Financial Summary 2022-2023

First year operating as a company

Hi Folks,

The accounting has been done for the first year operating as a company. I've decided to publish the results to bring you all along on this journey of starting a company, as well as to reassure that the pricing is fair and that the business is sustainable. 2022-2023 resulted in an 1499 AUD profit so I won't be leaving my day job, but it's in the right direction.

Transaction fees averaging 7.2% are a visible chuck of the pie. It would be nice to be able to lower this figure, but it seems 30c + 3% is a defacto industry standard. This means the fees for a $5 transaction will be about 10% of the transaction, with the fee tapering off to 3% as the volume goes up. So I'm still on the lookout for less expensive payment options that are still convinient to use.

AWS is a the biggest expense at a little over half the revenue. This does include expenses not directly tied to hosting instances including updating DCS, mistakes / bugs, deployment, developemnt and testing, so I'm pleased it's not higher. A couple of times ive forgotten to delete old DCS installs or old windows images which has incurred a cost, but for the most part I've managed to stay on top of it.


Revenue6136 AUD
Transaction Fees447 AUD
Company Registration Fees250 AUD
Accounting Fees632 AUD



Ready Web Services Pty Ltd ABN: 28 657 568 977