Episode 345 | Why Your Best Revenue Year Left You Broke: The Cash Flow Truth No One Tells You
About this episode
In this episode, Davina Frederick and guest Ryan Kimler discuss the critical differences between net profit and net cash flow for law firm owners.
Have you ever walked out of a meeting with your accountant the one where they told you what a fantastic year you had and quietly thought, "Then why doesn't my bank account agree?" If so, you are not alone. And you are not bad at business. You are simply missing a piece of the financial picture that almost no one explains clearly to law firm owners. In this special episode of the Wealthy Woman Lawyer® Podcast, Davina hands the mic to Ryan Kimler, founder of Net Profit CFO and CFO Coach for Wealthy Woman Lawyer, for a conversation that could completely change how you understand the money moving through your firm. Ryan breaks down one of the most common and most expensive points of confusion for law firm owners: the gap between net profit and net cash flow. Because these are not the same number. And until you understand why, you will always be left wondering where the money went. In this episode, Ryan walks you through: Why your accountant can tell you it was a great year while your bank account tells a completely different story The difference between net profit and net cash flow and why that gap matters more than most owners realize The real reason taxes hit harder than expected…
More episodes of Wealthy Woman Lawyer Podcast, Helping you create a profitable, sustainable law firm you love
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- Episode 344: Burnout Recovery Without Leaving Your Law Firm
- Episode 343 | What’s Your Firm Actually Worth? The Exit Conversation Most Women Law Firm Owners Avoid
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