Goals: 1. To make services as important component of our total sales
--
say up to 20% in 2020
2. To exploit the more profitable segment of Memorial Business
we have minimal GP on Memorial Plots
3. To generate more cash flows with less cap ex on CGS (more liquidity)
Reality:
1. Due to sins of omission and commission, Destiny Plans is bleeding
at the rate of P7,500 a day. (including Saturday and Holidays)
This is about P 225,000 a month For 7 months now, this at P1,575,000
that were caused by:
1. Non submission of reports faulty reporting, and or delayed;
2. Faulty documentation or non documentation
3. Negligence of senior Acctg personnel: outsourcing and insourcicng
4. Lack of knowledge of the product, and proper procedure thereof
Some reminders and important processes to be observed:
1. Plans for funeral cremation and interment service in the amounts of
P30,000 are to be documented as Destiny (HGMP products) using
White Rose PPA. All other products, bundled, less than P30,000
which you continue to offer being affordable, shall not be documented
as White rose (this is causing us difficulty
2. Receipts:
PR shall be issued for White Rose at the sbus, and OR will be issued
by 3f upon receipt of PR and deposit slips. By 2020 we expect the pay
anywhere system shall be in place/operational
3. Deposits
Collection for Destiny shall be deposited at Destiny Financila Plans Inc
account at MBTC Angono Number _____________
4. PPA
This will be accomplished well and if possible typed by SBU or at 3f
and immediately sent noted at 3f by RCRMA of Holy Gardens or Destiny
5. Insurance:
IC and our product representation states that the contracts are to be
insured for life and accident. We must accomplish the forms for
insurance and pay the premium asap. We must finish the documentation
with Grepalife and Malayan
5. Commission:
1. Commission shall be based on 10% of 70% and to be paid in one
year.
2. Commission shall be paid only if:
1. There is a PPA
2. May insurance form
3. Proof of deposit and PR
6. Accounting for payments (Insurance accounting)
1. All payments received are called PREMIUM income
2. The Gross Profit is Premium income less Cost of Goods Sold which
include:
1. Trust Fund contirbution
2. VAT
3. Insurance
4. Commission
5. Collection Fee
6. Marketing expense
3. The breakdown varies yearly due to payment of commission in one year.
4. Thus:
Cash xxxx
1. TFC xxx
2. VAT xxx
3. Insurance xxx
4. Commission xxx
5. Collection Fee
6. Marketing Expense
Gross Profit xxxx
TFC is booked as Nominal Account for TFC reserves
and deposited with Union Bank the trustee bank
All others are debited to expense as they are expended
For your additional knowledge and ompliance
Jorge U. Saguinsin
The following are our landing pages (brochure). Please direct
the prospect via email, text or messaging so that they will learn more
You can have this downloaded at their cellphone for presentation.
The same may be used for their training too
Other blogs for reading and to learn morer
Time is gold
Time lost is lost forever.
Of all the resources, only time is irreplaceable
Successful companies primary tool is smart use of time - being the first to market
One of our principles is EFFICIENCY. To have high outputs and be productive. Always
If we are unable to finish projects or tasks on time, it is an event called failure? We are not
LET US WORK TOGETHER TO CREATE BEAUTIFUL LIFE STORIES (not worries)
. BIDDA: BELIEVE, INSPIRE, DREAM, DO AND ACT
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