March 31, 2020

Is Profit First Really Worth the Effort?

Profit First Methodology
Ronald B. Allen

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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