February 2009 YTD
Gross Income $4,940.29 $7,752
Business Expenses
Office supplies 39.99
Train ticket(s) 32.30
Malpractice insurance 83.70
Credit card processing fees 23.68
Web host 9.95
Mail/postage 68.03
Cell phone(s) 92.00
eFax 19.95
eVoice 54.95
Bank service charge 30.00
Office space 45.00
Marketing materials 70.51
Petty cash/lunches/gas 83.17
Business Expense Total: $653.23 $1,649.19
February 2009, Net Income: $4,287.06 $6,102.81
Peter’s Commentary: Sort of a ho-hum month but with momentum starting to build. Since February income is primarily January billing there’s a bit of a holiday period hangover/slowness and some seasonal slowness related to our real estate practice. Made some marketing investments that I expect to payoff in coming months.
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Your expenses are impressively low. And, you’re not getting ate up by the biggies:
* Secretarial, Social Security, unemployment, worker’s comp;
* Yellow Pages advertising
Where I live, judges practically insist the family bar use FinPlan.
You may be the only lawyer blog I read that has posted something like this.
Posting income and expenses? You are a braver man than I am.
Not sure of the usefulness of the Yellow Pages these days. I hear of their rates and frankly just don’t remember using one in 5+ years myself.
Selfishly, I want to post my monthly income/expenses as much as anything to motivate me to “keep the books” better. That’s not something I’ve done well with over the last few years.