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Monthly bookkeeping (QuickBooks | Xero)
Bank and credit card reconciliations
Accounts receivable and payable tracking
Payroll journals and 1099 contractor records
Monthly P&L, balance sheet and cash flow
Sales tax tracking and CPA-ready books
The network for creativity
Join 1.25M professional creatives like you
Connect with clients, get discovered, and run your business 100% commission-free
Creatives on Contra have earned over $150M and we are just getting started
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Episode 5: Revenue up 40%, profit down. Why? 📉
More sales don’t always mean more money in your pocket. In this episode I break down a business that grew revenue 40% while profit fell 30%, using a simple example.
What’s inside:
→ Why discounts quietly shrink your margin
→ How costs can grow faster than sales
→ The danger of spending ahead of growth
→ Small leaks (fees, refunds, unpaid invoices) that add up
→ 3 fixes: track margin, test price before discounting, know your profit per sale
Growth is not profit. Know your numbers.
Follow Me: for more money lessons. Episode 6 is coming soon!
#CountingCrux #Accounting #SmallBusiness #ProfitMargin #BusinessFinance #Bookkeeping #FinanceTips
Great reminder! 👏 Revenue means little if profit margins aren’t healthy. Tracking the numbers and making smart pricing decisions is key to sustainable growth. 💯
Congratulations @Dstudio Agency for this milestone.
But why I feel like Contra is not for accountants and bookkeepers? And it only support designers and creators?
Any suggestions for accounting people on contra? Or should we deactivate our accounts?😂
Hola Amigo 🫶
Huge congrats @Dstudio Agency on $25K! 🎉 So well deserved!
And I feel you on the accountant/bookkeeper part 😂 - Contra definitely feels more design/dev heavy. But I think finance folks can still kill it by packaging services like "Bookkeeping for Creators/Startups" or "Clean...
Outsourced accounting vs. hiring in-house
Do you really need a full-time accountant?
Not every growing business needs a full-time finance employee.
Depending on your transaction volume and reporting needs, outsourced accounting may be worth considering.
An in-house accountant may suit you if:
You need daily on-site financial support.
Your accounting workload requires a dedicated employee.
You have complex internal reporting needs.
Outsourced accounting may suit you if:
You need regular bookkeeping and reporting.
You want to avoid the commitment of a full-time hire.
You need flexible support as your business grows.
The right choice depends on your business size, complexity, budget, and control requirements.
The goal isn't simply to reduce costs.
Its to get the right financial support for your business.
#OutsourcedAccounting #SmallBusiness #AccountingServices #BusinessEfficiency #Bookkeeping #Accounting #FinancialAccounting