Here are our following accomplishments for August 2017 Visit:
- Send by email reconciliation report Jan-Jun 2017 Marketing and Accounting
- Send by email GM report template to be done on a monthly basis
- Policy and procedure on Cash handling
- Daily sales will be picked up by Treasurer
- Petty Cash should be recorded and put to safe
- Request petty cash must have petty cash request form, to be liquidated within the day or first in the morning on next day with official receipts and petty cash request form
- Party who requested the petty cash should be the one who will record to petty cash voucher for liquidation and submission
- Payroll policy and procedure to be implemented after it is brought up to a general meeting, at least a month before.
- Cut off on 15th payroll on the 20th of the same month.
- Cut off on 30th payroll on the 5th of the following month
- On general meeting we addressed the issue of gossip, grievances and false accusation.
- Confrontation with the parties involved, air their sides and create resolutions
- On general meeting we also addressed loose handling of cash. Account losses and charge losses to responsible personnel who handles cash
- Accounting of Total Outstanding Capitalization, reconciliation, email to Dr. Tito final capitalization to be declared officially with SEC once approved, to be certified by our accountant and pass to SEC
- Meeting with Metrobank with Working Capital Back to Back Loan with 4% interest per annum, while cash invested in index fund with approx 18% p.a. Subject to ups and downs due to market fluctuations
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