Profit First Business Strategy

January 9, 2020

Gross Profit and Real Revenue Difference

Ronald B. Allen

At Exigo Business Solutions we use Profit First for our clients so they get the best understanding of their business and this includes the difference between Gross Profit and Real Revenue.

August 14, 2019

6 Reasons to Outsource Plumbing Business

Your plumbing business is growing but profits are not going up like you expected. The answer is to get a handle on your finances by outsourcing your bookkeeping.

August 13, 2019

QuickBooks for Electrical Contractors

An electrical contracting business has lots of moving parts. The best way to keep track of costs and maximize profits is to use QuickBooks for your bookkeeping.

August 10, 2019

Profit Tips for an HVAC Business

You started an HVAC business to be your own boss and make more money. Here are some profit tips from Exigo Business Solutions to help make your dream come true.

August 8, 2019

Outsource Electrical Business Bookkeeping

A big help in running a business comes from your bookkeeping. But, to get this you may need to outsource your electrical business bookkeeping for better profits.

August 8, 2019

Gravity Software Services

Ronald B. Allen

When you have outgrown your current accounting software, have multiple business entities, or work in the tech sector where tracking expenses and billable hours can be a nightmare, we can help you customize Gravity Software to fit the needs of your business.

August 6, 2019

Marketing List Maintenance and Tune-ups

An important and too often forgotten part of reaching out to your customer base is marketing list maintenance and tune-ups. Routine updates are important.

August 2, 2019

Scalable Accounting Software

Your business has grown and you are starting to see the importance of scalable accounting software that integrates with your other business functions like CRM.

July 31, 2019

3 Ways to Build Profitable Electrical Business

Three ways to build a profitable electrical business start with outsourcing your bookkeeping to the top accounting firm in the Kansas City area.

July 31, 2019

When Your Electrical Business Show a Profit?

You set up your own electrical business in order to be your own boss and to make more money. How soon should your electrical business show a profit?

July 29, 2019

Make Your HVAC Business More Profitable?

You work long hours installing and maintaining heating, ventilation, and air conditioning systems. Now, how can you make your HVAC business more profitable?

July 26, 2019

Make Profit a Habit in Your HVAC Business?

How can you make profit a habit in your HVAC business? First of all, you need to outsource your bookkeeping to a Profit First bookkeeping professional.

July 19, 2019

Integrate Your CRM and Accounting Software?

Why integrate your CRM and accounting software? Business management software becomes more and more important to business success. Don’t build separate systems.

July 19, 2019

Ways to Make Your Business More Profitable

When plumbing business is not making a profit, talk to Exigo Business Solutions. We will show you the best ways to make your plumbing business more profitable.

April 12, 2019

Increase Your Electrical Contracting Profits

Ronald B. Allen

When you are working more for less, what can you do? Increase your electrical contracting profits by outsourcing your bookkeeping and using Profit First.

April 11, 2019

Are Your Profits in Focus?

Ronald B. Allen

When you are doing lots of business but not seeing more on the bottom line, ask yourself, are your profits in focus? Then consider converting to Profit First.

April 11, 2019

Profit First Vault Account

Ronald B. Allen

A penny saved is a penny earned and every dollar you move to a Vault account is safer from being spent unwisely. Put part of your profit allocation in Vault.

March 23, 2019

Profit First Method for Optometry

Ronald B. Allen

When starting any business, getting your financial system in order is important. The Profit First method for optometry practices is a solid way to go.

February 11, 2019

Important Factors for Small Business Success

Ronald B. Allen

Everyone who starts a small business wants to succeed. But what are the most important factors for small business success? How do you proceed?

February 11, 2019

Small Business Marketing Essentials

Ronald B. Allen

Marketing your small business these days may involve social media, email campaigns, and more but small business marketing essentials come first.

January 29, 2019

Use QuickBooks to Manage Your Inventory

Ronald B. Allen

You do not need to run short of any stock items or bear the cost of carrying too much when you use QuickBooks to manage your inventory in real time.

January 8, 2019

Update Your Business Plan for 2019

Ronald B. Allen

Resolve to update your business plan for the New Year. Using Liveplan will allow you to create an effective business plan and integrate it with your Quickbooks data.

January 5, 2019

Top Accounting Firm in the Kansas City Area

Ronald B. Allen

Exigo Business Solutions is the top accounting firm in the Kansas City area. Use our knowledge to gain actionable insights into your budgeting and cash flow.

January 4, 2019

Maximize Your Profit in 2019

Ronald B. Allen

Could your business have performed better in 2018? Take a look at the Profit First Method if you want to cut costs and maximize your profit in 2019.

December 31, 2018

Automate Your Billing and Payments with Bill.com

Ronald B. Allen

Don’t waste money on paper-based bill paying and invoicing. Integrate Bill.com with your QuickBooks Online for an efficient and automated solution.

December 27, 2018

Find the Hidden Costs in Your Small Business

Ronald B. Allen

Hidden costs are eating into your profits each and every month. Work with business intelligence tools like QuickBooks Online to ferret out and get rid of these costs that are dragging down your profits.

December 22, 2018

3 Good Ways to Increase Business Profits

Ronald B. Allen

If you would like to increase your business profits, here are five great systems to implement in your business to help you to achieve your goals.

December 17, 2018

Get Books in Shape and Maximize Your Profits

Ronald B. Allen

Here are some suggestions for how to get your books in shape, keep them in shape, and maximize your profits.

December 6, 2018

Professional Document Sharing with SmartVault

Ronald B. Allen

When you want to store documents or collaborate online, go with the professional grade document sharing solution, SmartVault.

November 3, 2018

Outsource Bookkeeping and It Can Pay Itself

Ronald B. Allen

Outsource Your Bookkeeping - use the Profit First system to manage your cash better and see your profits increase.

November 2, 2018

Take Profit First To Help Avoid Business Failure

Ronald B. Allen

No one wants their small business to fail or end up in bankruptcy. Protect yours by using the Profit First bookkeeping system.

October 31, 2018

Control Your Small Business Expenses

Ronald B. Allen

Too many small businesses have money coming in from sales but no real profit. However, a business that uses the Profit First method of bookkeeping will put aside profit on a regular basis and control expenses.

October 29, 2018

Bookkeeping For Your Business Decisions

Ronald B. Allen

Don't let Parkinson's Law eat up all your profits. Learn about the Proft First approach to bookkeeping and how the Certified Profit Professionals at Exigo Business can help you put this system into place and help you drive your profits to success.

October 25, 2018

Spotlight Reports Make Informed Decisions

Ronald B. Allen

Too many small business owners only glance at their financial reports to see if there is a profit on the bottom line. But, the purpose of a good report is to provide insights into the financial operation of the business with actionable details.

October 25, 2018

Outsource Bookkeeping For A More Profitable

Ronald B. Allen

When Exigo Business Solutions talks to any business owner about taking over their bookkeeping, there is one recurring question...

September 17, 2018

Use Bookkeeping to Drive Your Business Decisions

Ronald B. Allen

In any business, it is important that the bookkeeping is up to date and accurate. And, equally important for the success of a business, the bookkeeping needs to show a clear picture of all cash flow, assets, and liabilities.

September 12, 2018

Grow Your Small Business Bottom Line First

Ronald B. Allen

There is a bookkeeping method that always allocates money for profit, from the very first transaction. You can grow your small business bottom line first instead of hoping for one with Profit First.

September 12, 2018

Use QuickBooks to Budget and Take Profit First!

Ronald B. Allen

The Profit First bookkeeping system is an innovative way to manage business finances while QuickBooks provides the bookkeeping tools.

September 7, 2018

When To Implement Profit First in a New Startup

Ronald B. Allen

Brand new business, fairly new business, or established business. It doesn't matter what phase your business is in, Profit First can and WILL help you form financial habits that force your profit to rise and your business succeed!

September 6, 2018

Make Smart Decisions by Taking Your Profit First

Ronald B. Allen

When the hidden financial details of your business are dragging down profits, use the Profit First bookkeeping system and get a handle on expenses.

August 15, 2018

Profit, Owner's Compensation, & Tax Allocation

Ronald B. Allen

Learn the reasoning behind why Profit First Cash Management System requires a Profit account, Owner's Compensation account, and Tax allocation account as three separate accounts and not combined into one!

August 13, 2018

What To Know About Your Profit First Tax Account

Learn about your Profit First Tax account. Why you should still reserve such a high percentage in the tax account even if taxes are deducted out of your pay.

August 9, 2018

Pay off multiple loans using the Profit First

Ronald B. Allen

Learn how to chip away at your debt when using the Profit First method. See why its still important to take your profit first even when you have debt to pay off.

August 8, 2018

The Best Bank for your Profit First Accounts

Ronald B. Allen

Discover which banks are the most flexible in terms of creating multiple accounts without charging fees when using the Profit First method.

August 7, 2018

Profit First: Managing Deposits from Total Income

Ronald B. Allen

Learn how to manage your deposits from total income when working with real revenue in the Profit First method.

August 1, 2018

A Business determining its Real Revenue

Ronald B. Allen

Read and understand an example of Real Revenue being used in a business to get a better idea of what it is and why it is so important in the Profit First method.

July 30, 2018

Profit First: What Does "Real Revenue" Mean?

Ronald B. Allen

Learn what Real Revenue is and why your company will benefit when you analyze and base your spending off that number.

July 20, 2018

Profit First: 10/25 Allocations

Ronald B. Allen

People often ask if they are allowed to change the dates of allocation when using the Profit First method. Learn the reason behind the 10/25 rule in Profit First here!

July 18, 2018

Is Profit First Really Worth the Effort?

Ronald B. Allen

As soon as people hear about the different accounts needed to follow the Profit First Method, they begin to assume it's not worth the time it will take to do the bookkeeping. Let us explain why it is important and TOTALLY worth it.

July 3, 2018

Should Your Accounts be Checking or Savings?

Ronald B. Allen

Learn what accounts are needed when using the Profit First method. Also find out which of those accounts should be a savings and which should be a checking. Set up your accounts now and start maximizing your profits!

How Does Profit First Help Your Business?

Ronald B. Allen

The Profit First method will help your business in two ways. It will allocate profit to bank accounts twice a month and put you in control of your finances.

What Is a Profit First Professional?

Ronald B. Allen

A Profit First Professional is a highly trained and certified accountant, bookkeeper, or business coach who is dedicated to maximizing your business profits.

Why Need an Owner’s Pay and Profit Account

Ronald B. Allen

Many small business owners take distributions on a monthly or even quarterly basis. So, why have a profit or owner’s pay account?

Vendors Doing Profit First Allocations

Ronald B. Allen

If you want to maintain good business relationships you need to pay your vendors on time. Profit First does this by paying vendors on the 10th and 25th

Profit First Sales Tax Account

Ronald B. Allen

When you collect sales tax on sales made, you are acting as an agent of the government. You need to set aside that money in your Profit First sales tax account.

Is a Tax Account Still Necessary with an S-Corp?

Ronald B. Allen

Here is some useful information about small business corporations (S-corps) and how taxes are allocated in the Profit First method.

Why Profit First Moves Money Twice

Ronald B. Allen

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.

Reasoning of 15% Tax in Profit First Method

Ronald B. Allen

The reasoning behind the 15% tax allocation in the Profit First method is to have enough money available for both business and personal taxes.

Real Revenue and How It Is Used

Ronald B. Allen

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.

Choosing Days to Allocate Funds

Ronald B. Allen

Profit First bank allocations are best done on the tenth and twenty-fifth for efficiency and to gain insight into your finances.

Reserving High Percentages for the Tax Account

Ronald B. Allen

Profit First has all sorts of ways to make you feel good about your job, your business, and the way forward, like getting reimbursed for your taxes.

What Businesses Need to Use Real Revenue

Ronald B. Allen

Get your financial house in order with Profit First and the Real Revenue concept for businesses with subcontractors and material costs.

Difference Between Total Income and Real Revenue

Ronald B. Allen

It is important for a business owner to accurately know the size of his business. Real Revenue is a calculation which does just that.

Maximize Your Profit in 2020

Ronald B. Allen

Take a look at the Profit First Method if you want to cut costs and maximize your profit in 2020.

4 Tips to Make Your HVAC Business Profitable from the Start

Ronald B. Allen

Follow our 4 tips to make your HVAC business profitable from the start. Begin by outsourcing your bookkeeping to someone who uses the Profit First method.