Collection Incentives for SBU Controller

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November 08, 2011

TO : SBU Financial Controller

FROM : JORGE U. SAGUINSIN

Senior Managing Director

SUBJECT : COLLECTION INCENTIVES

I. OBJECTIVES:

1. To meet sales and collection target.

2. To provide additional income to SFC.

II. CATALYSTS (COLLECTION from November 08 to December 15, 2011)

TARGET ACHIEVEMENT
SBU	1	2	3	4
HGLUMP	800,000.00	1,100,000.00	1,300,000.00	1,600,000.00
HGPMP	1,700,000.00	1,800,000.00	1,900,000.00	2,000,000.00
HGGMP	1,400,000.00	1,600,000.00	1,900,000.00	2,200,000.00
HGCMP	600,000.00	750,000.00	900,000.00	1,000,000.00
HGOMP	850,000.00	900,000.00	1,000,000.00	1,100,000.00

TARGET ACHIEVEMENT SFC

1 Php 3,000.00

2 Php 5,000.00

3 Php 8,000.00

4 Php 10,000.00

QUALIFIER:

1. SFC with no Class C & D offense;

2. Required reports submitted on time;

3. Subject for audit.

III. ACCOUNTING REQUIREMENTS:

1. OR/ Abstract/ Deposit Slips

2. Updated Index Cards/ Updated postings on the General Ledger

IV. WHEN TO PAY & HOW TO PROCESS

1. Processing of payment will be on or before December 22, 2011

Effective: November 8, 2011

For compliance.

JORGE U. SAGUINSIN

Senior Managing Director