Financial management self-assessment questionnaire鈥攍aw firms


Published by a 老司机午夜福利 Practice Compliance expert
Precedents

Financial management self-assessment questionnaire鈥攍aw firms


Published by a 老司机午夜福利 Practice Compliance expert

Precedents
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Good behaviour or practice
鈽 You do not make payments to partners irrespective of cash in the bank
鈽 You reserve some of your net profits each year (ie you do not draw all net profits)
鈽 You are building up your cash reserves
鈽 You do not use short-term borrowings to fund partners' tax
鈽 You do not use VAT received as cash received
鈽 Your partners have a good grasp of office account bank balances, eg they receive copy bank statements on a regular basis
鈽 You do not depend heavily on high overdraft borrowings
鈽 Your partners鈥 capital injection
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