Bookkeeping & Accounting are the language to business life.
Simplify your record-keeping process with our knowledge.
Simplify your record-keeping process with our knowledge.
At Bean Counting Services, LLC, I’m committed to supporting all your bookkeeping and accounting needs. With over 25 years of experience, I’ve had the privilege of serving many satisfied clients. However, the greatest reward is building lasting relationships and ensuring every customer is confident, supported, and happy to continue working together.
Choosing your salary level
We know it's often hard to figure out how to determine your own salary level for your business. Here's the top 5 ways to determine a salary level.
1. Start with your business profits
Look at what your business actually earns after expenses. Your salary needs to come from real, consistent profit, not projected income.
2. Follow industry benchmarks
Research what others in your role/industry pay themselves. This gives you a realistic range so you’re not underpaying—or overextending your business.
3. Use a percentage method
Many owners pay themselves a set percentage of revenue or profit (for example, 30–50% depending on margins). This keeps your pay tied to performance.
4. Cover your personal financial needs
Work backward from your personal budget—what do you need monthly to live comfortably? Then check if your business can realistically support that.
5. Balance reinvestment vs. pay
Make sure you’re not draining the business. Leave enough for taxes, growth, and reserves before deciding your salary.
I strive to stay in communication with our clients. Have a question about our business, or want to see if we match your specific needs? Send us a message, or give us a call. We're always happy to meet new customers!
P.O. Box 243, Johnstown, CO 80534
Let's Chat: (303) 710 - 5670 or Email: info@beancountingservicesllc.com
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