FINANCE NEWS LETTER September 2018 AIESEC 1819
GREETING FROM GRIFFIN! This newsletter aims to inform about LC’s financial update by July 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 Internal Audit Q1
INCOME & EXPENSE SUMMARY
Total gross income on this September is Rp3,958,451.56,- and total expense is Rp7,853,615.18,-. Thus the net loss is amounted (Rp4,090,663.62,-).
INCOME SUMMARY
Income on September came from:
Other Program : Rp2,823,500,Fundraising : Rp817,000,Other Income : Rp167,951.56 Program Income : Rp150,000,-
PRODUCT INCOME SUMMARY 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0
oGV oGT iGV adhoc iGV project
Product income in September is OGT Interview Fee by 3 Eps.
OTHER PROGRAM
Here is the explanation of other program income in detail: Profit from LCC2 amounted to Rp1,633,500, Profit from Famgath amounted to Rp508,000, Profit from Careness Project amounted to Rp682,000,-
FUNDRISING
Here is the explanation of fundraising income in detail:  Merchandise sold contain of T-shirt, Lanyard, and Sticker with amount Rp286,000,-.  Received Fan, 2 Pillows, and doormats as a Hibah.
OTHER INCOME
Other income is income from Bank Interest and Fine of IPS.
EX PE NS E SU M MA RY
Expense on September came from:
Operational Expenses : Rp7,732,615.18 Cost of Good Sold : Rp195,500,PR Cost : Rp81,000,Direct Exchange Costs iGV : Rp40,000,-
OPERATIONAL EXPENSES
Expenses occur in September are
Subsidy MB Teamdays with amount Rp3,000,000,-
Service Printer with amount Rp75,000,-
Payback of TN’s A/R from Sasing UBH with amount (Rp1,460,000,-)
Paid Down Payment Hoodie MB to Waedz Clothing with amount Rp3,000,000,-
Subsidy Stakeholder Gathering with amount Rp2,500,000,-
Other operational expenses are assets depreciation, bank charges, supplies and Bad Debt Expense.
Direct Exchange Costs iGV Direct Exchange Cost iGV comes from print certificates with amount Rp40,000,-
PR Cost
PR cost is expenses for printing and copying, telephone, and supplies with amount Rp81,000,-
AS SE T
Here is the explanation of current asset owned by LC : Harddisk Printer Infocus Bolt (Wifi Portable 1) Headset Speaker Prnter Canon Pixma MP-287 Andromax (Wifi Portable 2) CPU
New Asset Keyboard Computer Carpet Fan .
Thanks to our alumnae, Jamil Ikhsan, for the new assets that are given to AIESEC in Universitas Andalas
ACC OUN T REC EIV ABL E
Rp Rp Rp
Rp
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INTERNAL AUDIT
Review of the Internal Audit Period is during October 2017 – March 2018. By the result, means AIESEC in UA PASSED the standard of minimum control andpassed the internal audit.
Thank you for reading this newsletter! Have a nice day, Grimmie Folks!
F&G 1819