| Welcome to ICE Ltd.. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Balance | |
|---|---|
| Tweet Topic Started: Nov 26 2007, 08:50 PM (259 Views) | |
| NickChenery | Nov 26 2007, 08:50 PM Post #1 |
![]()
Managing Director
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
Hey all, If you have money which we've earnt that needs to be paid into the account, please speak to Bruno, Woody or Sam Cann (Finance Directors). If you would like to withdraw money for your project, please speak to one of the Finance Directors (listed above), and then Nick before a cheque is written on your behalf. Can all transactions be recorded on here please, so we know what has happened. Thanks Nick _______ Account Inputs: - 26th Nov Share Issue - £80 - Completed 2nd December Christmas Card Sales - £150 Total (Inputs) - £230 _______ Account Outputs: - Christmas Card Production Costs - £48.63 Advertising For Christmas Cards - £8 Lou's Ribbon for Christmas Cards - £1.25 Paid Pending £80 owed to Mrs. Flude (YE Registration Fee) Total (Outputs) £53.88 _______ CURRENT BALANCE - £176.12 |
![]() |
|
| SamCann | Nov 26 2007, 10:21 PM Post #2 |
|
Financial Director
![]() ![]() ![]() ![]() ![]() ![]()
|
This is a good idea (you finally had one Nick!!). Basically this is so you can all check up on our profit status, see how many millions we are raking in. We'll probably go over the company's budget status in most meetings as well. |
![]() |
|
| NickChenery | Nov 26 2007, 10:45 PM Post #3 |
![]()
Managing Director
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
Oi Sam. You know I'm full of them.This is def going to happen. On a more serious note please have a look at this every so often; it's quite important and as members of ICE I think everyone is entitled to know our financial situation. Please do not discuss this company-sensitive information with non-ICE members. It is unfair and undermines our work for such statistics to be made public. |
![]() |
|
| WillLopez | Nov 29 2007, 02:15 PM Post #4 |
|
Senior Member
![]() ![]() ![]() ![]() ![]() ![]()
|
Just so we dont forget, I will still need to collect the production costs for the Christmas Cards (around £1.20 per pack). |
![]() |
|
| BrunoLee | Nov 29 2007, 02:46 PM Post #5 |
|
Newbie
![]() ![]() ![]()
|
I will update the financial information every week after putting the money in every Tuesday. I am in charge of the financial information associated with Christmas Cards project only. If you are curious about other financial issues, please contact Sam or Woody. |
![]() |
|
| NickChenery | Nov 29 2007, 08:45 PM Post #6 |
![]()
Managing Director
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
Hold on... Will quoted me £14 for 1750 A4 advert pages (corresponding to 3500 total A5 adverts) and he has now told me he only printed 1000 A4 pages (corresponding to 2000 total A5 adverts). This means £14 ÷ 1750sheets = £0.008/page. Therefore £0.008 x 1000 sheets = £8. So what's all this about? I know we have advertisements up around the school but I believe that they were printed on the School's printers, so there should be no cost for them. Can someone clarify the situation please; £10 is clearly incorrect. Also; I think this might be wrong as Will quoted me £1.20 per pack of 10 cards as the cost. If this has changed it needs to be written down here. I don't see how we can have a value ending with 54p. Will or Sam (Sam you appear to have edited this last) can you tell me what's going on please, urgently. Nick. |
![]() |
|
| SamCann | Nov 29 2007, 08:53 PM Post #7 |
|
Financial Director
![]() ![]() ![]() ![]() ![]() ![]()
|
Ok, well here is the information I was given by Will today: The basic cost for a pack of 10 cards is £1.11. They have upgraded to a better quality paper which costs £3.99 for a ream of 50 as opposed to £2.99, adding 2p to the cost of each card. This means the cost of a pack of 10 increases by 20p, hence the £1.31 charge per card. If this is incorrect, please tell me and I'll update the figures accordingly. |
![]() |
|
| BrunoLee | Dec 6 2007, 03:00 PM Post #8 |
|
Newbie
![]() ![]() ![]()
|
173.37-80= 93.37 = last current balance ------------------------------------------- Total input. 230+66 = 296 *therefore, there should be £296 in total in out company bank account ------------------------------------------- Total cash out 48.63 + 8 + 80 = 136.63 -------------------------------------- NET BALANCE (eventually we will have) £159.37 |
![]() |
|
| SamCann | Dec 6 2007, 06:54 PM Post #9 |
|
Financial Director
![]() ![]() ![]() ![]() ![]() ![]()
|
I'm still not sure where this additional £66 comes from.... We had £150 total from all the card sales, plus an additional £80 total from share sales. As far as I'm aware, we have no other source of income at the moment? |
![]() |
|
| NickChenery | Dec 6 2007, 07:51 PM Post #10 |
![]()
Managing Director
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
I have written a cheque for Lou for the ribbon. |
![]() |
|
| WillLopez | Dec 6 2007, 08:33 PM Post #11 |
|
Senior Member
![]() ![]() ![]() ![]() ![]() ![]()
|
I haven't checked the Christmas card sales, but for the advert, it's £8 not £4! I typed it in wrong, but have now changed it! |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · Finance Board · Next Topic » |
| Track Topic · E-mail Topic |
2:49 PM Jul 11
|
Hosted for free by ZetaBoards · Privacy Policy
You're visiting the ICE Forums... 




![]](http://z1.ifrm.com/static/1/pip_r.png)



2:49 PM Jul 11