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How much money do I take out of the Profit account for my Profit distribution?

How much money do I take out of the Profit account for my Profit distribution?

My accountant says I can’t take Owner’s Pay and that I must take all compensation through distributions. How does that work with the Profit First system?

My accountant says I can’t take Owner’s Pay and that I must take all compensation through distributions. How does that work with the Profit First system?

Can I take my Profit distribution monthly instead of quarterly?

Can I take my Profit distribution monthly instead of quarterly?

Do I have to take a profit distribution every quarter?

Do I have to take a profit distribution every quarter?

I have too much debt. How do I pay it off using the Profit First approach?

I have too much debt. How do I pay it off using the Profit First approach?

Can I use Profit First if I’m deeply in debt?

Can I use Profit First if I’m deeply in debt?

My accountant wants me to spend down my Profit account to save money on taxes. What do you think?​

My accountant wants me to spend down my Profit account to save money on taxes. What do you think?​

My bookkeeper HATES the Profit First system. Any tips on winning her over?

My bookkeeper HATES the Profit First system. Any tips on winning her over?

What account do I pay my subcontractors from?

What account do I pay my subcontractors from?

Which account do I put Sales Taxes in?

Which account do I put Sales Taxes in?

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