The Accounting Edit

The Accounting Edit

The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.

  1. 24. Why Most Six Figure Businesses Stay Stuck

    19 Mar

    24. Why Most Six Figure Businesses Stay Stuck

    Why do so many six figure businesses stay stuck? In this episode, Aminder Mann (Sequoia CPA) and Leah McCool(Orca Accounting) break down why growing revenue is not the same as scaling a profitable business. They share the key financial and operational mistakes that keep service-based businesses from reaching seven figures. From poor margins and inconsistent financial reviews toreactive hiring and lack of cash planning, this episode walks through what is really holding businesses back. They also cover what seven figure businesses do differently,including how they approach pricing, profitability, forecasting, and monthly financial decision making. If your business is generating revenue but not translatinginto real profit or growth, this episode will show you what needs to change. Takeaways ·     Revenue without margin awareness keepsbusinesses stuck ·     Expenses growing faster than revenue is a keyred flag ·     No monthly financial review means no realvisibility ·     Hiring and pricing should always tie back toprofitability ·     Discounting erodes margin and limits growth ·     Lack of financial rhythm leads to reactivedecisions ·     Shifting from operator to CEO is required toscale ·     Delegation and systems remove you as thebottleneck ·     Seven figure businesses make intentional, datadriven decisions ·     Growth is built through structure, not justeffort   Chapters 00:00 Introduction to Business Growth Challenges 05:07 The Importance of Financial Rhythm 09:21 Shifting Mindsets: From Operator to CEO 13:44 Monthly Financial Reviews and Adjustments   Keywords: business growth, financial management,scaling from 6 to 7 figures, profit margins, financial planning, business strategy   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    18 min
  2. 19 Feb

    22. Our Favorite Metric to Look at Every Month and Why it Matters

    In this episode, Aminder and Leah discuss essential financial metrics for businesses, focusing on net cash flow and net profit margin. They explore how these metrics provide insights into a business's financial health and sustainability, emphasizing the importance of understanding cash inflows and outflows, as well as profitability. The conversation highlights the need for business owners to track these metrics over time and avoid comparing themselves to others, advocating for a focused approach to financial management.   Takeaways ·     Net cash flow is crucial for understanding cash availability. ·     Net profit margin indicates how much profit isretained from revenue. ·     Both metrics are essential for assessing business sustainability. ·     It's important to track trends over time, not just one-off figures. ·     Avoid comparing your metrics to others; focus on your own progress. ·     Start with a few key metrics to avoid overwhelm. ·     Understanding cash flow helps in making informed business decisions. ·     Net cash flow includes all cash inflows, not just revenue. ·     Business owners should assess their pricing and expenses regularly. ·     Simplicity in metrics can lead to better financial management.   Chapters 00:00 Introduction to Key Business Metrics 01:12 Understanding Net Cash Flow 05:25 Exploring Net Profit Margin 11:06 The Importance of Sustainable Metrics   Keywords: business metrics, net cash flow, net profit margin, financial sustainability, KPIs, accounting, business growth, profitability, cash management, financial health   Website: TheAccountingEdit.com Aminder's Links Website: sequoia-cpa.com Instagram: @sequoiacpa LinkedIn: linkedin.com/company/sequoia-cpa   Leah's Links Website: orca-accounting.com Instagram: @orcaaccounting LinkedIn: linkedin.com/in/leahmccool

    15 min

About

The Accounting Edit is where real conversations meet real numbers. Hosted by two women accounting firm owners, we’re pulling back the curtain on what it’s actually like to build a modern accounting practice—while helping small business owners make sense of their finances. Whether you’re a fellow firm owner, a service-based entrepreneur, or just curious about the behind-the-scenes of running a business, you’ll find honest insights, practical advice, and plenty of moments that make you feel like you’re not alone.