Relay—Debunking 4 Harmful Misconceptions About Business Banking
The 3rd blog in our 4-blog series on banking services is provided by Relay Bank. In it, they debunk 4 common misconceptions about business banking, and share how Relay can help ecommerce businesses break free of them. Guest blog by Matas Pranckevicius, Relay Your bank is the financial nerve center of your business—especially if […]
Client Testimonial from Kevin Rizer of Emmy’s Best Pet Product
Watch or read a client testimonial from Kevin Rizer of Emmy’s Best Pet Product.
“So I first heard about profit first through a mutual friend and someone that said, hey there’s a lady named Cindy Thomason and she just wrote a book that you need to read. I hopped online…”
AirWallex.com—Offering A Single Source for All Ecommerce Banking Services
In this 2nd blog in our 4-blog series on banking services, we take a look at AirWallex.com, an online service that brings all the ecommerce banking services under one umbrella. Guest blog by Curtis Shoung with Airwallex.com Ecommerce marketplaces have become a major growth opportunity for retailers looking to expand internationally. In this article, we’ll […]
Mercury.com—An Online Solution for Ecommerce Banking Stacks
Finding banking services that fit the needs of ecommerce sellers is sometimes challenging, especially for those implementing the Profit First system. We hear this often at bookskeep, and our clients are always inquiring about options and services that are available to them. In addition, the banking world is changing, and the customer experience is front […]
Profit First and Parkinson’s Law—The Way to Conquer the Q4 Season
To ensure accurate and up-to-date financials, commit to regularly monitoring your numbers and ensuring proper allocation of funds and expenses. Implementing effective systems can streamline this task, requiring minimal time investment. However, if you approach it haphazardly each month, you risk relinquishing control over your time and money to Parkinson’s Law. You’ve heard me talk […]
How Cash on Hand Affects Your Financials
As all good business owners know, the key to accurate financials is accurate data. What goes into those numbers determines what your financial reports are going to tell you. You want to ensure that you’re getting an accurate picture of your business’ current health. One thing I talk about quite often is cash on hand. […]
Client Testimonial from Kevin Lehoe of The Office Oasis
Watch or read a client testimonial from client testimonial from Kevin Lehoe of The Office Oasis.
… “I 100% recommend it and it’s, it’s definitely worth you know, getting on board and having this service because it’s just feels like another member of your team that’s helping you out in the grand scale of your your business.”
Understanding The Cash Flow Waterfall in Your Ecommerce Business
“Where does my cash go?” It’s a typical question I hear many times. Along with this one—“My P&L shows I made $400,000, so why don’t I have that much in my bank account?” My favorite graph to illustrate the solution to this problem is the Cash Flow Waterfall. In the example below, we have used [...]
What is my Balance Sheet Trying to Tell Me?
What is My Balance Sheet Trying to Tell Me? Your financial statements are like the road maps of your business. They tell you where you’ve been, where you are and where you’re headed. Whether it’s the P&L, Cash Flow Statement, or Balance Sheet, every report you run is speaking to you, telling you something important [...]
