48: How I Manage the Money in My Teacher Business (Taxes, Profit & Paying Myself)

In this episode, I’m walking you through exactly how I manage my business finances, not as an accountant, but as someone who has learned through experience. I’m sharing what I did when I first started, what changed when my business started growing, and the simple systems I use now to stay organized. What You’ll Learn in This Episode What I did when I made my first $500 in my business The moment I realized I needed better financial systems Why I opened an LLC and a business bank account How I keep my business and personal finances separate The simple spreadsheet system I use instead of QuickBooks How I track income, expenses, and deductions each month How I estimate and save for quarterly taxes (without surprises) How I organize my money for: taxes business expenses profit owner’s pay The difference between profit and paying yourself Tools I Mentioned I use a bookkeeping spreadsheet created specifically for TPT sellers. It helps me: track all income and expenses calculate deductions estimate quarterly taxes You can check it out: 👉 Emily Bryant Bookkeeping Remember: The goal is to create a simple system that works for you Even small changes like separating your accounts or tracking monthly can make a huge difference.   If you’re brand new and need help getting your TPT store started, I have a free starter mini course. You can get it here: Free TPT Starter Mini Course And if you’re in that in-between stage and you’re trying to figure out your next move, you can book a strategy call with me and we’ll map it out together. Book a Teacher Business Clarity Call 📧 Got questions or want to share your story? Email me at [email protected]. I read every message and would love to hear from you.