Profit First Professional™ (PFP)

What You’ll Learn | Course Description | Lessons

What You'll Learn

PREREQUISITE: Enrollment in the Universal Business Builder program which includes the Implementation of Profit First.

When you become a certified Profit First Professional™ (PFP) you’ve taken another step in your career to stand out in the crowd as someone that takes seriously their profession. This certification is a “must-have” for any professional who consults with business owners as the trusted strategic advisor regarding profitability. As such you become for your clients an accountability partner that following a specific process can help them make profit become deliberate and intentional.

This certification program is a learning process that is facilitated by the Profit First Headquarters partners. They are experienced and committed to your success as an accounting PFP professional helping you apply these proven strategies first in your business as well as with your clients.

Course Description

Leveraging Profit First

Ever since Mike Michalowicz became a full-time author in 2008 he has been blessed to be labeled as one of the top thought leaders for small business growth. His book, Profit First, has been the most successful and popular of all his books. It means entrepreneurs and business owners are more than just interested in profit, they are taking action. This means there are:

Entrepreneurs who are already familiar with Profit First and want your help.
Entrepreneurs who you can make aware of Profit First and they will instantly find information on how powerful Profit First is.
An estimated 30,000 implementations of Profit First by small businesses already – in other words, it is a proven system!

Benefits of Leveraging Profit First:

– When prospecting, you will be able to create far better leads instantly by leveraging the Profit First brand.

– We will support you in converting leads into clients. As a trusted third party expert, any leads you generate by leveraging your affiliation to Profit First will know that you are an integral part of the brand. We are ready, willing, and pumped to get on the phone with you and close sales.

– Every time we, a fellow PFP, or you markets Profit First, the awareness grows. You are being marketed even when you are not marketing!

Your Enrollment Also Includes

Assigned Coaches and Mentors

An Orientation Counselor to help you get set up and through the training

Unlimited Profit First support every step of the way to attract and work with high-quality clients who are eager to implement the proven Profit First Professional system

Listen to Mike and Roger discuss the opportunities in the accounting profession HERE!

You also need to listen in to Ron and Roger HERE:

Your Enrollment Also Includes

Assigned Coaches and Mentors

An Orientation Counselor to help you get set up and through the training

An Academic Coach (tutor) to learn the material and help with related real world questions

A Marketing Coach to help you apply our proven turnkey business plan to find and engage with your ideal clients as you start and build your business. Upon completion of the program you’ll have the opportunity to speak with your assigned business coach and have a Marketing Implementation Session. This will be a one-on-one discussion to develop your business plan and a clear marketing strategy to get you the clients you need.

Career Options

This course prepares you for possible employment in the following occupations:

Accountant Accounts Payable Clerk
Accounts Receivable Clerk
Bookkeeping Clerk
Payroll Clerk
Accounting Clerk
General Ledger Bookkeeper

Office Manager
Accountant
Controller
Full-charge Bookkeeper
Internal Auditor
General Ledger Accountant

Lessons

Upon enrollment you’ll go through the training online and work with your personal coach and mentor to offer this service with your clients.

Profit First Professional CORE training and guidance on how to integrate the simple yet powerful Profit First Professional methodology into your existing service offerings to make you stand head and shoulders above the competition.

Profit First Certification – After completing the online training and later attending the 2-Day LIVE Workshop the program you’ll be certified. This is designed to take six months to complete and is calculated to require approximately 12- 15 hours a month to accomplish. Although the system is typically completed in six months, the training can be completed within two to three months. (Profit First Professional is a membership organization associated with a very strong brand and is renewed with Profit First Professional directly)

Done-for-you templates and marketing materials for your website, presentations, live workshops, email and more! By being part of the Profit First Professionals family, you immediately have a distinct brand position.

Distinctive Profit First certification logo for your website and promotional materials to immediately brand you as a top-notch service provider

Online community of collaborative professionals who support each other’s success while championing entrepreneurial financial health from the inside out. Our Facebook Forum is our private, members-only page, on Facebook. It is actively monitored and support by both the staff at HQ and your fellow PFP members.

Module 1 of the Professional Bookkeeper™ program, Accounting Made Easy, teaches you the fundamentals of Bookkeeping in a practical, hands-on methodology. You will learn by doing, the best way for the skills that you gain to stick. If you have ever read a book on a subject and found that you couldn’t retain the knowledge when you needed it later, you already know the value of learning by doing, involving more of your brain in the learning process. As you complete the practice sets in the Professional Bookkeeping course, you become familiar with the processes involved in day-to-day PB Accounting and Bookkeeping tasks. They become second nature to you, enabling you to focus on higher level things.

Module 2 teaches you how to apply those principles to specific industries. You will learn to set up books from scratch, setting up all of the ledgers and journals needed to do full service Bookkeeping Accounting for your paying clients. Your clients will learn that you are the only financial analyst that they will ever need because you can do it all!

The purpose of the 3rd module is to help you set up a complete bookkeeping system, and manage clients from a variety of more sophisticated industries for your new accounting and bookkeeping business.

This 4th module is designed to assist you in successfully creating your own professional in-home, or office-based bookkeeping and accounting service. It gives you the turnkey process to start and build a successful accounting business so you can be in business for yourself but not by yourself.

Learn the most common industries along with their specific nuances associated with them in accounting with the following exercises:

Artistic Furniture – Essentials of Small Business Accounting – Learn the function of the journal including Purchase, Cash Disbursements, Sales, Cash Receipts, Payroll, General Journal and Standard Entries Journals.
Barry’s Gas and Groceries – Practical Applications in the Retail Industry – Complete a full month of the bookkeeping cycle including making journal entries, posting to the general ledger and creating financial statements.
Stewart’s Bakery – Practical Applications in the Food Service Industry – Not only do you learn some of the inventory strategies for a restaurant but also learn about subsidiary ledgers and how to use them.
City Clothing Center – Practical Applications in the Apparel Industry – Complete a full month of the bookkeeping cycle including making journal entries, posting to the general ledger, creating financial statements and complete the subsidiary ledgers.
City Cycle Company – Accounting for an Inventory Financed Business – Learn the advanced inventory finance industry by completing the books for a motorcycle dealership with specialties such as flooring & contracts in transit.
Sonja’s Art and Frame – Cash to Accrual Conversions – Understand the difference between Cash and Accrual Accounting and even learn how to have the ease of Cash Accounting and yet convert to understand the accuracy of Accrual Accounting.
CR Construction – Construction Accounting – Know the difference of Jobs in Progress, Progress Billings and work with housing inventory.
New Moreland Church – Accounting for Non-Profit Organizations – What are the most important things to track for organizations that are not in business to make a profit.
Alfredo’s Deli – Practical Applications in the Fast Food Service Industry – Solidify your skills with competing a delicatessen from a-z.
Carl’s Chiropractic Clinic – Practical Applications in the Medical Industry
Abernathy’s Photography Studio – Practical Applications in the Service Industry

Other learning processes include:

Auditing Books for Accuracy – Make sure that you check your books each year
Setting Up Books From Scratch – How do you start with a company if they have never had a set of books or when you take over from a previous bookkeeper.
The 13th Month – Learn how to create and enter the transactions for the end of the year and close out the General Ledger for the end-of-year.
Accounting for a Manufacturer – Easily understand and calculate the complex inventory movement of Raw Materials Inventory, Labor Inventory, Work in Process Inventory and Finished Goods Inventory.