Profit First works by applying Parkinson’s Law (behavioral psychology). This theory presumes that we learn to spend less on expenses and resources, when we reduce the money available for them. The Generally Accepted Accounting Principles (GAAP) of profits equal revenue minus expenses is turned around by the Profit First method:
A savings account to accumulate profits.
An account allocated for payment of your salary.
An account used for payment of taxes.
An account used for payment of day-to-day operating expenses.
Download the first 5 chapters of Profit First, written by award winning, best-selling author, Mike Michalowicz as our gift to help you on you new and profitable journey to managing your business’ finances. The Profit First method won’t turn you into an accountant, but transforms the way you view your finances and how you control money in and out of your business, ensuring you always get paid first.
It was a great call today. I am so excited about Profit First. This is one of the best things that I have done. I'm getting so much of a better understanding of my business! While I have been working on my business in other ways, I think this is the final and one of the most important steps of working on my business and not in my business.
Jerry has been wonderful to work with in the past couple years. He is an excellent team member, very communicative and extremely knowledgeable. I will miss him!
Jerry is a wonderful person to work with. He is hard working, organized, smart , efficient , and has a good sense of humor! We will miss him.
Angie Noll is worth her weight in gold to my company. Beyond having the necessary skills and knowledge, she is a good systems thinker, hyper-organized, forward-thinking, and strategic. She’s great at following up, pursuing you like Ahab chasing the whale if she doesn’t get your financial information on time, but always with a good attitude. Keep her close to count your numbers..
Angie has helped our new business tremendously. She is patient, organized and always there to answer questions. We highly recommend Angie!
Angie, thanks to you, I had a relatively easy tax filing year. I also had my first Stripe CC payment this year and your instructions for logging the payment were perfect. Keep up the great work.
As a business owner in a creative industry I struggle to keep track of money matters and organization. Angie is an Angel! She reminds me of upcoming deadlines and helps me organize and prioritize.
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Expense Reporting and Reimbursements
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Small Business Funding
Integrated Customer Relationship Management
Document Fetching and Sync with Accounting
Inventory, Order Management, and Manufacturing