Profit First is absolutely worth the effort!
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.
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.
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!