When money comes into your main INCOME account, **it simply acts as a serving tray for the other accounts**. You then periodically **disperse all the money from the INCOME account into different accounts in predetermined percentages**. Each of these accounts has a different objective: **one is for profit, one for owner compensation, another for taxes, and another for operating expenses**. Collectively, these are the five foundational accounts (Income, Profit, Owner’s Comp, Tax, and Operating Expenses), --- **Tags** — [[quotes]], [[interpersonal-skills]] **Source** — [[202303291359 - B - Profit First]]