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.