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The Monthly Finance Review

Finance
June 16, 2025•2 min read


The power of a monthly finance review is one of the most underrated and under-discussed tools in business. It’s a simple habit that can make a huge difference to your financial clarity and decision-making.

But what does a monthly finance review actually involve? Well, here are some key things that I would include on my agenda:

1. Review actual performance:

  • Last month

  • Last quarter

  • Year-to-date.

Consider:

  • Are you on track to hit your sales targets?

  • Is your profit where you expected it to be?

  • Focus on key areas like sales, labour, and expenses.

2. Check in on debtors and creditors:

  • Make sure both of these areas are under control.

  • Are customers paying on time?

  • Are you managing your supplier payments effectively?

  • Create actions around any target areas.

3. Review Your forecast:

  • Is it still accurate based on where you are now?

  • Do you need to make any adjustments?

  • Consider what actions are needed to achieve or exceed your plan.

4. Review cash flow:

  • How much cash coverage do you have?

  • Is outstanding debt having an impact on your cash position?

  • What big expenditure do you have coming up that you need to be mindful of?

5. Review your tax position:

  • This feeds your cash flow. Are there actions you can take now to save for tax or reduce your liability?

6. Review your risk register:

  • Does anything need updating or changing?

  • Do your current mitigations still fit?

Following these six steps as part of a monthly finance review will help you build a more resilient, grown-up business and ensure your business has less growing pains along the way because you are on it.

Need help planning and running your monthly finance meetings?

We can support you with structure, insights, and accountability to make sure your numbers are working for you, not against you.

Get in touch to find out how we can help.

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