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Your AI readiness score
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Want to cut down on financial admin and save more time? Take this quiz to see how ready you are to take the next step with AI in accounting. You’ll get personalised scores for your current knowledge level, processes, and data set-up, along with tailored learning resources to help you progress.
I don't have savings or other income available to fund this idea
I know how much money I need to get up and running, but I don't have it yet
I have savings but I’m not sure how much I’ll need
I know how long I can cover my living expenses without making a profit
Question 1 of 15
I’ve heard the term but don’t know much about it
I know the basics but not how it applies to my business
I understand AI and have looked into some tools
I regularly research or use AI tools in my work
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I don’t use any financial technology tools
I use basic tools (e.g., online banking, spreadsheets)
I use cloud accounting or financial management software
I experiment with or actively use AI-driven financial tools
Question 2 of 15
No, I don’t know any
I know a few examples but not in detail
I know several and could explain them to others
I already use AI for specific financial tasks
I could rely on family and friends
I'm eligible for government grants or loan schemes
I don't know where I could get funds
A lender has approved my business plan
Question 3 of 15
Never
Rarely, only if absolutely necessary
Sometimes, when I hear of a good recommendation
Regularly, I actively seek out new solutions
I’ve got a great idea and think it might make some money
I have a detailed plan for my first year with financial goals and strategic objectives
I have financial goals and strategic objectives for year 1 and forecasts for years 2 and 3
I’ve got a great idea and I know my market, pricing and production costs
Question 4 of 15
I don’t trust them at all
I’m unsure and need more information
I trust them with oversight
I know how they store and protect data, so I trust them and use them confidently
I value my own time, know how to manage it and always nail tasks on time
I use tools to plan my day, week and month and usually nail tasks on time
I often feel rushed and rarely find the time to boss tasks as I’d like
I often feel busy, but usually manage to nail tasks on time
Question 5 of 15
Very unstructured, done ad hoc
Somewhat structured but inconsistent
Mostly structured, with standard routines
Fully structured and standardized
I haven't thought about it
I've tested a system or software for managing orders
I plan to use a simple spreadsheet
I know there’s software to help me manage orders, but I'm not sure which kind to choose
Question 6 of 15
Completely manually each month
Manually, but with some reusable templates or systems
Using digital tools that reduce manual effort
Largely automated through software or integrations
I know what's required and where to find support if needed
I know the tax and regulatory obligations required by law
I know this is something I need to consider, but I need to do more research
I have no idea where to start or where to find this sort of information
Question 7 of 15
Very difficult, it requires a lot of manual effort
Possible, but it takes significant time
Relatively easy with my current system
Very easy, reports are automated
I haven’t thought about it
I know I'll have to give up my time but I'm not sure how much
I have a plan to minimise any sacrifices
I'm ready to accept all necessary sacrifices or risks
Question 8 of 15
No clear process, it varies on the person doing it
General steps exist, but they’re not well-documented
Well-documented and generally followed
Highly structured, optimized, and integrated with tools
I have a clear mission and good habits for motivation, focus and productivity
I believe in my idea but I don’t feel prepared or confident enough
I'm fairly risk averse and tend to think about what could go wrong
I'm optimistic and I believe in my idea
Question 9 of 15
Not open, I prefer the way things are
Cautiously open, but I have some concerns
Open to change if benefits are clear
Very open, I actively look for process improvements
Question 10 of 15
Mostly paper-based
A mix of paper and digital records
Mostly digital, but not well organized
Fully digital and well organized
Question 11 of 15
Rarely accurate or current
Somewhat accurate, but often behind schedule
Usually accurate and up to date
Always accurate and updated in real-time
Question 12 of 15
Completely spread across different places
Somewhat centralized, but gaps remain
Mostly centralized in one primary system
Fully centralized, integrated, and consistent
Question 13 of 15
Very difficult, requires searching through files
Somewhat difficult, takes time to gather
Fairly easy, most data is in one place
Very easy, instantly accessible in digital systems
Question 14 of 15
No, everything is manual
Partially, with some basic digital assistance
Yes, regularly for most transactions
Yes, fully automated with minimal manual work
Question 15 of 15
You’re well prepared to adopt AI tools. Your next move is to identify the highest-impact opportunities - such as automated forecasting, cashflow analysis, or AI-driven reporting.
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You’re at the beginning of your AI journey. Focus first on learning more about AI in finance by reading beginner-friendly guides, attending webinars, or exploring free demos of tools.
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Technical resources:
AI process resources:
Your financial workflows aren’t set up for AI yet. Start by mapping out and standardizing your processes. Even simple documentation, such as invoicing steps, will make automation easier later.
Data resources:
Your data is not yet ready for AI. Prioritize digitizing your records and moving away from paper. Accurate, organized data is the foundation for AI-driven finance.
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Mindset resources:
It’s also vital to be honest with yourself: is this what you really want, and are you ready to put the hours in? Here's what you need to be thinking about.
Know-how resources:
Before you’re chilling on your superyacht, you need to learn about the less glamorous (but essential) admin side of running a company. Read on.
Funding resources:
You’ll have to get to grips with small business finance, and save some start-up capital. Learn more about the money side of business here.
Government grants for small businesses: Grant and loan support to help your business
How to start a business with no money
How to write a business plan
Hate bookkeeping? These 6 tips will make it pain-free
A guide on transforming the productivity of your business
7 tips to help you make sure tax isn’t taxing for your business
How to start a side hustle… and make it successful
Directory of resources for small business owners
Entrepreneurs' top tips for starting a business
You’re just getting started in using AI for financial management. Focus on the basics: digitize your data, standardize processes, and build up confidence with technology
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You have some familiarity, but you’ll need more hands-on exposure. Start by trialling one AI-enabled finance tool, such as invoice scanning or expense tracking.
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You’re already confident with technology and AI. Your next step is to deepen your expertise by experimenting with more advanced AI solutions or integrating them across multiple financial functions.
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Your processes are in good shape for AI adoption. You can focus on optimization by integrating systems to reduce manual work and connecting AI tools directly into your financial operations.
You have some structure, but there’s room for improvement. Look for small wins, automate recurring tasks like invoice reminders and gradually upgrade to more connected workflows.
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Your financial data is clean, digital, and accessible. You’re well positioned to leverage AI tools that depend on reliable, real-time information.
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You have some digital records, but gaps remain. Work on centralizing your data in one system and keeping it consistently updated.
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You have some structure, but there’s room for improvement. Look for small wins, automate recurring tasks like invoice reminders and gradually upgrade to more connected workflows
Your financial data is clean, digital, and accessible. You’re well positioned to leverage AI tools that depend on reliable, real-time information
