48: How I Manage the Money in My Teacher Business (Taxes, Profit & Paying Myself)

Episode notes

In this episode, I’m walking you through exactly how I manage my business finances, not as an accountant, but as someone who has learned through experience. I’m sharing what I did when I first started, what changed when my business started growing, and the simple systems I use now to stay organized. What You’ll Learn in This Episode What I did when I made my first $500 in my business The moment I realized I needed better financial systems Why I opened an LLC and a business bank account How I keep my business and personal finances separate The simple spreadsheet system I use instead of QuickBooks How I track income, expenses, and deductions each month How I estimate and save for quarterly taxes (without surprises) How I organize my money for: taxes business expenses profit owner’s pay The difference between profit and paying yourself Tools I Mentioned I use a bookkeeping spreadsheet created specifically for TPT sellers.

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