Think bookkeeping is just about tracking receipts? Think again.
Your numbers tell a story — one about how your business earns, spends, and grows. If you’re not reading that story, you might be missing opportunities or quietly losing money.
At AZON Bookkeeping Services Inc., we help small business owners uncover the insights hidden in their financial data. To start, here are 10 bookkeeping questions every entrepreneur should be able to answer.
If you can’t answer most of these right now, it’s time to tighten things up — or bring in professional help.
1. What’s your current monthly revenue?
It sounds simple, but many business owners don’t actually know their real monthly revenue. If you’re guessing, your growth plan is already on shaky ground.
2. How much are you spending each month?
Your expenses go beyond rent and salaries. Subscriptions, tools, one-time costs, and “small” purchases can quickly add up — eating into your profits.
3. How much runway do you have?
Your runway measures how long your business can operate before running out of cash. It’s essential for planning, funding, and peace of mind.
4. Are your books up to date?
If you’re still reconciling last quarter, you’re making decisions based on outdated data. Real-time bookkeeping gives you real-time clarity — the kind every business owner needs.
5. How much do clients owe you right now?
Outstanding invoices mean tied-up cash flow. Keep a close eye on accounts receivable so you’re not waiting months to get paid.
6. Are you setting aside money for taxes?
Taxes shouldn’t be a surprise. Building tax planning into your monthly budget prevents painful surprises — and keeps your business compliant.
7. Is your business profitable?
Revenue is not profit — and profit is not cash. Understanding the difference between revenue, profit, and cash flow is critical to running a sustainable business.
8. What’s your gross vs. net profit margin?
Healthy profit margins tell you whether you’re pricing correctly, managing costs efficiently, and running a scalable operation.
9. Do you know your top 3 expense categories?
If you can’t identify where most of your money goes, you might be overspending without realizing it. Tracking expense categories helps you find — and fix — financial leaks.
10. Do you have a system for keeping everything organized?
Even a simple, consistent bookkeeping system makes a huge difference. Organization saves time, reduces stress, and simplifies tax season.
If you hesitated on any of these questions…
You’re not alone. Most entrepreneurs start out winging it — but as your business grows, “winging it” stops working.
That’s where AZON Bookkeeping Services Inc. comes in.
We help Canadian entrepreneurs gain control, clarity, and confidence in their finances — without the jargon or overwhelm.
📊 Let’s make sure you can answer all 10 questions with confidence.
👉 Book your free consultation today and take the guesswork out of your business finances.
