In order to determine the profitability of your business each month you should look at your income statement, also known as a profit and loss statement. If you are keeping your books with a software program such as QuickBooks, once your data is entered you can just go to the report function and the software will automatically create the report for you.
You should review the report to see where your expenses were and if any of them were out of the ordinary. You will also see how profitable a month you had.
By taking a look at the statements each month you can keep expenses in check and not be surprised at the end of the year.
If you do not have time to enter the data yourself, you should consider hiring a freelance bookkeeper/accountant so that you are able to track where you are at financially all year long.
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