Actual Transaction Real(Chacha)

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    COMPANY AND

    PRODUCT POFILE

    Company name: SAINAMITY VIE

    Form of ownership: SOLE PROPRIETORSHIP

    Owner:Ms. Charina Francesca Torretejo

    Location: # 4 Aster St. Green Park Village Cainta Rizal

    Product: Seasoning mix made out of malunggay leaves Product name: OH! Moringa

    Sainamity Vie is a sole proprietorship type of business that aims to inoculate

    and offer new product that is healthy and monosodium glutamate free, this product

    goes by the name OH! MORINGA. Oh moringa is a seasoning mix that is basically

    made out of malunggay leaves with additives like chicken fats, iodized salt, onion,

    garlic, pepper and oil. Malunggay as we all known is a proven all around veggie with

    long list of vitamins and minerals that comes along. Its no brainer why this lowlyvegetable is a staple on the local Filipino food recipe.

    The edge of this product is that, not a single grain of MSG was added which favors

    health conscious people. It also offers the lowest price in the market for only Php. 2.95

    (SRP) with these consumers can rest assured that theyre entitled with massive health

    benefits.

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    TARGET MARKET

    FOLLOWING ARE THE PROSPECT CUSTOMERS:

    HOUSE HOLD CONSUMERS

    RESTAURANTS

    CANTEENS

    GROCERY STORES

    RETAIL STORES

    MALE AND FEMALE

    AGES 15 AND ABOVE

    The product does not demand for any gender preference. But as an often scenario

    girls are the usual cook at home. In terms of income basis typical house hold salaries falls

    under the bracket of Php. 12,000 to 15,000 but since our product is pretty much affordable

    with a selling price of Php. 3.50 per sachet any amount of income will do.

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    A. LIST OF TOOLS / EQUIPMENTS NEEDED IN THE PRODUCTION

    TOOLS & EQUIPMENTS QUANTITY UNIT PRICE(Php)

    SUPPLIER/VENDOR

    Frying Pan 1 450.00 Ms. Janine Bernal

    Mortar and Pestle 1 180.00 Ms. Ella Sobrevega

    Ladle 1 54.00 Ms. Jane Mensorado

    Knife 1 99.00 Mr. John Opalla

    Chopping Board 1 99.00 Mr. John Opalla

    Mixing Bowl 1 99.00 Mrs. Charlene Kim

    Foil 20 rolls 500.00 Mrs. Francesca EatonCover Paper 50 sheets 250 Mrs. Charlene Kim

    B. LIST OF RAW MATERIAL NEEDED IN THE PRODUCTION

    RAW MATERIALS QUANTITY UNIT PRICE(Php.)

    SUPPLIER/VENDOR

    Malunggay leaves 15 kg. 450.00 Mrs. Francesca Eaton

    Oil 5 liters 150.00 Ms. Jane Mensorado

    Pepper 10 sachets 10.00 Ms. Janine Bernal

    Chicken Fats 5 kg 200.00 Mrs.Francesca Eaton

    White Onion 30 pieces 150.00 Mr.John Opalla

    Iodized Salt 25 g 40.00 Ms. Cecille Paje

    Garlic 30 cloves 150.00 Ms. Katrina Andres

    C. LIST OF SERVICE PROVIDER

    UTILITY / SERVICE SUPPLIER/VENDOR APPROXIMATE AMOUNT

    Electricity MERALCO 1,000.00

    Water Manila Water 500.00

    LPG Gasoline Gasul 850.00

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    QUICKBOOKS

    Quickbooks is very useful to make your accounting records and business

    transactions a whole lot easier.Starting a small business is an exciting

    undertaking. While it requires infinite patience and lots of hard work, most small

    business owners are exhilarated by the ability to work for themselves and do

    something they love. Getting paid for your products and services is perhaps the

    most important part of running a small business. However, before you start

    making money, you need to figure out how you will record, track, and manage

    each of your hard-earned dollars. QuickBooks is the best-selling small business

    financial software1and helps small business startups do just that. QuickBooks

    makes it easy to organize all of your financial data in one central location so that

    you can manage your money, pay your bills, and track payments from your

    customers efficiently. Always know exactly where your business stands with

    QuickBooks.

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    GETTING STARTED

    In quicbooks as you enter necessary information transactions will be guided according to your inputs.

    1. Click start interview to begin entering information:

    2. entering your companys name, address, phone no.

    email add postal code, country and any other necessary

    information needed.

    Click NEXT

    3. Entering type of business youre engage to.(i.e

    sole proprietorship)

    Click NEXT.

    4. Entering month of your financial year choose

    JANUARY.

    Click NEXT.

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    5. Setting up your password. Keep in mind that

    quickbook is a formal transaction of your business.

    So your password must be confidential yet easy to

    remember.

    Click NEXT.

    To save your quickbook file the following images will appear.

    Click NEXT

    Quickbooks keep an automatic saving of file as you confirm.

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    CUSTOMIZING QUICKBOOKS

    Select what you sell (i.e products)

    Click NEXT.

    For the following interviews choose as recommended for your business:

    VAT CHARGES YES

    ESTIMATES NO

    TRACKING CUSTOMER SALES ORDER YES

    SALES RECEIPT YES

    INVOICE NO

    MANAGING BILLS YOU OWE YES

    TRACKING STOCKS NO

    TRACKING TIME YES

    EMPLOYEES YES

    USING ACCOUNT Click next

    In selecting a date to start tracking your finances choose

    BEGINNING of financial year then click NEXT.

    For bank account chooseYES

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    Enter your bank account name then choose BEFORE.

    ClickNEXT.

    In banking statement account enter your ending date.

    Reviewing bank accounts choose NO

    Reviewing income and expense account choose

    SALES

    And just like that your Quickbook interview is done. You can now officially use Quickbooks for

    your business transaction.

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    QUICKBOOKS HOME PAGE

    After the interview, you will enter the homepage in which it allows easy access to the CUSTOMER

    CENTER, SUPLLIER CENTER, EMPLOYEE, CHART OF ACCOUNTS, ITEM LIST, RECORDING

    DEPOSITS and other things you will frequently need in your daily transactions.

    To start quickbooks officially:

    1. On the chart of accounts click ACCOUNT and NEW

    Choose BANKfor account type.

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    IN THIS WINDOW, YOU CAN ENTER THE BANK ACCOUNT NAME AND DESCRIPTION (YOU CAN

    EDIT THIS ANYTIME BY ACCESSING THE CHART OF ACCOUNTS MENU. CLICK THE CHANGE

    OPENING BALANCE BUTTON TO ENTER OPENING BALANCE.

    CLICK OK. YOU FIND THE ACCOUNT AT THE UPPER RIGHT CORNER OF THE HOME PAGE.

    YOU CAN ADD MORE ACCOUNTS BY FOLLOWING THE INSTRUCTIONS ABOVE.

    ENTERING ITEMS

    As for the type of industry we chose MANUFACTURING, it is necessary to create items to sell, fixed

    items, variable items and other items that are needed and be sold in business.

    TO ADD ITEMS,

    CLICK ITEM LIST, ITEM and NEW. Enter necessary informations about the item. You can enter items

    as SUB-ACCOUNTS to other items by checking SUBITEM OFand selecting which item it is under.CLICK OK

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    As you enter an item you can now see and check it on the item list.

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    SUPPLIER CENTER

    Items and services we need to create a product are provided by the suppliers.

    TO ADD SUPPLIER:

    On the home page click THE SUPPLIER BUTTON, click NEW SUPPLIER.this window will appear

    add the needed information then . CLICK OK

    Supplierscan be viewed in suppliers center:

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    CUSTOMER CENTER

    To add customer on the home page click new customer

    Then enter information needed. Click OK

    EMPLOYEE CENTER

    To add employees on the home page click new employee

    Then enter any information needed. Click OK

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    ACTUAL TRANSACTIONS

    PURCHASE ORDERS

    Issuing purchase orders, everyone involved in the purchase process can trackthe order by referring to a unique purchase order number. Purchase ordersare an important aspect of managing your accounts payable, as they help youtrack how much will have to be paid out during a certain period of time.

    To create purchase orders:

    1. On the home page choose PURCHASE ORDERThen enter necessary information about your chosen supplier or vendor.

    2. Add item and choose save and close.

    Receiving inventory

    When you buy inventory items, you need to receive (record) them inQuickBooks to keep your inventory quantities accurate. If you receive adelivery with the bill, you would enter this via "Receive Items & Enter Bill".This skips the "Item Receipt" step & allows you to receive the goods into yourinventory AND enter the charges at the same time. Any freight costs can beentered on the "xpenses" tab & posted to your appropriate expense account.

    To receive inventory:

    1. On Homepage choose RECEIVE STOCK choose a suppliers nameand fill necessary information.

    2. Add an item and choose save and clos e

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