Developed by Chief Financial Officer on the go, co. Not to be used without our permission.   Find us at www.cfosonthego.net or 800-659-5851
	How healthy is your company?
	Please answer the following questions honestly. This quiz is for your benefit and for
	your company's future. These questions come from many sources and from our experience
	with hundreds of companies that we have worked with.
	Reasons why contractors fail:		Organizations most likely to fail:
	- Uncontrolled or mismanaged growth		- Service-oriented industries
	- Lack of timely and accurate financial information		- Rapidly growing companies
	- Cash flow challenges		- Highly-leveraged companies
	- Communication breakdown		- Family-owned businesses
	- Lack of early problem detection		- Companies lacking a proprietary product
	- Lack of focus
	There is no magic score	TOTAL
	Over 225 your company is in good shape
	Under 150 you should are serious trouble or heading towards it
	Are you in between? Then you should consider using a professional to help you.
						USE the TAB Key
	General Business questions	1	2	3	4	5	Score
1	Do you prepare a journal entry to record over/under billings every	Annually		Quarterly		Monthly
2	Depreciation entry is recorded	Annually		Quarterly		Monthly
3	You are only using X% of your credit line	>90%	>75%	>50%	<50%	<25%
4	Do you prepare an annual budget	No				Yes
5	You have more than 25% of your revenue from one client	Yes				No
6	Your current software version is  X years old	>5	>4	>3	>2	<2
		years old	years old	years old	years old	years old
7	You provide education and training for your professional employees	< $100 per	< $500	< $1,000	> $1,000	> $2,500
		employee	employee	employee	employee	employee
8	Are you using an integrated software solution?	No				Yes
	For question 9-23, please think about the last 3-6 months
9	Is your available cash decreasing	Yes				No
10	Cost in excess of billings is greater than 150% of billings in excess	Yes				No
11	Have you booked change orders without proper approvals	Yes				No
12	Are 25% of your accounts payable over 120 days	Yes				No
13	Are gross margins decreasing while the backlog of work is increasing	Yes				No
14	Are you able to forecast job status at 20% complete	No				Yes
15	Have you been late in reporting financial statements to the bank, suppliers or sureties	Yes				No
16	Declining revenues per employee	Yes				No
17	Large quantities of claims	Yes				No
18	Have you "re-aged" your accounts receivable	Yes				No
19	Shifted costs from one job to another	Yes				No
20	Are you able to identify committed costs on a project or do you have to wait for a	No				Yes
	vendors invoice
	Have you said one of the following:
21	Our economy is slow	Yes				No
22	Our bank refused to extend additional credit	Yes				No
23	Our competitors are bidding too low	Yes				No
	Accounts Payable
24	Invoices compared to receiving documents	No				Yes
25	Check signers review invoices for proper account codes	No				Yes
26	Invoices are marked paid	No				Yes
27	Computer system checks for duplicate invoice numbers	No				Yes
28	Bank reconciliations done timely (within two weeks of receiving statements)	No				Yes
29	Purchase orders are used for all purchases greater than $2,500	No				Yes
	Accounts Receivable
30	Billing reviewed by supervisor	No				Yes
31	Aging is reviewed by management	Randomly		Monthly	Weekly	Daily
32	Management reviews percent-of completion billed	No				Yes
33	Receptionist scheduled receipts	No				Yes
34	Controller tests bank deposits	No				Yes
35	Credit policy is in place	No				Yes
	Payroll
36	Timecards are reviewed by supervisor	No				Yes
37	Check signers review payroll distribution	No				Yes
38	Controller accounts for check sequence used	No				Yes
39	Job cost reviewed during billing	No				Yes
40	Bank reconciliation done timely	No				Yes
	Job Costing
	Only applicable to jobs that represent 5% of total sales
	Example Jobs in excess of $50,000 for every million dollars in annual revenue
41	Estimates reviewed by someone other then the estimate preparer	No				Yes
42	Competitive bids are documented for major subcontract items/materials	No				Yes
43	Budgets are entered in accounting at the cost code level	No				Yes
44	Job cost reports are reviewed by accounting	Randomly	Quarterly	Monthly	Weekly	Daily
45	Job cost reports are reviewed by management	Randomly	Quarterly	Monthly	Weekly	Daily
46	Cost to complete projections are prepared and reviewed by management	No				Yes
47	Budgets are given to field supervisors	No				Yes
48	Do you track your suppliers and subcontractors insurance certificates	No				Yes
49	Do you have referral business from your current clients	No				Yes
50	Are you still relying  on spreadsheets to manage your business	Yes				No
					TOTAL
	If you want to know why we think a question is important or want to ask us a quick
	question email us at dennisf@cfosonthego.net. Our company was formed to help contractors
	succeed and grow using our experiences managing the finances and strategic issues of large
	construction organizations. You are invited contact us at any time.