Bookkeeping help for women-led businesses and nonprofits
Hi Reader,
One of the most common things we hear from business owners is this: "I am making money, but I never know where it all goes."
If that sounds familiar, you are not alone. Most of the clients we work with felt the same way before we helped them break their numbers into simple percentages. Once everything had a category, the stress started to lift.
Here is a simple framework to get you started:
Expenses: 40 to 60 percent of your revenue This covers the cost of running your business, including software, subscriptions, marketing, and contractors. If this number feels high, it is a good signal to review your spending.
Taxes: 20 to 30 percent of your profit This is the money you set aside so tax time is never a surprise. A simple habit is moving a portion of every payment you receive into a separate savings account just for taxes.
Profit: 10 to 20 percent of your revenue This is what you actually keep. Profit allows you to grow your business, reinvest, and pay yourself consistently.
Here is a quick example. If your business brings in $8,000 in a month:
- $3,200 to $4,800 may go toward expenses
- $1,600 to $2,400 may be set aside for taxes
- $800 to $1,600 can be kept as profit
When every dollar has a purpose, financial decisions become so much clearer.
If you want help setting up a system that works for your specific business, a free discovery call is a great place to start.