Accounting
Department: Overview of Projects for October and November *
1st priorities:
·
VP Accounting: Financial part of Business Plan including
Break-even Analysis –See Nancy Phillips PP on Financial Data for the Business
Plan” under “Business Plan “ link on my website
Accounting
Department Tasks:
·
Business Loan; Your Accounting Department also needs to finish
the part of the business plan that decides how much of a start-up Business Loan
your company needs. This application is
In the Back Office of the VirtuBank.
You’ll want this start-up money to be deposited when you open for
business Nov. 1st.
·
Business Contract
for Salaries to be submitted to
Nancy’s Office by October 25th. Nancy has shared earlier in this email how to do it. She also made available Power Points on
these subjects that are available on my site under the “Business Plan” link.
You submit both of these through the “Back Office “ of the VirtuBank. NOTE: The VirtuBank only deposits the salary
contact monies on the 1st of each month. If you miss this deadline, salary money won’t be available until
Dec.1st. If you want your
Business Loan start-up funds at the start of business on November 1st
then that too must be submitted by October 25th to insure deposit to
your company account on November 1st.
Department Job Training: Probably in November. You can use the training software materials provided for you for A/R, Payroll, and Financial Statements from Jerry or the kids need to be trained for those jobs with other software. Good idea to cross-train everyone in that department, including the Banker.