Profitability per project is a vital metric for the successful design professional. Whether you work on an hourly fee or flat fee basis, knowing which projects and which categories of goods are profitable, can direct sourcing options, marketing efforts, and long-term plans for success.

Julia Nikishina, founder of New Age Financial Consulting, discusses best practices for financial management in the interior design industry and the importance of accrual accounting and accurate cost tracking to increase profits.