EPISODE 6: The Revenue VS Profit Breakdown

In this podcast, we'll explore the five essential business accounts you need to manage your finances effectively and run your business successfully. We'll discuss the importance of each account and how to set them up to meet your business's specific needs.

We'll explore the operating account, which is the main account used for day-to-day business transactions. We'll also discuss the reserve account, which is used to build up emergency funds and protect your business from unexpected expenses.

Furthermore, we'll explore the tax account, which is used to manage your tax obligations and avoid any legal or financial penalties. We'll also discuss the marketing account, which is used to fund your marketing efforts and grow your business.

Finally, we'll discuss the innovation account, which is used to fund research and development efforts and explore new products and services to meet the changing needs of your customers.

So, whether you're a new business owner or a seasoned entrepreneur, join us on the IN IT 2 WIN IT Podcast.