Squared Away Agenda
7/15/2021
Michelle, Shane, Kelsey, Elton, Roni, and Beth
1. Financial Statement Overview –
a. Sales
i. Gross sales are up $40K (up 8%) compared to May
b.
Gross Profit
i. June’s gross profit is down $9K (6%) compared to May
ii. June’s gross profit percentage is 31% vs YTD Avg 35%
iii. The trailing 12-month gross profit percentage is 35%
c.
Operating Expenses
i. Op expenses were up $17k (25%) compared to May
ii. Notable variances are:
· Office Software Exps are up $11k (Log Me In $13k)
· Employee Salaries up $3K
· Stripe fees up $1.3K
d.
Bottom Line
i. June had net income of $82K a decrease of $7K from May
ii. YTD income is $592K an increase of $492K (495%) from Jan-June 2020 YTD!
e. Cash provided by operations was $119K for the month of June, up $34K from May
i. Owner distributions were $75K in June – making a net cash usage in May of $44K
ii. Net cash increase is $592K for the trailing 12 months ended 6/30/21 ($377K for YTD 2021)
Agenda Items:
1. Review June financials – Highlights, questions
a. Updates to Coda reporting
2. Time budget
3. Tax planning
4. Discussion points/questions
Notes:
Action Items
1.
2.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more