Give Yourself Some Credit
Some things are just better together, like peanut butter and jelly and ecommerce businesses and credit cards. In today’s financial world, little plastic cards have become the #1 tool, especially in ecommerce businesses. So, it makes sense that the first question I get when talking about Profit First is, “Can I still use my credit […]
Rounding Up a Relay Webinar
We have decided to round out our March Relay Blog Series with a Relay Webinar at the end of the month! So, mark your calendars for March 29th at 12pm CST because the awesome team at Relay is going to join bookskeep for a great webinar to discuss why this online banking platform is a […]
January Tax Warm-Ups
January is the time to think taxes. Of course, you have until March or April to file income taxes depending on the business entity type, but you may also have some obligations in January. If you have employees or if you paid contractors, you have deadlines of January 31, 2023. Let’s make sure you have a […]
Profit First Can Save You from Parkinson’s Law
Proper allocation of funds and expenses is a vital aspect of business ownership. Establishing a reliable system ensures regular commitment and reduces time investment. On the other hand, improvising each month leaves you at the mercy of Parkinson’s Law, relinquishing control over both your time and money. Even if you’ve only been around for a […]
Top 4 Profit First Bank Accounts and Why You Need Them
When implementing the Profit First methodology in your business, one of the first things you learn is the importance of setting up different bank accounts for different purposes. In Profit First for ecommerce, that first account should be for inventory activity. Once you have separated your inventory banking activity from your operating expenses, you’re ready […]
