Oh My Dollar LLC

The forum will auto resize and we dump the full size files now after 24 hours! So please don’t worry.

I am still blown away by the fact that my phone has 256x more storage space than the computer I learned to code on…

Hey, some of the forum is legit just hosted in our house :wink: Which is not exactly a meggga data center.

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Ooh, fancy! My first that had internal storage, circa 1992, had 200mb.

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TRS-80.

April Income & Sales: +$1120.57

  • Book + Kindle Sales (net after fees): $317.98
  • Freelancing: $75.00
  • Patreon Memberships: $377.59
  • Speaking Fees: $350.00

Expenses: -$489.99

  • Travel Expenses: $224.06 (hotel for NYC)
  • Shipping: $9.00
  • Hosting + Software: $116.93
  • Payroll & Contractors: $100.00
  • Phone : $40.00
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back on the reporting horse…

January 2020 OMD Business Income + Expenses Report

This is cash-based accounting, not accrual, so this only accounts for income received this month, not invoices billed.

Gross Receipts + Sales: $1,518.52

  • Amazon Book + Kindle Sales (net after fees): $173.31
  • Shopify/Direct to Consumer Book Sales: $401.44
  • Radio Ads: $17.17
  • Wholesale (Buyolympia): $389.60
  • Interest: $.15
  • Patreon Memberships: $536.85

Total Expenses: $951.87

Contractors: $267.90

  • Engineering: $200
  • Transcription : $67.90

Operating Expenses: $201.07

  • Phone: $40.00 (last month at this rate, switched to Mint)
  • Convertkit: $49.00
  • Exist.io $6.00
  • Backblaze : $6.00
  • Hosting + Servers: $20.00 (Linode and Dreamhost)
  • Sonix: $18.90 (will be phased out as I do the work to copy old transcripts out of their player)
  • Adobe Creative Cloud: $29.99
  • Marketing: $24.90

Cost of Goods Sold: $279.42

  • Samples for new product: $14.49
  • Shopify Monthly Fee: $29.00
  • Shipping Supplies: $3.00
  • Stickers : $58.50
  • Calendars: $11.78
  • Shipping: $162.65

Equipment: $203.48

  • Headphones: $63.49
  • Computer Peripherals: $139.99

Net Income: $566.65

  • Tax Savings: $141.00 (25% of net income)
  • Lily’s Salary: $50
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February 2020 OMD Business Income + Expenses Report

This is cash-based accounting, not accrual, so this only accounts for income received this month, not invoices billed.

Gross Receipts + Sales: $878.00

  • Amazon Book + Kindle Sales (net after fees): $63.86
  • Shopify/Direct to Consumer Book Sales: $114.80
  • Radio Ads: $26.47
  • Wholesale (Buyolympia): $125.10
  • Interest: $.02
  • Patreon Memberships: $582.98
  • [Reconciling Adjustment]: -$8.56

Total Expenses: $529.15

Contractors: $118.60

  • Artwork $85.00
  • Transcription : $33.60

Operating Expenses: $243.51

  • Phone: $0 (prepaid)
  • Office Supplies: $68.77
  • Research: $9.86
  • Convertkit: $49
  • Exist.io $6.00
  • [Meals] $9.13
  • Backblaze : $6.00
  • [Storage] $8.97
  • Hosting + Servers: $20.00 (Linode and Dreamhost)
  • Sonix: $18.90 (will be phased out as I do the work to copy old transcripts out of their player)
  • Adobe Creative Cloud: $29.99
  • Marketing: $20.79

Cost of Goods Sold: $118.16

  • Shopify Monthly Fee: $29.00
  • Shipping Supplies: $11.99
  • Shipping: $77.17

Equipment: $13.99

  • Computer Peripherals: $13.99

Net Income: $348.85

  • Tax Savings: $87 (25% of net income)
  • Lily’s Salary: $0
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March 2020 OMD Business Income + Expenses Report**

I am not living off OMD income this year, so I’m investing more into contractors and other people to work on the show while I work two other jobs. However, this month I really saw most of my regular income tank - 5 speaking gigs were cancelled (after I already spent the money on travel), wholesale book sales are now 1/4 of what they usually are since retail shops are closed, no body is buying physical books or stickers online right now - radio ads and patreon are the only thing I have keeping me going. Luckily I’m not living off this income, because if I was, I’d be in dire shape. Luckily I have savings in the business, and I pre-plan for expenses, so things will be okay. But they will be tight for a few months.

This is cash-based accounting, not accrual, so this only accounts for income received this month, not invoices billed.

Gross Receipts + Sales: $1000.03

  • Amazon Book + Kindle Sales (net after fees): $10.78
  • Shopify/Direct to Consumer Book Sales: $10.90
  • Radio Ads: $40.61
  • Wholesale (Buyolympia): $123.74
  • Interest: $.03
  • Speaking: $300
  • Patreon Memberships: $513.97

Total Expenses: $1,208.32

Travel: $450.80

  • Flight (Gig Cancelled, Now a Flight Credit) $206.80
  • Hotels (Gig Cancelled, Pursuing Refund) : $244.00

Contractors: $300.71

  • Artwork $57.91
  • Engineering : $200.00
  • Transcription : $33.60

Operating Expenses: $298.27

  • Phone: $0 (prepaid via Mint - average is $20 a month)
  • YNAB: $45 (annual fee)
  • Streaming Fees: $19.99
  • Domains: $27.94
  • Convertkit: $49
  • Exist.io $6.00
  • Meals: $0
  • Backblaze : $6.00
  • Storage: $3.98
  • Hosting + Servers: $20.00 (Linode and Dreamhost)
  • Media Subscriptions : $5
  • Sonix: $15.00 (will be phased out as I do the work to copy old transcripts out of their player)
  • Adobe Creative Cloud: $29.99
  • Marketing: $51.37 (new business cards, marketing materials, and events for OMD)

Cost of Goods Sold: $76.49

  • Shopify Monthly Fee: $29.00
  • Stickers: $19.00
  • Shipping: $28.49

Equipment: $79.95

  • Audio Equipment: $79.95

Net Income: -$169.79

  • Tax Savings: $0 (25% of net income)
  • Lily’s Salary: $0
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I saw some stories early on that Adobe was making Creative Cloud subscriptions free for existing users for two months – any chance you can still snag that deal?

Info: https://www.windowscentral.com/you-can-get-two-months-adobe-creative-cloud-free-getting-it-requires-some-odd-steps

I thought about doing it, but I’m still getting educational pricing - and I’m worried threatening to cancel would kill my access to educational pricing (which saves me $20 a month).

April 2020 OMD report

Gross Receipts + Sales: $954.85

  • Amazon Book + Kindle Sales (net after fees): $8.21
  • Shopify/Direct to Consumer Book Sales: $10.90
  • Radio Ads: $24.85
  • Wholesale (Buyolympia): $32.18
  • Refund from Hotel for cancelled trip: $244
  • Patreon Memberships: $634.71

Total Expenses: $747.44

Equipment: $382

  • Phone: $382 (this came from sinking funds, I’d been saving for quite a long time)

Contractors: $102.10

  • Artwork $52.50
  • Transcription : $49.60

Operating Expenses: $220.94

  • Phone: $67.78 (prepaid for 3 months via Mint – average is $20 a month)
  • Licensing: $1.29
  • Convertkit: $49
  • Exist.io $6.00
  • Mailgun : $7.65
  • Meals: $6.25
  • Backblaze : $6.00
  • Storage: $6.98
  • Hosting + Servers: $20.00 (Linode and Dreamhost)
  • Media Subscriptions : $5
  • Sonix: $15.00 (will be phased out as I do the work to copy old transcripts out of their player)
  • Adobe Creative Cloud: $29.99

Cost of Goods Sold: $42.80

  • Shopify Monthly Fee: $29.00
  • Shipping: $13.80

Net Income: $207.41

  • Tax Savings: $51 (25% of net income)
  • Lily’s Salary: $0
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In the black!

Yea! Not paying myself like I was before but in the black this month at least.

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