Master Cash Flow Clarity: Achieve Cash Flow Success with Profit First

We know that as a business owner, juggling funds and making real profits to support your lifestyle can be challenging. At Northwest Accountancy, we believe that with the right systems and procedures, you can achieve financial clarity and success.

Cash flow clarity means:

• understanding the money flowing in and out of your business,

• ensuring you’re not just scraping by but thriving with real profits - not just the ones your accountant says you have (but can't see anywhere).

• knowing exactly where your money is going,

• being able to see into the future to ensure you are not spending money that is needed for something else,

• avoiding running at a loss and

• having that feeling of being in control - without any surprises.

Effective cash flow management helps you save for long-term commitments, upgrade equipment without loans, and like paying long service leave for long-standing staff members, or being able to survive a downturn, and provides peace of mind.

At Northwest Accountancy, we’ve tackled these challenges using the Profit First system. Profit First is a cash management method that prioritises profit, allocates funds into specific accounts for different purposes, and controls expenses naturally. Our certified Profit First Professional, Jodi Porteous, has the expertise to guide you in implementing this system, helping you achieve financial clarity and profitability.

Profit First uses your existing habits (of checking your bank accounts to see if you have enough money) to help you make better decisions.

Your accountant might say "you need to read your reports to see how your business is going" but with Profit First, all you need to do is look at your bank balances to feel a level of comfort for your business - without having to have an accounting degree to interpret the reports.  By having money set aside for taxes, bills, materials, and to pay yourself, you can easily see how your business is going.  And then - putting your profit aside First - means that you can build and create a business that will look after you in the long term, by creating buffers of money that will help you grow.

If you’re ready to stop juggling funds and start making real profits, Northwest Accountancy is here to help. Contact us today to learn more about how the Profit First system can transform your business and bring you the financial clarity you deserve.

Real profits and financial security are within your reach. Let’s achieve them together. Reach out to us for more information or to schedule a consultation, and let’s turn your cash flow concerns into cash flow clarity.