Chart of Accounts of Holy Gardens Chapel and Memorial Services
1. Balance Sheet
Assets:
Cash and Cash in Bank
Accounts Receivable
Customers
Memorial Plan Co.
Inventory
Inventory
Furniture Fixtures and Equipment
Other Assets:
Total Assets
Liability and SHE
Current Liabilities:
Salaries and Wages
Trade Accounts Payable
Notes Payable
Car Loans
Bank Loans
Due to HGGMP
Due to HGGMP
Total Liabilities
Equity:
Stockholders Equity
Retained Earnings
Paid in Surplus
Total Equity
Total Liability and SHE
2. Profit and Loss (Income Statement)
Revenue
Sale of Services
Less: Marketing expense (max of 10% for sales, upgrading)
Less; Senior Citizen discount (not applicable for P20t and P12t packages)
Net Sales:
Less: CGS (cost of Casket) /
Less operating expenses:
1. Wages and benefits
2. Electricity and utilities
3. Embalming contract (for Calamba) /
4. Chemicals and Cosmetics /
5. Amenities:
Flowers, /
Tarps, /
Thank you card /
Memory board; /
Coffee, creamer, candies for the viewing /
Mineral water
6. Oil and gasoline /
7. Repairs and maintenance
8. Depreciation /
9. Chapel rental /
10 Interest Expense
Total Operating Expenses
Gross Operating Income
These shall be formatted like IS; and corresponding abstract, CDB, CRB shall be made.
3. Cash flow statement:
Beginning balance
Add: Cash receipts (from sales)
Collection from AR
Total Collections
Less: Expenses:
ME
Discounts
Payment of caskets
1. Wages and salaries
2. Rental
3. Utilities
4. Oil and gasoline
5. Repairs and maintenance
Total expenses:
Surplus Deficit
Ending balance
