Real Revenue and How It Is Used?
Real revenue is a bookkeeping category used in businesses that have subcontractor and materials expenses. It gives the owner a clearer picture of the size and shape of his business.
Why Profit First Moves Money Twice?
Because Profit First understands human nature is why profit first moves money twice and addresses the negative effects on your business of Parkinson’s Law.
What Debts Should Be Paid Off First?
How do you deal with debts in a small business? A question that is frequently asked by new Profit First users is this, what debts should be paid off first? Here's the answer!
How do I pay multiple forms of loans and debt?
When paying off multiple debts, stay with the Profit First approach and always allocate money to profit. Delegate your money to certain loans in order to get them paid off quicker while still making a profit in your business.
Is Profit First Really Worth It?
The additional time required to reconcile accounts in the Profit First Methodology is negligible. In fact, in many ways, this approach is more efficient than using one bank account.