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I do have, I have, I have another, but I just want to say thank you for this information.

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It really set a, it's something really that's intentional for me to do this year.

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And so thank you so much, Leigh.

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Oh, I love it, Kim.

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And we do, I am committed, I won't go over 10 o'clock.

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I have an hour, sometimes only a half an hour, but so thank you for being here.

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Thank you for your questions.

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And Julie, we made this part two, ask your question again, and then I want to answer

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it in this section.

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Sure.

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So on delegating and using tools, I want to make sure my money is all in one spot because

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I have lots of accounts that I want to see it all dumped in one space for ease of then

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recalculating it and tracking my profits.

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So I was just curious, is there an app that y'all are loving that does that?

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And I'm happy to pay for it.

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I just want to get the right one.

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Okay.

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And if any of you have it, raise your hand and we'll go over it.

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So here's the best system that I have found.

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And I think I might've shared it with you, Julie, but I'm not sure I'll share it here.

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If not, and I'll share it with everyone else because it's been really phenomenal.

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First of all, for business, I really believe we all should have QuickBooks.

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Okay.

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So in terms of an app, QuickBooks is fabulous and you can snap your receipts and handle

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that.

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You can track your mileage in that.

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You know, QuickBooks, when it comes to business and giving to your taxes, it's what I've used

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for years.

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So in terms of an app, but I want to go beyond an app.

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Also banks right now really give you a detailed reports usually to show you where your money's

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being spent and what percentage and all of that.

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So that's becoming more.

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So take a look at your bank phone app and see, like I use US bank and there's all kinds

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of charts and graphs and everything for that.

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But let me tell you a big picture that I think really changed my business.

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I wish I would've had it over the 30 years I've been in business.

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I wish I would've started sooner, but there's only now.

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And so I've probably been doing this.

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I don't even know how long a year, maybe more or less, give or take.

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But it's called the Profit First System.

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And so the name of the book is Profit First.

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I highly recommend every business uses this system.

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It's the best that I've found.

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It's phenomenal.

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And I'm going to give you an overview of what I do with it and why I love it and why I think

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it's really brilliant.

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And so the idea with the Profit First, and you mentioned you've got a lot of accounts,

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so you may be already on this path.

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You actually have five accounts in your business, five.

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Three for me are checking and two are savings.

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And the idea is that your main business account is, and you label these, you give them a name.

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So your main business account is called income, and that's where everybody's paying you.

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That's where money comes in.

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This is your business account.

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Then you are allocating or dispersing from that income into the other four accounts.

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And you could do it however works for you.

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It could be daily, it could be weekly, it could be twice a month, whatever works for

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your business.

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But you're allocating based on a percentage.

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So the other four accounts are your owner's comp, that's where you're paying yourself,

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that's where your salary comes out of, owner's comp, operating expense, that's where every

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aspect of your business is getting paid from operating expense, tax, that's where you're

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putting away tax money out of every income that comes in, and profit.

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Now here's what's really cool.

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Most businesses, especially entrepreneurs, self-employed, they never have a profit, ever.

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Because they do what's called bank balance accounting, meaning if there's money in there,

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they go ahead and sign up for the program.

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If there's money in there, they go ahead and buy that new equipment.

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If there's money in there, they get that new whatever, assistant, whatever.

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And so they always have a magic idea in their head that when I make enough money, then I'll

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start having a profit.

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And the truth is, I've been on that journey a long, I've built multi-seven figure companies

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with bank balance accounting, meaning there was never a profit.

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And so it doesn't matter how little or how much you make, that system's kind of broken.

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So

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you will have a set percentage.

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And so on my bank, I actually name each of those accounts,

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and I can do it right on my phone.

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And I put the percentage right next to it to remind me.

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So for example, owner's comp right now,

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I have set at 35%.

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So $1,000 comes in, $350 goes into owner's comp.

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So you always know what you can pay yourself.

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You know what you're really earning, OK?

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The goal is to get that to 50%.

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I'm not there yet.

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I'm sticking at the 35% right now.

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The operating expense is also at 35%.

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The goal is to get that down to 30%.

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Not there yet, but that's where that is.

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The tax is set at 13% right now.

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The goal is get it to 15%.

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And then the profit is set at 7%.

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And the goal is to increase that as well.

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So what happens is as the money comes in, you just quickly,

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OK, 35%, so 350 goes here, 30%, 300 goes here, 150,

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the 15% goes here, 7%, the 70 goes here.

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And what's really cool is that you're out of profit

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from your first month in the business,

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from the first income that comes in.

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You're out of profit.

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That is really miraculous for the psyche.

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It's incredible for the psyche.

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And you see your profit growing.

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That's encouraging.

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It makes you want to do more.

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And then there's a system for that profit

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that every three months, you have

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to take at least 50% out of that profit

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and spend it on something really meaningful.

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And that might be investing, but it's the family vacation.

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It's those outfits.

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It's the travel.

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It's whatever that was really important to you, right?

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So that actually you're moving forward.

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You can keep the other 50% in for a while

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to have emergency money in there and all of that.

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But that's the basic premise.

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When I started using the Profit First system,

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decision making became really easy.

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And I swear, it felt like suddenly I always had money.

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It was the craziest feeling.

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When you have only one account, it feels like it's always empty.

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But when it's split up this way, you're

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not spending from all the accounts.

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And it's really quite miraculous.

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So Julie, I would say in terms of apps,

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your bank app, QuickBooks, and using the Profit First system.

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Does anybody else have anything they want to add to that?

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Have any of you tried any of those things?

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Let me know.

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Julie, I just recently did QuickBooks.

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I've had QuickBooks.

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I've played with QuickBooks and not

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been serious for quite a while.

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And then finally this year, that was one of my things.

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One of my things was to get all of my stuff

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organized and get serious about it.

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And so I did QuickBooks.

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And I was like, where have I been?

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I have been playing around with this stuff.

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And everything I need was right there.

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I put everything in there.

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And then you can set up rules and stuff like that.

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And you can have it just do everything.

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And then it went and it told me everything

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I needed to be paying per quarter with the money that I

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also, what?

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This is like, yeah.

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And then I've actually have heard of Profit First.

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Matter of fact, this is the funny part.

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I actually think I have the book.

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Lord have mercy.

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Lord have mercy.

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Let me read it.

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OK.

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Yeah, yeah, yeah.

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And with the QuickBooks, in the initial stages,

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you're tagging every expense.

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And then it recognizes that expense.

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The automobile or this or that.

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So pretty soon, you have tagged less and less.

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And so for tax purposes, everything

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is always done for knowing where your money is going.

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You know exactly where it's going.

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And so the combination of the Profit First,

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that you're working your bank system that way,

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and then having QuickBooks, you always know where everything

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and what you always know, what you're earning.

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And so this is another really powerful tool for you.

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So I'm so glad to hear that, Natalie.

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And I can't wait.

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You're such an implementer.

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I can't wait to see how you like the Profit First.

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So OK.

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Any questions on that?

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Or I'm going to stop the recording on that phase.