Vita’s Tip in 10 with Vita Vygovska: Mastering Monthly Meetings with Your Bookkeeper for Year-End Success

Episode 247 of Window Treatments for Profit

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247: Vita’s Tip in 10 with Vita Vygovska: Mastering Monthly Meetings with Your Bookkeeper for Year-End Success

Today with Vita Vygovska:

Welcome to Window Treatments for Profit. In today’s epidose, Vita talks about the importance of having monthly meetings with your bookkeeper to review your financial statements and performance. She explains the steps and details involved in going through the Profit and Loss statement, the Cost of Goods Sold, the operational expenses, and the net income.

Vita’s Ah-Ha Moments:

“Gross margin—the difference between revenue and cost of goods sold—is a pivotal metric. Aiming for 60-65% is the goal, and comparing this to last year’s performance guides us on the right track.” -Vita

“Whether you’re a solopreneur or managing a team, it’s essential to account for your salary as part of operating expenses.” -Vita

More About Vita Vygovska:

Vitalia Vygovska (Vita for short!), CWFP, MBA, is an award-winning window treatment specialist, author, speaker, and the LuAnn University instructor for Systems Driven Operations.