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Is Profit First Really Worth the Effort?

July 18, 2018

Is Profit First Really Worth the Effort?

I know what your thinking! More bank accounts will result in A LOT more bookkeeping work. Is Profit First really worth the effort?

Profit First is absolutely worth the effort!

The
additional bookkeeping time required to manage and reconcile multiple accounts
for Profit First is negligible, and possibly even more efficient than using
just one account.  With Profit First, you simply need to reconcile the
deposits and periodic transfers from the Income account. All expenses and
payments come from the Operating Expense account. All the other accounts are typically a
single transfer in on the 10th and another on the 25th, and a single transfer
out at those times.

The
additional accounts are easy to manage and reconcile. More importantly, the
Profit First benefits of instantly knowing what money is allocated to what
purpose will have profound effects on the financial health of your business.

Want to learn more about how Profit First will maximize your profits? Click Here to get the first 2 Chapters of the book Profit First for FREE. Provide your name and email and get the first 5 chapters for FREE!

Still afraid you won't have the time with the thousand other  tasks you need to preform to run your business? We can help! With a team of Profit First Professionals and Advanced Certified QuickBooks ProAdvisors, Exigo provides Profit First methods, experience, knowledge and consistency to your accounting and bookkeeping! Focus on the part of your business you love and let us take care of the books! Schedule an appointment today to start maximizing your profits!

 Click Here to get the first 2 Chapters of the book Profit First for FREE. Provide your name and email and get the first 5 chapters for FREE!

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Profit First Strategies helps business owners experience profit.

Profit First Strategies

Profit First is a system that helps you produce profits in your business the first month and always. Using this approach to running a small business you can make profit a habit and not a remote possibility. The Profit First approach starts by rewriting the usual bookkeeping formula so that profit is taken and put in the bank with every bookkeeping cycle. The system follows through by instilling discipline in your budgeting and cash flow management. Read our articles to learn the basics of Profit First and Profit First Strategies that you can use this approach to make you business more successful and your business life more efficient and easier.
Profit First helps you experience profit.

Ronald B. Allen
CEO, Profit First Professional, Fix This Next Founding Advisor
Principle of an accounting firm that’s committed to educating business owners on their financial health, providing a trans-formative strategy and helping them experience their profit!