CHECKLIST

To get the most from your Profit First for Franchise Business Owners course, complete the following checklist prior to the first group session:

  • Gather your financial statements.

    If you do not have up-to-date financial statements, reach out to your accounting professional for current ones:

  • If you don’t have and can’t get financial statements:

    • Last completed tax return
    • Bank statements for the last 12 months (fewer if new business)

  • Profit and Loss (Income)

    statement for the last 12 months. Cash basis- NOT accrual

  • Balance sheet for the same period as your Profit and Loss statement

    Cash basis- NOT accrual

  • Statement of Cash Flow for the last 12 months

    This is an accrual basis statement, and that’s okay!

  • For Franchise Businesses:

    Gather a copy of your Franchise Disclosure Document (FDD)

  • Gather the contact information for your bank.

    Phone number and contact name

    • Your current bank: Where you will have most of your Profit First bank accounts
    • Your second bank: For your “no temptation” accounts

Please bring a calculator each day to training.

Email your training questions to Hello@SummerMorrisCPA.com

Downoad the Checklist