Do I Need To Use Bank Accounts With Profit First

[@ColoradoschoolofactingDenver]

This is great! My husband and I loved listening to PROFIT FIRST. Of course, we listened while running or driving so we didn't email you or follow any of the steps yet. We are going to listen again and really implement it. :D Thank you so much!

[@Jake_Diego]

Mike I created all the individual accounts, including the long-term at a different bank 💪🏼 - so far your book is amazing! For the life of me where does COGS go into the real revenue calculation? I’m in e-commerce and do a quarter million in sales of products so COGS is a huge cost. I’m so close to calculating allocation percentages, and moving money possibly THIS WEEK if I can be enlightened on this COGS question. TY 🙏🏼

[@nikkisartvideos6412]

I've listened to Amber Dugger who is a Profit First accountant and she indicated that you and she came to an agreement that YNAB could be used to execute Profit First without setting up all the separate accounts (particularly for service-based​ businesses). Is that not true?

[@redriderno22]

Your books are the best Mike!

[@pcfradkin]

Is there a product that might be able to help with this? Between kids and work I just don’t see myself having the time to set this up on my own :/

[@btddck1310]

Hei mike...this is pure gold...thank you

[@joshc3134]

I went to open the accounts with my local credit union- the issue was, they don't offer business checking accounts. Is this normal? Do I need to keep searching or stick with my current bank that charges monthly fees?

[@virtuositycash]

Look for a Bank that has free business checking accounts.

[@davidfell9696]

Thank you for the explanation.

[@AllisonBernard_RI]

You had me at channeling my inner self... Genius using you ego as a tool.

[@goldenmemes51]

3:10 GOLD !!!! PBP

[@pazliyusof835]

Ok i llike your Chanel.