Profits

Profit First Basics Tiktok Series Episode 5

August 06, 20251 min read

Over the past few episodes, I’ve talked about the importance of moving money intentionally—taking control of your cash by creating separate bank accounts for Inventory and Profit.

These simple steps create the clarity you need to run your business without relying on gut checks or guesswork.

Now in Episode 5 of my Profit First Basics Series, we’re focusing on the Profit Account—and why it’s not just a bookkeeping line item, it’s a reward system designed to keep you motivated and on track.

Here’s how it works:
Every time you receive an Amazon settlement (or tally your sales), you’ll move a portion into your Profit Account.

Start small. 1% even.

You can adjust over time, but the key is to build the habit.

Make it a savings account—ideally, an interest-bearing one.

Then, every quarter, you get to reward yourself!

You’ll look at how much has accumulated over the past 90 days and take half of it out.

That half? It’s your reward.

Take your family out to dinner. Grab coffee with a friend. Celebrate.

I’ve seen sellers start with $6 rewards and eventually fund entire vacations—because the system works.

It starts small, but it builds consistency, clarity, and confidence.

Watch Episode 5 of the Profit First Basics Series now

In the next episode, we’ll talk about what to do with the other half of your Profit Account—the part you don’t take out.

If you need help nailing down your allocations or your process, reach out today.

We're happy to help you take your Profit First.

Cyndi

Cyndi Thomason is founder and president of bookskeep, a U.S.-based accounting, bookkeeping, and advisory firm for ecommerce sellers worldwide. She has a passion for data analysis and process development. She uses that passion to educate her clients and help them structure their businesses to maximize profits.

Cyndi Thomason

Cyndi Thomason is founder and president of bookskeep, a U.S.-based accounting, bookkeeping, and advisory firm for ecommerce sellers worldwide. She has a passion for data analysis and process development. She uses that passion to educate her clients and help them structure their businesses to maximize profits.

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