash flow.Topic 6 Key Area of ImprovementTax Compliance and PlanningImportance: Essential for legal compliance and optimizing tax liabilities.Impact: Noncompliance can result in penalties and damage to business reputation.Actionable Items:Stay informed about tax law changes and their impact on your business.Implement strategic tax planning to minimize liabilities.Regularly consult with a tax professional to ensure compliance. Topic 7 Key Area of ImprovementFinancial ReportingImportance: Provides stakeholders with a clear picture of the company’s financial health.Impact: Inaccurate reports can lead to poor business decisions and loss of investor confidence.Actionable Items:Ensure timely preparation and review of financial statements.Implement internal controls to ensure accuracy and reliability.Train staff in financial literacy to understand and interpret reports.Topic 8 Key Area of ImprovementBudgeting and ForecastingImportance: Guides strategic planning and financial management.Impact: Poor budgeting can lead to financial mismanagement and operational inefficiencies.Actionable Items:Develop and regularly update detailed budgets and forecasts.Compare actual performance against forecasts to identify variances.Use software to aid in accurate and flexible budgeting and forecasting. Topic 9 Key Area of ImprovementCash Flow ManagementImportance: Essential for maintaining liquidity and operational viability.Impact: Poor management can lead to insolvency, even if the business is profitable.Actionable Items:Monitor cash flow projections closely and adjust operations as needed.Optimize accounts receivable and payable to maintain a healthy cash balance.Establish a cash reserve for unexpected expenses.Topic 10 Key Area of ImprovementYear End PreparationImportance: Crucial for closing the books accurately and starting the new fiscal year smoothly.Impact: Poor preparation can lead to errors in year-end financial statements.Actionable Items:Create a comprehensive year-end checklist and timeline.Reconcile all accounts and review year-end adjustments.Coordinate with your Bookkeeper & Accountant or auditor well in advance for a smooth close.Call to ActionIf you're dedicated to ensuring your bookkeeping is flawless, allowing you to accurately gauge your financial health and make informed decisions without the constant stress of financial management... I invite you to book a discovery call to explore our Bookkeeping Services. We'll discuss how we can streamline processes from Chart of Accounts Review to Year-end Preparation, ensuring compliance, efficiency, and peace of mind. Learn more about our tailored solutions, how they operate, our pricing, and the positive impact we can have on your business. The discovery call will last about 30 minutes, done via Zoom or TEAMS with Stacy Caslow (COO and Managing Partner). Click here to book your place right now.Topic 1 Detailed Text for 0-33%dTopic 1 Detailed Text for 34-66%dTopic 1 Detailed Text for 67-100%dTopic 2 Detailed Text for 0-33%Topic 2 Detailed Text for 34-66%Topic 2 Detailed Text for 67-100%Topic 3 Detailed Text for 0-33%dTopic 3 Detailed Text for 34-66%dTopic 3 Detailed Text for 67-100%dTopic 4 Detailed Text for 0-33%dTopic 4 Detailed Text for 34-66%dTopic 4 Detailed Text for 67-100%dTopic 5 Detailed Text for 0-33%dTopic 5 Detailed Text for 34-66%dTopic 5 Detailed Text for 67-100%dTopic 6 Detailed Text for 0-33%Topic 6 Detailed Text for 34-66%Topic 6 Detailed Text for 67-100%Topic 7 Detailed Text for 0-33%Topic 7 Detailed Text for 34-66%Topic 7 Detailed Text for 67-100%Topic 8 Detailed Text for 0-33%Topic 8 Detailed Text for 34-66%Topic 8 Detailed Text for 67-100%Topic 9 Detailed Text for 0-33%Topic 9 Detailed Text for 34-66%Topic 9 Detailed Text for 67-100%Topic 10 Detailed Text for 0-33%Topic 10 Detailed Text for 34-66%Topic 10 Detailed Text for 67-100%Topic 1 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic. Topic 2 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.Topic 3 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic. Topic 4 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic. Topic 5 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic. Topic 6 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.Topic 7 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.Topic 8 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.Topic 9 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.Topic 10 %Please only change (edit, add remove) the + part, with the XXX referring to each of the field IDs in the questions in this topic.TestimonialsTestimonial 1“We love having Julie with TruePath do our bookkeeping. Our company financial information is kept up to date and in a timely and accurate manner. When it's time to complete our tax returns, our financials are ready to upload to our CPA. Our information has never been this accurate and up to date! All thanks to Julie!“We Highly Recommend TruePath!-Stacey & Robin D.Testimonial 2“As a small business owner, TruePath has been instrumental in helping us manage our finances effectively. Their personalized approach is exactly what we needed.”-Alex J.Overall Total NumberAdd in ALL questions below. This will simply add up all questions and give a total number of points for all. Overall Current PercentageCreation note: Change "40" to the number of total points available in this quiz. E.g. Total of 6 questions is 4x6 = "24". Total of 8 questions is 4x8 = "32". etc All topics have 100% scored - MessageDont change Label Final score is LowDo not edit me. Final score is MediumDo not edit me. Final score is HighDo not edit me. Key Area(s) of Improvement TitlePhoneThis field is for validation purposes and should be left unchanged.