How Often Should You Review Your Financials?

Your financial statements aren’t just for tax season—they’re tools for running a better business. But how often should you actually be reviewing them?

At MCAC, we help Alaskan business owners find the right reporting rhythm for their size, goals, and growth. Here’s how often you should check your books—and what to look for each time.

📅 Weekly: Track Cash Flow and Outstanding Invoices

Staying on top of cash flow helps avoid shortfalls and late payments. Set aside time each week to follow up on receivables, pay urgent bills, and monitor your bank balance.

📅 Monthly: Reconcile Accounts and Review Financial Reports

Each month, reconcile your bank and credit card statements, review your Profit & Loss and Balance Sheet, and check for any discrepancies or unexpected trends.

📅 Quarterly: Evaluate Business Health and Make Adjustments

Quarterly reviews are great for strategic thinking. Compare progress to goals, assess profitability, and consider pricing, hiring, or spending changes.

📅 Annually: Plan for Growth and Meet with Advisors

Your year-end financial review is key for tax strategy, business valuation, and goal setting. It’s also the ideal time to meet with your CPA and make long-term plans.

🔄 Adjust Based on Your Business Size

Startups may need more frequent check-ins, while stable businesses can move to monthly or quarterly routines. The most important thing is consistency.

When you review your numbers regularly, you stop guessing—and start leading. Whether you need help creating reports or interpreting them, MCAC is here to support your growth.

📞 Let’s build a reporting schedule that works for your business.