Profit First Accounting

🌟 Ever wondered what sets us apart from other accounting firms? Well, here's the scoop: Vanessa, our visionary leader, is a certified Profit First Master, and it's not just a title – it's a game-changer!

🏭 Profit First Across Industries:
We've successfully implemented Profit First in Manufacturing, Trades, IT, Retail, Professional Services, and Construction. The methodology works wonders, and we're ready to tailor it to your business.

💼 Beyond Compliance Accounting:
We're not your typical "Compliance Accounting" firm. We go beyond the numbers and dive into Profit First Methodology. We don't take on compliance work unless it aligns with this transformative approach.

🚀 Your Path to Clarity and Profitability:
Our mission? To join forces with you on a regular basis, providing the insights of having an accountant by your side without the hefty in-house costs. We specialise in Profit First, and we're proud to be one of the few firms certified in Australia.

🔍 Our Unique Process:
From Zoom meetings to tailored engagement letters, we customise our services to your needs and budget. Whether it's Profit First implementation, data file checks, or compliance work, we've got you covered.

💡 Guidance Every Step of the Way:
Transitioning to Profit First? We're here to guide you through the rocky waves, ensuring a seamless shift in the way you manage your business.

Ready for financial clarity and profitability? Let's embark on this journey together! 💼

Get started: https://bit.ly/3T8DcjJ

🏦 📑 Profit First Accounting & Coaching provide a wide range of bookkeeping services, including data entry, payables and receivables, invoicing, filing, payroll, debt collection, bank reconciliation, BAS statements, cash flow management, reporting, superannuation, ATO compliance, budgets, and Hubdoc. 🔗📈💡

If you want to make profit from every dollar that hits your bank account, pay yourself what you are worth as a business owner, and you want to stop your business from haemorrhaging cash, Profit First Methodology would be your best tool! Get in touch with us today, and we can get you started with Profit First. It really will change your life. 🙋💰

👥📲 Head to our website to learn more: https://bit.ly/46W3FVO

🌟 Thank you so much Alec! It was a pleasure working with you.

If you want to be as satisfied as Alec, get in touch with us today! Head to our website below! 💻💡

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https://bit.ly/46ZlEe6

Unveiling Our New Resource: Profit First FAQs! 🔍

Curious about Profit First and how it can transform your business? Look no further! Our newly launched 'Profit First: FAQs' page has all the answers you seek.

🤔 What's Inside?
Comprehensive insights into the Profit First Methodology
Commonly asked questions, demystified
Expert tips to kickstart your financial journey

📚 Your Ultimate Guide to Profit First!
Visit our website and delve into the world of Profit First. Empower yourself with the knowledge needed to elevate your business's financial health.

💡 Ready to Ignite Positive Change?
Explore Profit First FAQs now and take the first step towards financial empowerment!

💪 Take a look: https://bit.ly/47YmUy0

🤣 At Profit First Accounting, we're all about helping small businesses soar to new heights. Ready to climb the ladder of financial success with us?

Get in touch: https://bit.ly/46PWm14

The holiday season is just around the corner, and as business owners, it's time to jingle all the way to success! 🌟🎄

Is your business ready for the festive hustle and bustle? Whether you're in peak season or gearing up for a well-deserved break, handling leave entitlements and managing cash flow is crucial. Our latest blog post dives into the nitty-gritty of 'How do you handle leave entitlements during this period?' It's your go-to guide for navigating the holiday season with Profit First precision.

🚀 Discover how the Profit First method can be your ultimate game-changer, turning cash flow worries into a thing of the past. We're here to tailor the percentages that your unique business needs, ensuring a holly, jolly and financially thriving season!

Book a call to unlock the Profit First magic for your business. Let's sleigh this season together! 🎅

📖 Read it here: https://bit.ly/3taT9eD

🍔 Do you sell or supply food/beverages products?

The GST ‘detailed food list’ shows the GST status of major food and beverage product lines. The ATO recently made about 30 minor updates to the list, including:
correcting some existing entries
adding new food and beverage product lines
deleting some existing entries.

If you are a food/beverage seller we recommend that you review the ‘detailed food list’ regularly and check if GST applies on the sale price of your item. You can do this by heading to the ATO’s website linked below.

https://bit.ly/47Gkkxr

Are you following us on Instagram yet? Join our community for exclusive financial content, tips, and inspiration. Don't miss out! Follow us today! 💰💡

Find us here: https://bit.ly/3QscSy1

One of Vanessa’s favourite things about a 4 day work week is helping at the kids school on Fridays. ❤️🙏

“Those of you who have read one of the co-author books will know this is something I never had before PFA. It was so important for me to build a business that gave so many opportunities to not only our clients but our team. What is something you can implement within your business to reduce stress and help you live the life you have dreamed of? Apart from Profit First Implementation because that is a no brainer 😂” - Vanessa

📈💼 Ready to dive into Profit First? Here's a quick overview of the account setup:

The basic method suggests four accounts (Profit, Owner’s Pay, Tax), alongside your current everyday account for deposits and expenses. But if that sounds like a lot to handle, don't worry! You can start with two accounts: your current everyday account and add a Profit account. It's a gentle way to step into Profit First. 🌊

Now, for those ready to level up, the advanced method recommends at least five accounts: Income, Profit, Owner’s Pay, Tax, and Operating Expenses. You can also add extra accounts as needed (like a Payroll account or a Drip account for spreading income over time). The advanced approach stands out because it separates deposits from any outgoing cash flow and provides clear allocation for different purposes. 💰

Get in touch with us: https://bit.ly/3tYgzUJ

The weekend is almost here, and it's time to recharge, relax, and enjoy some well-deserved downtime. 💆‍♀️🌟

At Profit First Accounting & Coaching, we want to wish you a fantastic Friday and a weekend filled with joy and positivity. Whether you're spending it with family, catching up on your hobbies, or simply taking a moment for yourself, make the most of these precious days. ☀️❤️

Remember to balance work and play, just like we advocate for balanced financial management. If you have any questions or need guidance, we're here to help. Have a wonderful weekend! 🙌

📆💰 Is the 10/25 rule set in stone for Profit First? Here's the deal:

While the 10th and 25th dates create a smooth semi-monthly rhythm for accumulating and allocating funds (like riding a cash flow wave), some businesses prefer a weekly schedule. In that case, you can choose a specific day of the week, like Mondays, for your fund allocation. 🌊

However, it's crucial to strike the right balance. Avoid allocating funds too frequently (like daily) or in a completely ad hoc manner. A rhythm that's either too frequent or sporadic can make it challenging to track the flow of funds effectively in your Income account. 🔄💡

🔍 Keeping a Closer Eye on Super Guarantee Compliance 🧾

The ATO is stepping up its game by using Single Touch Payroll data and info from super funds to closely monitor superannuation payments. Employers, it's vital to ensure you're meeting your superannuation obligations on time. 💼💰

With this enhanced visibility, the ATO can track the owed superannuation down to the dime, so timely and accurate payments are more important than ever!

📈🤝 Ready to supercharge your business with Profit First? Whether you're a business owner looking to integrate Profit First into your own operations or exploring it as a potential service for your clients, this course is your golden ticket!

🚀 Join us for a two-part training that demystifies Profit First and demonstrates its incredible potential. Ever wondered if Profit First can work for your business? You'll find the answers here!

Learn the secrets of turning cash-hungry businesses into thriving and sustainable enterprises. 🌱💰

This course isn't exclusive - it's designed for all types of businesses, from micro-enterprises to companies with debt. Plus, we'll reveal the magic behind reverse-engineering money goals and the profit framework. ✨

Don't miss this opportunity to master Profit First and level up your business game!

🌐 Get started here: https://bit.ly/3SrBpG8

Profit First Accounting & Coaching offer comprehensive solutions for your business needs. 🌟💼🤝

We are Profit First Accounting, a dedicated team passionate about serving Australian business owners. Our vision is to empower businesses to implement the profit first methodology and live debt-free. With a commitment to professionalism and adherence to laws, we provide clarity and guidance to help clients understand that their business serves them. Our mission is to support business owners in innovating, systemising, and embracing the profit first approach.

📨📞 Get in touch and let us help your business. Click the link below!

https://bit.ly/3PFpHWK

🌟 Thank you so much Brittnee! It was a pleasure working with you.

If you want to be as satisfied as Brittnee, get in touch with us today! Head to our website below! 💻💡

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https://bit.ly/461vUB2

🤑🤑🤑
https://bit.ly/3O7XGFm

Unlock your financial potential with a Financial Management Coach! 🌟

Here's why you need one:

• Customised Guidance: Get tailored strategies for your unique financial situation.
• Accountability: Stay on track with your goals and maintain financial discipline.
• Financial Confidence: Gain knowledge and assurance to make informed decisions.
• Expert Insight: Benefit from the wisdom of financial experts. 💼💡

Ready to take control of your financial future? Join us on the path to success! 💪 Enrol now to transform your financial strategy using this link: https://bit.ly/3twXdpD

In a recent survey covered by https://bit.ly/3u0h2pB , troubling findings have come to light. Many people find themselves lacking in savings while grappling with significant debt. 💸💔

This alarming financial situation underscores the importance of sound financial management, especially in uncertain times. If you're one of the many individuals feeling the weight of debt and seeking to boost your savings, we're here to help. 💪💰

At Profit First Accounting & Coaching, we're dedicated to transforming your financial situation, offering valuable guidance and insights to help you gain control of your money. It's time to pave a path towards financial stability and secure a brighter future. 🌟

Read more about the survey here: https://www.news.com.au/finance/money/budgeting/troubling-survey-reveals-many-people-lack-savings-but-have-big-debt/news-story/ad74a6830d79be45c9d32880118b94df

Did you know that we host financial online courses? 🚀 We offer a range of online courses tailored to your needs:

1️⃣ 1-on-1 Coaching: Personalised guidance to transform your financial strategy.
2️⃣ Profit First 101: Dive into the core principles of the Profit First methodology.
3️⃣ Ad Hoc Consulting: Get expert advice when you need it most.
4️⃣ Group Courses: Collaborative learning for shared financial success.

Choose the course that suits you best and embark on your journey to financial empowerment! 💼 Enrol today via this link: https://bit.ly/3M06iO9

Remove the stress, anxiety, and frustration that comes from attempting to manage every aspect of your business on your own. 🧘‍♀️ ⚖️💼

💫💼💰Contact us with the details above to learn more and ensure that you run your business, rather than letting your business run you. 📨📞

Website: https://bit.ly/3QMc7S4

🙌 Kimmy Says… raise your hand for Profit First!

ProfitCon 2023 was filled with incredible moments, and Kim Macdonald brought her A-game with a unique reset session, "Kimmy Says." It was a playful twist on the classic "Simon Says" game, and you can see we were completely focused! 🎯

Photo by Kirsten Graham Photography

ProfitCon 2023 and Mastermind Day with Mike - an unforgettable experience! 🚀💼

Vanessa immersed herself in wisdom from incredible individuals, all to better serve our business and clients. 🧠📈

Here are some of Vanessa's top moments:

💥 "Surge" with Mike - Power-packed insights.

🌏 Navigating Remote Teams with Jason - Building stronger connections from afar.

📈 The Elevate Model with Emma Campbell - Uplifting and transformative.

💃 And, the unforgettable Nutbush dance lesson with a group of Americans - a heartwarming laugh shared! 🇺🇸

Photos by

✨ Join our mission to bring hope and healing to Josh! 💙

Meet Josh, a resilient soul battling the rare Vein of Galen Malformation since birth. At 26, he holds the title of the oldest living person with this condition in the southern hemisphere. 🌏 Despite enduring multiple strokes, epilepsy, and dementia, Josh faces each day with unwavering courage.

Now, we invite you to be part of a life-changing journey! Josh’s family is raising funds to provide him with specialised treatment in America, aiming to enhance his quality of life. Witnessing the decline of his joy and abilities is heartbreaking, and we believe in the power of community support to make a difference.

Your donations, big or small, will directly contribute to the costs of this crucial treatment. Every dollar brings Josh one step closer to brighter days.

To contribute, visit the link below. Remember, your generosity is not only impactful but also tax-deductible so make your donation today. 🙏

🌟 DONATE HERE: https://bit.ly/46lyQbU

🎉 What an electrifying gathering at ProfitCon 2023!

Vanessa and the entire crew were in their element, sharing insights, fostering connections, and soaking up the Profit First wisdom. 🧠

This event was a true celebration of growth, learning, and camaraderie among Profit First Professionals. Here's to even greater success ahead! 🙌

Photo by

Robust financial reporting is essential for all businesses, especially small ones. 📊

Good bookkeeping ensures accurate, detailed financial reports. Bookkeepers manage day-to-day financial records like transactions, invoices, and payroll. They set the stage for accountants, CPAs, and CFOs to excel. Accurate bookkeeping is the backbone of precise accounting, tax advice, and financial direction. 💼💰

Every small business needs a team of knowledgeable financial professionals.
When hiring a bookkeeper, look for key qualities. They should understand both the details and the bigger financial picture. They should provide specific examples of problem-solving, demonstrate task-cycle management, and use automation to minimise errors. Effective communication is crucial, as financial statements can be complex. A bookkeeper who can explain them clearly empowers business owners to make informed decisions. 👩‍💼

🌟 Profit First Accounting & Coaching is here to do that for you. Get in touch via the link in the comments.
Read more: https://bit.ly/46tEcmn

Vanessa had an amazing time at ProfitCon 2023 in Perth, where she was surrounded by a community of like-minded Profit First Professionals!

The energy and camaraderie were truly inspiring, with everyone dedicated to helping businesses thrive. 🌟

💡Get ready for the valuable insights and knowledge Vanessa will be bringing back to Profit First Accounting & Coaching. Stay tuned for more!

Photo by

📖 Did you know that our founder, Vanessa, is a co-author of 'The Women Changing The World'?

✨This book is a collection of stories for women by women focused on inspiring purpose, vision, and everyday activism.

💪 Featuring real-life, relatable role-models from all walks of life who are women changing the world through entrepreneurialism, education, conscious living, giving back, advocacy, innovation, and more who had the courage to listen to the call to make a difference and took action to make it happen!

Get your copy from our shop on our website [linked below]. This book not only inspires but also makes a great Christmas present! 🎁

Find it here: https://bit.ly/471Uy64

🕺💃 Nutbush City Limits! 🎶✨

ProfitCon 2023 was a blast, and one of the highlights was Vanessa's fantastic reset session. She led the group in dancing the Nutbush, and let's just say, it was a memorable experience!

The American guests got to learn it on the spot. Talk about cross-cultural fun! 🌏

Fun fact: The dance has become so popular here that it's even part of some Australian states' curricula. Talk about a groovy education! 📚💫

Photos by Kirsten Graham Photography

Balancing employee leave and entitlements is a challenge every small business owner faces. It's all about managing when leave is taken and clearing those accrued balances from your books. 📅💼

💡 Curious about whether you can direct employees to take annual leave? We've got you covered in our latest blog post.

💻 Click here to ensure you're well-versed in the nuances of annual leave for your team: https://bit.ly/3u40NYz

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https://bit.ly/3CldnU7

Ready to level up your banking strategy with Profit First? 💰🏦

Many Profit First readers have discovered tremendous success with credit unions and community banks. Here's the lowdown: No more pesky fees and no tiresome balance requirements. 🙌

Now, as you start organising multiple everyday or savings accounts, don't be surprised if some bankers give you a puzzled look (because Profit First isn't the norm... yet). But don't be discouraged – they might not grasp the process entirely. Your mission is simple: Establish those multiple accounts while ensuring you won't face fees, even when your balance hits zero occasionally. If your bank insists on fees and minimum balances, it might be time to consider a more Profit First-friendly bank. 😊💼

Get in touch with us: https://bit.ly/3u2uKIo

Notice: Service Interruption Due to Optus Outage

Dear Valued Customers,

We regret to inform you that we are currently experiencing a service interruption due to the Optus outage. Our team is actively working to resolve this issue and restore our services to full functionality.

We understand the inconvenience this may cause, and we assure you that we are doing everything within our power to get things back on track as soon as possible. Your patience and understanding are greatly appreciated.

We will keep you updated on our progress, and you can expect to hear from us as soon as our services are fully operational.

Thank you for your understanding and continued support.

Best regards,
Profit First Accounting

Get ready for some fantastic snapshots from ProfitCon 2023 in Perth! 📸

Here are two unforgettable moments: First, the ladies made a splash with their shirts featuring Mike's face as he entered. 😄

And, of course, Vanessa and other Profit First Professionals enjoying engaging conversations in the lovely Perth sun. 🌞

Stay tuned for more highlights from this incredible event!

Photos by

🥂 Let's raise a cup to our bookkeepers! We wouldn't be able to do it without you. Here’s to Narelle, Esther, Stephen, Palak, Amit & Kamlesh!

In an annual tradition that unites Bookkeepers worldwide, the 8th Global Bookkeeping Week is here! 🌍💼

During this week, tens of thousands of dedicated Bookkeepers will pause their busy schedules to raise a cup in celebration of their invaluable contributions to the small business community. 🎉

When are you most inspired as a business owner? 🤔

Here’s what our founder, Vanessa, has shared:

“For me personally, it’s when I’m doing things totally out of my comfort zone and I give myself the freedom to escape my own head.

This is my first time on a quad bike. After this, I created some of the most amazing course content for our clients just like you.”

Would love to hear your shares in the comments below! 🤩

Ready to transform your financial game? 🚀 Dive into our 'Profit First 101' online course, a 12-step journey designed for solo and small business owners like you! 📊

Discover all the skills needed to assess your financial status, set achievable goals, and implement the Profit First cashflow system for greater profitability and longevity. 💰

With this course, you'll master the Profit First model, ensuring your business stays financially stable and profitable for the long haul. Don't miss out on this empowering opportunity! Enrol now and pave the way to financial success. 🌟

Find out more: https://bit.ly/45vfL6I