Q1 2026 Snapshot
Q1 Revenue
$15,570
Services only · No COGS
Q1 Net Income
$13,859
Net margin: 89.0%
Total Expenses
$1,771
11.4% of revenue
Cash at Mar 31
$1,197
Down from $2,436 at Jan 1
Operating Cash Flow
$14,059
Strong ops cash generation
Owner Draws + Taxes
$15,297
Incl. $2,020 est. tax payments
Monthly Revenue Trend
Monthly Net Income Trend
Q1 Expense Breakdown
General Business
$1,386
Office Expenses
$475
Travel & Meals
$49
QBO Fees & Other
$61
Month-over-Month Performance
| Metric | Jan | Feb | Mar |
|---|---|---|---|
| Revenue | $5,490 | $3,050 | $7,030 |
| Expenses | $467 | $793 | $511 |
| Net Income | $5,023 | $2,257 | $6,519 |
| Net Margin | 91.5% | 74.0% | 92.7% |
| MoM Rev Δ | — | ▼ 44.4% | ▲ 130.5% |
Profit & Loss by Month
| Account | Jan 2026 | Feb 2026 | Mar 2026 | Q1 Total | Mar vs Feb Δ$ | Mar vs Feb Δ% |
|---|---|---|---|---|---|---|
| Income | ||||||
| Services | $5,490 | $3,050 | $7,030 | $15,570 | +$3,980 | +130.5% |
| Total Income | $5,490 | $3,050 | $7,030 | $15,570 | +$3,980 | +130.5% |
| Gross Profit | $5,490 | $3,050 | $7,030 | $15,570 | — | — |
| Operating Expenses | ||||||
| General Business | ||||||
| Advertising & Marketing | — | $35 | — | $35 | -$35 | -100% |
| Bank Fees | — | $15 | $15 | $30 | — | 0% |
| Memberships & Subscriptions | $60 | $60 | $60 | $180 | — | 0% |
| Accounting Fees | $250 | $250 | $258 | $758 | +$8 | +3% |
| Supplies | $26 | $83 | $110 | $219 | +$27 | +32% |
| Total General Business | $335 | $408 | $443 | $1,186 | +$35 | +8.5% |
| Office Expenses | ||||||
| Shipping & Postage | $40 | $15 | — | $55 | -$15 | -100% |
| Software & Apps | $77 | $275 | $68 | $420 | -$207 | -75.2% |
| Total Office Expenses | $117 | $290 | $68 | $475 | -$222 | -76.5% |
| QBO Payments Fees | $15 | $10 | — | $25 | -$10 | -100% |
| Travel & Meals | — | $49 | — | $49 | -$49 | -100% |
| Total Operating Expenses | $467 | $793 | $511 | $1,771 | -$282 | -35.6% |
| Net Operating Income | $5,023 | $2,257 | $6,519 | $13,799 | +$4,262 | +188.8% |
| Other Income | ||||||
| Credit Card Rewards | — | — | $59 | $59 | — | — |
| Net Income | $5,023 | $2,257 | $6,579 | $13,859 | +$4,322 | +191.5% |
Statement of Cash Flows
Operating Cash Flow
$13,859
Strong — driven by net income
Financing Outflows
($15,297)
Owner draws + est. taxes
Net Cash Change
($1,438)
Ending cash: $1,197
| Line Item | Q1 2026 |
|---|---|
| Operating Activities | |
| Net Income | $13,859 |
| Adjustments | |
| Net Cash from Operating Activities | $13,859 |
| Investing Activities | |
| No investing activity | — |
| Financing Activities | |
| Estimated Tax Payments | ($2,020) |
| Owner Draws | ($13,277) |
| Net Cash from Financing Activities | ($15,297) |
| NET CASH INCREASE / (DECREASE) FOR PERIOD | ($1,438) |
| Cash at Beginning of Period (Jan 1, 2026) | $2,436 |
| CASH AT END OF PERIOD (Mar 31, 2026) | $1,197 |
Balance Sheet — March 31, 2026
Total Assets
$1,196.99
All current — no fixed assets
Total Liabilities
$0.00
Debt-free balance sheet
Total Equity
$1,196.99
Ties to total assets ✓
| Assets | Mar 31, 2026 |
|---|---|
| Current Assets | |
| Bank Accounts | |
| BUS Complete CHK (3360) | $1,604.06 |
| PayPal | ($213.08) |
| QuickBooks Checking | ($193.99) |
| Total Bank Accounts | $1,196.99 |
| Accounts Receivable (A/R) | $0.00 |
| Payments to Deposit | $0.00 |
| Total Current Assets | $1,196.99 |
| TOTAL ASSETS | $1,196.99 |
| Liabilities & Equity | Mar 31, 2026 |
|---|---|
| Liabilities | |
| Total Liabilities | $0.00 |
| Equity | |
| Estimated Tax Payments | ($8,080.00) |
| Owner Draws | |
| Owner Draws | ($140,842.06) |
| Personal Expenses | ($176.02) |
| Total Owner Draws | ($141,018.08) |
| Retained Earnings | $136,436.54 |
| Net Income | $13,858.53 |
| Total Equity | $1,196.99 |
| TOTAL LIABILITIES & EQUITY | $1,196.99 |
✓ Balance sheet ties. Total Assets ($1,196.99) = Total Liabilities & Equity ($1,196.99). Net Income on balance sheet ($13,858.53) matches P&L within rounding. Accrual basis as of March 31, 2026.
CFO Commentary
TurnkeyCFO · Monthly Financial Summary
Mosquera Counseling LLC — Q1 2026
Q1 closed strong — March was your best revenue month of the quarter at $7,030, and the business generated nearly $14,000 in operating cash on only $1,771 in total expenses. The one area to watch is ending cash: after owner draws and tax payments, you finished March with $1,197 on hand.
Financial Snapshot
Q1 Revenue
$15,570
Mar best month: $7,030
Gross Margin
100%
No COGS — services only
Net Income
$13,859
89.0% net margin
Cash at Mar 31
$1,197
↓ from $2,436 at Jan 1
Key Observations
- Revenue is highly variable month-to-month — $5,490 in January, dropping 44% to $3,050 in February, then nearly doubling to $7,030 in March. This pattern is common in counseling practices (seasonal, insurance timing, client scheduling) but worth tracking to understand if February was an outlier or a recurring soft month.
- Expenses are lean and well-controlled at 11.4% of Q1 revenue. The largest categories are Accounting Fees ($758 for the quarter) and Supplies ($219), both reasonable for a professional services practice of this size.
- Expenses dropped sharply in March to $511 — a 35.6% improvement vs. February's $793. The General Business category normalized after a February spike, and Software & Apps came back down to $68 from $275 in February.
- February's Software & Apps spike to $275 (vs. $77 in January and $68 in March) looks like an annual renewal or one-time purchase. Confirm what drove it — if recurring, it should be budgeted accordingly.
- Owner draws of $13,277 plus estimated tax payments of $2,020 totaled $15,297 in Q1 — slightly outpacing operating cash flow of $14,059, which is why ending cash decreased by $1,239. This is sustainable as long as Q2 revenue holds.
Watch Items
Ending cash is low ($1,197): Not an emergency, but worth monitoring in Q2. The business generated $14,059 in operating cash flow but drew $15,297 between owner draws and estimated tax payments — slightly more than was brought in. A comfortable working capital buffer is 1–2 months of expenses (~$700–$1,400), which puts you right at the floor.
PayPal and QBO Checking show negative sub-balances ($213 and $194 respectively): These net out fine in total bank balance, but worth confirming they clear in early Q2 — negative sub-accounts can cause payment processing issues.
PayPal and QBO Checking show negative sub-balances ($213 and $194 respectively): These net out fine in total bank balance, but worth confirming they clear in early Q2 — negative sub-accounts can cause payment processing issues.
Q2 2026 Outlook
Based on Q1 performance, the business is generating strong, high-margin revenue with minimal overhead — an excellent financial position. The primary variables for Q2 are session volume (which directly drives the single revenue line) and the timing of owner draws relative to cash collection. If March's $7,030 pace is maintained or improved, Q2 should be comfortably profitable. The main action item before Q2 close begins: confirm any open A/R balances and assess whether the February software spike will recur in Q2.