Ridgeway Plumbing Supply: September 2026 financial review
QuickBooks Online GL and AR aging as of 30 Sept 2026
Summary
September made $41,280 of net profit, up $6,940 (20.2%) on August, but cash fell $18,400 to $96,150 because receivables over 60 days doubled to $52,300. Profit is healthy; collections are the problem this month.
Scorecard
| Measure | August | September | Change |
|---|---|---|---|
| Revenue | $286,400 | $301,900 | +5.4% |
| Gross margin | 31.2% | 32.0% | +0.8 pts |
| Net profit | $34,340 | $41,280 | +20.2% |
| Cash at month end | $114,550 | $96,150 | −16.1% |
| Receivables > 60 days | $26,100 | $52,300 | +100.4% |
What moved and why
- Revenue: the Hillcrest Apartments re-pipe ($22,800) more than covered a $7,300 dip in counter sales.
- Margin: the August copper increase was passed through on the 1 Sept price list.
- Receivables: Benton Mechanical ($31,400, 74 days) and Kessler Builders ($12,900, 66 days).
Recommendations
- You: call Benton Mechanical about the $31,400 by Fri 10 Oct; get a payment date in writing.
- Us: send Kessler Builders a statement and reminder by Wed 8 Oct.
- You: hold new credit on accounts over 60 days from 15 Oct.
What we need from you
- The signed Hillcrest change order for $4,200, so we can bill it in October.