The Real Estate Chart of Accounts

#SimpleNumbersInc #FinancialManagement

Why do so many agents stay busy all year and still end up wondering where the money went? The traditional way of running a business says revenue minus expenses equals profit, but that almost guarantees profit is an afterthought. In this video, we break down the system we use in every business we own to make profitability automatic, and why we believe in it so much that we send the book to every new client. Watch our video to see how to stop guessing and start building profit into your business from day one. Learn more: https://blog.simple-numbers.com/why-your-real-estate-business-isn-t-profitable-yet.html Timestamps: 00:00 — The Profit Problem 00:59 — Flip the Equation 01:57 — Reactive vs. Proactive 02:28 — Psychology of Spending 03:02 — The Smaller Bucket #SimpleNumbersInc #FinancialManagement #RealEstateBookkeeping ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are your referral fees costing you more than you think? Many agents assume their lead generation costs have dropped when monthly fees go away, but that is not always true. Today, I’ll break down how referral cost of sale works, why referral fees still affect your numbers, and how they can quietly reduce your net profit. You’ll also see why tracking these costs correctly can help you avoid overspending and make better business decisions. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/are-zillow-referral-fees-costing-you-more-than-you-think.html Timestamp: 00:00 — Intro 00:30 — Referral fees as part of the cost of sale 00:57 — Why it should be done 01:46 — The mistake people make 02:11 — Our strategy #SimpleNumbersInc #FinancialManagement #ZillowReferrals ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are you looking at your P&L and wondering if your business is actually as profitable as it seems? Many owners see a healthy bottom line on paper, but that number can be misleading when owner production, salary, and indirect expenses distort the real picture. Today, I’m breaking down the adjusted net profit formula so you can measure what your business is truly producing. You’ll see how subtracting unrealized cost of sale and adding back owner salary and indirect expenses can give you a much clearer view of business health. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/adjusted-net-profit-a-better-way-to-measure-your-business-profit.html Timestamp: 00:00 — Tool to calculate adjusted net profit 00:22 — Adjusted net profit calculation 00:56 — How to be more detailed with the calculation 01:31 — Indirect expenses 02:07 — Ideal adjusted net profit #SimpleNumbersInc #FinancialManagement #AdjustedNetProfit ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Is your team profitable without you? If you’re still doing most of the production, your net profit can look stronger than it really is. Today, I'll show you how to build your business as an investor would by using adjusted net profit and the true cost of sales. You’ll learn why 20% to 25% net is the target and why your net profit can be misleading. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/how-to-build-a-real-estate-team-that-s-financially-healthy.html Timestamp: 00:00 — Intro 00:17 — The margin needed 00:40 — What to do if you can’t hit the net profit 01:09 — My coaching call 01:30 — The key to finding the health of your business #SimpleNumbersInc #FinancialManagement #NetProfit ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement