TO : All SBUs (especially those who have very little collection
CONFIDENTIALITY NOTICE/disclaimer: The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.
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THRU : GM Madel
SUBJECT: LEVELLING UP (increasing) OUR COLLECTIONS
Goal:
1. To awaken SBUs whose collection are little or miniscule collection
2. To inspire SBU and Acctg to send collection letters and forfeit
3. To meet collection targets
Background:
We say cash is king;
We say a business can have many mistakes but running out of cash, being bankrupt is the greatest sin a business can have.
But we have sbus whose collection would barely pay for their cell phone bills.
Computation of what remains after deducting PC VAT, ME and sharing
Gross sales - 100%
Less PC - 12%
VAT - 12%
Total 24%
Net lot price 76%
Less ME 20%
Net GP before sharing 56%
Sharing say 50% 28%
Net GP before interest and CGS 28%
The entire CGS for the plot, including that of the JV shall be deducted from our share. Assume that our CGS is 15%, we are left with 13% as net for our salaries and other expenses.
Illustration: If we collect P10,000, what remains for our salaries and other OPEX is only P1,300. Now our opex is about P150,000 per SBU
WTDN?
Intensify Who
1. Collection of current and arrears account SFC, ICR 3ffb
2. Sell more so that we have more ICR CMO, Sellers, CSS I
Thus every body must really work hard to reach targets. This is the price we have to pay. If not, bankruptcy, beginning with inability to pay your salaries
Jorge U. Saguinsin
The Holy Gardens Group - "THE MEMORIAL EXPERTS"
Please view the following sites to be updated on latest trend on memorialization and for shared learning
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CONFIDENTIALITY NOTICE/disclaimer: The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.
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