Prosynergy Bookkeeping · Monthly Financial Review

May 2026 Insights for Hoosier Interior Door

Prepared by Titus Kuepfer · Prosynergy Bookkeeping

Revenue — May

$101,892

-34% from April

Net Income — May

$3,866

↑ Back to positive (Apr was $917)

Cash on Hand

$19,134

Down $62,780 in May

Profit Quality Score

-16.24

Concern — A/R driving the gap

“May revenue dipped and cash dropped sharply — but margins improved and the line of credit is now clear.”

Three Power Insights

$151,917 Is Owed — Get It Moving

Cash fell from $81,914 to $19,134 because $39,481 in May invoices didn’t come back in. $12,075 is over 90 days old, and Jeremy Gingerich alone owes $58,184 — 38% of everything outstanding.

✓ Consider putting late fee requirements on all new invoices going forward. Call Gingerich directly — don’t rely on email alone.

Revenue Dipped, But Margins Were the Best in Four Months

May revenue of $101,892 was 20% below the prior three-month average. Gross margin hit 45.8% — up from 41.0% in April and the best since March. The jobs you closed in May were solid. This is a volume issue, not a cost problem.

✓ Focus on closing jobs in June to restore revenue volume.

Checking Is Overdrawn — Route Incoming Payments There First

The main checking account ended May at -$12,122. Total cash is $19,134 between both accounts, but a negative checking balance adds unnecessary risk.

✓ Deposit the next incoming A/R payments into checking to bring it back above zero.

Profit & Loss Summary — Feb through May 2026

	Feb 2026	Mar 2026	Apr 2026	May 2026	4-Mo Avg
Revenue	$71,141	$159,304	$153,796	$101,892	$121,533
COGS	$67,621	$66,272	$90,674	$55,251	$69,955
Gross Profit	$3,520	$93,031	$63,122	$46,641	$51,579
Gross Margin %	4.9%	58.4%	41.0%	45.8%	37.5%
Operating Expenses	$36,679	$55,573	$61,951	$42,323	$49,131
Net Operating Income	-$33,159	$37,458	$1,171	$4,319	$2,447
Net Income	-$32,744	$37,501	$917	$3,866	$2,385
Net Margin %	-46.0%	23.5%	0.6%	3.8%	2.0%

Cash Flow Waterfall — May 2026

What This Means

+$3,866

The business earned a profit in May.

-$39,481

New invoices went out and didn’t get paid. That cash is still on the street.

-$20,000

Line of credit paid off in full. That chapter is closed.

-$7,165

A/P and state taxes paid down.

Net -$62,780

Cash fell from $81K to $19K. Nearly all of it is sitting in unpaid invoices.

Key Accounts Snapshot

Cash

$19,134

Down $62,780 in May

Accounts Receivable

$151,917

DSO: 44.7 days

Accounts Payable

No outstanding vendor bills

Line of Credit

Paid off in May ✓

Profit Quality Score

Earnings not converting to cash — A/R is the driver

-16.24

Concern

Financial Health Ratios

Watch

Gross Margin

45.8%

Strong this month, but highly variable — ranged from 4.9% to 58.4% over four months.

Watch

Net Margin

3.8%

Thin but positive. Collecting outstanding A/R would move this significantly.

Watch

A/R Days Outstanding

44.7

Right at the 45-day flag threshold. Getting paid faster is the priority.

⚠ Before Next Month

The Event

$12,075 in receivables is 90+ days old across 14 customers. Jeremy Gingerich ($58,184 total A/R) is the largest exposure and has a balance over 90 days. Cash sits at $19,134 and the main checking account is overdrawn.

Estimated Impact

Collecting the 91+ day balances ($12,075) clears checking. Collecting half of Gingerich’s balance (~$29,000) brings total cash to a comfortable level heading into summer.

One Action Item

Consider adding late fee terms to all new invoices going forward. Call 91+ day customers directly to follow up — start with Jeremy Gingerich.

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