You run a consulting business. You have 3 service lines: - Strategy consulting - Implementation - Training workshops Which one is most profitable? If you can't answer that, you're leaving money on the table. Let's talk about QuickBooks Class Tracking Classes let you tag income and expenses by category (service line, location, project, etc.) Then you can run a Profit & Loss by Class and see: - Which service makes the most money - Which service costs the most to deliver - Which service has the best margins Real example: A client was shocked to learn their "signature offer" was barely breaking even after accounting for delivery costs. Their "quick win" offer? 3x more profitable. They shifted their marketing focus and increased profit by 40%. This works for: - Multiple service lines - Multiple locations - Real estate investors (income per property) - Agencies (profit per client type) If you're using QuickBooks and NOT using class tracking, start today to track your profitability. Questions? Ask below 👇🏾

You made $10K last month. But your bank account only went up $2K. Where did the other $8K go? If you can't answer that question in 30 seconds, your QuickBooks categories are a mess. Here's what's usually broken: Problem 1: Everything is "Business Expense" You need specific categories: Marketing, Software, Contractors, Supplies. Generic categories give you no insights. Problem 2: Personal expenses mixed with business This kills your ability to see actual business cash flow. Use separate accounts or mark personal spending as "Owner's Draw." Problem 3: Transfers categorized as expenses Moving money from checking to savings isn't an expense. This inflates your expense totals and confuses your reports. The fix: Run your Profit & Loss report in QuickBooks. Look at your expense categories. Do they tell you a clear story of where money is going? If not, it's time to clean them up. Clean categories = cash flow clarity. Need help setting this up? Reply "CATEGORIES," and I'll send you my Chart of Accounts template.

This should take less than 30 minutes to complete. Hello Skip is not opposed to AI assisting you with writing your answers, but obviously you need to know your business well enough for it to help you. Put your AI assistant to work! 😂 Apply now, 30 minutes of your time, could potentially bring in $10K to move your business forward! https://tryskip.co/s/f8f9978fc719 FYI, don’t forget you can use these grants to pay you a salary as well as pay payroll. Grants are not strictly for operational cost😉

Since you're early and we're still waiting for the rest of our friends to show up, let's get to know each other! Comment below sharing your favorite movie, book, or travel destination! Don't be a gatekeeper - the more people we have in here, the more fun it'll be! After you post, invite 7 of your business friends to join us. It's FREE for the first 1000 members because you're getting the Founder's Discount! 💪"

Hey Cash Flow Confident Community, I apologize for getting this discussion to you so late. Between waiting for my mic to arrive and me feeling under “the weather “. It is done,lol Here is the link: https://drive.google.com/file/d/1XX2c852sEBC9XCqJ295J0M1rvYdsClFU/view?usp=drivesdk Action Steps Mentioned: Action Step 1: Get Honest About Your Numbers Calculate what percentage of your revenue you actually took as profit last year. Be honest. Also look at what you're paying yourself consistently. Is it enough? Is it consistent? Or are you just taking "whatever's left" sporadically? Action Step 2: Change Your Mindset Write this down somewhere you'll see it: "Profit is not something I hope for. It's something I decide." Action Step 3: Commit to Starting Small Even if you can only allocate one percent to profit right now, that's infinitely better than zero percent. Action Step 4: Prepare for Implementation In our next session, we're going to start setting up the actual system. So start thinking about your bank situation. You'll need to open some additional accounts.