The Money Part

Barb Fisher

Weekly, plain-English money help for small business owners: cash flow, Profit First, bookkeeping, taxes, and paying yourself. With Barb Fisher. New episodes on Wednesdays.

Episodes

  1. 21h ago

    Ep 5 | The Bank Account Setup That Changes Everything (Profit First)

    The most practical Profit First move there is happens to be the most boring: opening a few bank accounts. In this episode, Barb Fisher and Juliana get into how to actually set it up, how the money flows between accounts, and the small choices (like which bank you use) that make the whole system run itself. In this episode, you’ll learn: Why Profit First starts with multiple bank accounts, and how that changes your financial managementHow the income account and your holding and operating accounts work together to track expenses and profitHow to allocate funds on a regular rhythm, ideally tied to payroll or another consistent activityWhy choosing a bank that offers free accounts matters, and how tools like Relay can streamline allocationsWhen to recalibrate your allocations as your business changesHow a Profit First coach helps with the emotional side of money, and why clean money systems make your business more attractive to a future buyerYour one move this week: Start small. Open one new account, even just for taxes, and begin allocating. Small savings habits add up to real change. Resources and links: Free Profit First assessment: https://lp.fisherbusiness.net/profit-first-instant-assessment-worksheet Book a free consultation with Fisher Bookkeeping: https://fisherbookkeeping.com/schedule-your-consultation/ Mentioned: Relay (for automating allocations) Related: Episode 3, Profit First in Plain English

    Ep 5 | The Bank Account Setup That Changes Everything (Profit First)

About

Weekly, plain-English money help for small business owners: cash flow, Profit First, bookkeeping, taxes, and paying yourself. With Barb Fisher. New episodes on Wednesdays.

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