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socks and cat

What does this actaully cost

Today as I handed over my quarterly receipts to my bookkeeper, I asked her to do a cost analysis of what it actaully costs to run this business. If I had to guess based on all the checks I write, I would say I need to make between $3,000 and $6,000 per month just to break even. That means pay all the rents and bills and employees, etc. But I so do not understand finances that I have no idea if that amount even includes my paycheck or not. Maybe that's before I pay myself. Maybe it includes my own paycheck. Heck, I don't know. The bills are always paid, so I haven't had to figure this out before.

She thinks she'll have time to look into it in August. I'm on the edge of my seat now. What does it actually cost me every month to run this business???

Comments

You should make sure you understand your finances -- helps you make informed decisions and understand what can be scaled back if you need to.
Word.
Don't you have an itemized list of your expenses? My bank keeps track of what my expenses are and makes a pie chart of each category, so I recently learned that I spend about as much on retail therapy as I do education!