Can you believe it is the end of the 4th Quarter of 2019? If you’ve implemented the Profit Account into your business, it’s time to take a distribution!
50% of the balance of the Profit account is yours to celebrate the profitability of your business. Think about a dinner with friends, buy that special item you have been wanting all year or take your family on vacation to escape the winter. What creative ideas do you have? Share them on our Facebook page
so we can celebrate together!
If you still have debt in your business, we recommend 45% of the Profit balance be used as an extra payment towards your debt and 5% be used for some celebration.
Please let us know how you choose to celebrate! It’s fun to share ideas. Who knows? Maybe your idea will make our next post. The remaining 50% will stay in the Profit Account to build a rainy day fund for your business.
If we can help with any questions, please contact us at any time.