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Owned by Willita
Tired of 3 am money stress? Get simple systems to manage your cash flow so you can sleep at night and focus on growing your business.
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16d •
The One Question That Shows If Your Books Are Actually Clean
Look at your business expenses from last month. Now ask yourself: "Can I tell a story about where my money went?" If your tracking looks like this: - Business stuff: $8,450 - Various things: $2,100 - Other: $1,500 You have no idea where $12,000 went. Your books aren't giving you any insight. But if it looks like this: - Marketing: $3,200 - Software: $1,800 - Subcontractors: $4,500 - Office Supplies: $400 Now you have a story. You spent heavy on marketing this month, your software costs are consistent, and you outsourced more work than usual. That's the difference between data and insight. Today's challenge: Look at your expenses from last week. Pick your 5 biggest transactions. Write down what each one was actually for (not just "business expense"). Just 5 transactions. Takes 5 minutes. This is how you start getting clarity on where your money actually goes. Who's going to do this today? Reply "DONE" when you finish 👇🏾
25d •
Quick question for the business owners here
How are you currently handling your bookkeeping? I'm curious because I'm seeing a pattern with service-based business owners making $100K-$300K+: They're spending 8-12 hours/month doing their own books, stressing about whether it's "right," and scrambling at tax time. Meanwhile, that's 8-12 hours they COULD spend on revenue-generating activities (client work, sales, strategy). If you're DIY-ing your bookkeeping right now, what's the biggest frustration you're dealing with? (Asking because I'm building Willita Cherie Bookkeeping and want to understand what's actually keeping business owners up at night when it comes to their books.) Drop a comment - genuinely curious! 👇🏾
1 like • 22d
@Desmond Norman First off, thank you for being honest! 🙌🏾 You’re not alone, and recognizing this NOW actually puts you ahead of most business owners. Quick answers to your questions: • Service businesses pay taxes on PROFIT (revenue minus expenses) • You’ll pay quarterly estimated taxes once profitable • Business expenses are deductible (software, supplies, education, mileage, home office, etc.) • No real “loopholes”, but smart tax STRATEGY exists (that’s where a good tax pro helps)- I just partnered with one that is certified through the IRS. I can see if she will do a webinar with me. What you need at your stage: • Separate business bank account • Track every expense and keep receipts • Categorize transactions consistently • File Schedule C with your personal taxes (if sole prop) You’re building now, which means you have TIME to build good habits before things get complicated. Keep engaging here - I’ll be dropping tips regularly on exactly this kind of stuff. The foundation you build now will save you thousands later. Feel free to DM me with specific questions - happy to help! 💙
0 likes • 19d
@Desmond Norman My pleasure. We will be kicking off 2026 with more practical ways to get all of your financials together, in the meantime. Check out my recordings from the Book: Profit First so that you can get the basics established. You've got this!
Dec '25 •
If You Have Multiple Revenue Streams, You Need Class Tracking (Here's Why)
You run a consulting business. You have 3 service lines: - Strategy consulting - Implementation - Training workshops Which one is most profitable? If you can't answer that, you're leaving money on the table. Let's talk about QuickBooks Class Tracking Classes let you tag income and expenses by category (service line, location, project, etc.) Then you can run a Profit & Loss by Class and see: - Which service makes the most money - Which service costs the most to deliver - Which service has the best margins Real example: A client was shocked to learn their "signature offer" was barely breaking even after accounting for delivery costs. Their "quick win" offer? 3x more profitable. They shifted their marketing focus and increased profit by 40%. This works for: - Multiple service lines - Multiple locations - Real estate investors (income per property) - Agencies (profit per client type) If you're using QuickBooks and NOT using class tracking, start today to track your profitability. Questions? Ask below 👇🏾
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Nov '25 •
If You Can't Answer 'Where Did My Money Go?' Your Categories Are Wrong
You made $10K last month. But your bank account only went up $2K. Where did the other $8K go? If you can't answer that question in 30 seconds, your QuickBooks categories are a mess. Here's what's usually broken: Problem 1: Everything is "Business Expense" You need specific categories: Marketing, Software, Contractors, Supplies. Generic categories give you no insights. Problem 2: Personal expenses mixed with business This kills your ability to see actual business cash flow. Use separate accounts or mark personal spending as "Owner's Draw." Problem 3: Transfers categorized as expenses Moving money from checking to savings isn't an expense. This inflates your expense totals and confuses your reports. The fix: Run your Profit & Loss report in QuickBooks. Look at your expense categories. Do they tell you a clear story of where money is going? If not, it's time to clean them up. Clean categories = cash flow clarity. Need help setting this up? Reply "CATEGORIES," and I'll send you my Chart of Accounts template.
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Nov '25 •
$10K Grant Due Tonight.
This should take less than 30 minutes to complete. Hello Skip is not opposed to AI assisting you with writing your answers, but obviously you need to know your business well enough for it to help you. Put your AI assistant to work! 😂 Apply now, 30 minutes of your time, could potentially bring in $10K to move your business forward! https://tryskip.co/s/f8f9978fc719 FYI, don’t forget you can use these grants to pay you a salary as well as pay payroll. Grants are not strictly for operational cost😉
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@willita-lewis-5650
Helping business owners ditch money stress with simple cash flow systems. Sleep better, stress less, focus on what matters most.
Active 10d ago
Joined Aug 21, 2025