FINANCE NEWS LETTER October 2018 AIESEC 1819
GREETING FROM GRIFFIN! This newsletter aims to inform about LC’s financial update by October 2018. The financial statements are journalised by using Quickbooks Accountant 16.0 accrual based. Hopefully this newsletter could show the transparency of LC’s current financial condition. Any feedbacks are welcomed for the better transparency of our Local Committee AIESEC in Universitas Andalas. Best Regards, Finance and Governance Department 1819
CONTENT
Income and Expanse Summary R e ven u e E x p l a n a t i o n Expenses Explanation Asset A c c o u n t R e c e i vabl e
INCOME & EXPENSE SUMMARY
Total gross income on this October is Rp25,887,185.87,- and total expense is Rp36,407,745.74,-. Thus the net loss is amounted (Rp10,520,559.87,-).
INCOME SUMMARY
Income on October came from:
Program Income : Rp12,050,000,Other Program : Rp 7,477,300,Fundraising : Rp 6,259,500,Other Income : Rp 100,385.87,-
PRODUCT INCOME SUMMARY 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0
oGV oGT iGV adhoc iGV project
Product income in October are OGV Exchange Fee by 4 EPs and OGT Interview Fee by 1 EP.
OTHER INCOME
Other program income in detail: Profit from PBoX Tourism amounted to Rp5,253,300, Profit from PBoX WIFU amounted to Rp2,224,000,Other income is income from Bank Interest.
FUNDRAISING
Fundraising income comes from Merchandise Sold, below is the detail of Merchandise Sold: Hoodie 1819 amounted Rp 6,080,000, T-shirt ORI 27 amounted Rp 92,500, Bracelet (BT01) amounted Rp 15,000, Lanyard (LY01) amounted Rp 12,000, Baseball Cap (BC01) amounted Rp 60,000,-
EX PE NS E SU M MA RY
Expense on October came from:
Committee Fees : Rp30,127,785,Cost of Good Sold : Rp 6,209,300,Operational Expense : (Rp 3,757,389.26) Direct Exchange Costs iGV : Rp 2,070,000,Direct Exchange Costs oGV : Rp 1,609,000,Other Expenses : Rp 149,500,-
Direct Exchange Costs iGV Direct Exchange Cost iGV comes from investment to Tanjung Pinang with amount Rp2,070,000,-
Direct Exchange Costs oGV Direct Exchange Cost oGV comes from investment to Pekanbaru Riau with amount Rp1,534000,- and Print Banner with amount Rp75,000,-
OPERATIONAL EXPENSES
Expenses occur in October are
Venue for LCP Election with amount Rp50,000,-
Reimburse TM and HR with amount Rp384,000,-
Paid Payment Hoodie MB to Waedz Clothing with amount Rp3,100,000,-
Subsidy LCC3 with amount Rp2,771,300,-
Internet expenses with amount Rp100,000,-
There are also some expenses that decrease operational expenses:
Monthly installment from Bad Debt Expense with amount Rp4,283,000,-
Converted Cost of Merchandise to Merchandise Inventory
Other operational expenses are assets depreciation, bank charges, supplies and Bad Debt Expense.
AS SE T
Current asset owned by LC : Harddisk Infocus Headset Speaker Andromax (Wifi Portable 2)
CPU Carpet 2 Fans 2 Printers
Rp
ACC OUN T REC EIV ABL E
Rp Rp
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Thank you for reading this newsletter! Have a nice day, Grimmie Folks!
F&G 1819