Determine your financial position

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Disaster recovery toolkit


Once you have reconstructed and reviewed your financial statements, we suggest that you determine the financial position of your business. This is important as:

  • there may be substantial outgoings to pay before you can restart, therefore you will need to assess how to fund these outgoings and whether you can afford it
  • there may be a significant period before you can restart trading and therefore you may have to rely on existing sources of cash until that time
  • it can assist in determining insurance claims, such as business interruption insurance
  • it will be a key factor in determining which direction you can take your business in the future.

State of business finances checklist (PDF, see page 10)