Monthly Finance Reports

With a new workforce and more intricate business partnerships, I need a place to keep track of where the money is going. What's going to happen is every month, I'll make a text post listing the income/expenses of the month, as well as account balances and the like. I believe that this will keep things transparent between the company, its employees, and the consumer, and eliminate any potential confusion. All transactions will be recorded in iron, rather than diamond, to eliminate need for using decimals, multiple units, etc. This would also enable us to become public and start selling shares if need be.

Here's the template/first one:

Monthly Income Report: September 2014

Starting Balance

• Liquid: 488i
• Assets: 0i
• TOTAL: 488i

Revenue

• Contract Pay: 448i
• Tips: 96i
• Partnership Revenue: 0i
• Transportation Fees:0i
• Other: 0i
• TOTAL: 544i

Expenditure

• Worker Salaries: -112i
• Worker Tips:- 96i
• Transporation Costs: -0i
• Travel Costs:- 8i
• Operating Costs: -0i
• Other: -0i
• Total: -216i

Debt

• Owed: 1440i

• Debt:- 0i

Summary

• Net income: 328i
• Ending Balance: 816i
• Loans/Debt (higher is better) 1440i

Money Pickup, and Foreign Offices

Clients have been routinely failing to deliver contract pay. I, as a courtesy, have been picking it up, but this involves the cost of food and time, the liability of suffering personal damage while carrying the money, and so on. As a result, I've made an agreement with Herald Corp. Shipping to provide a service for clients who would prefer to have the pay picked up for them, for a small fee. Herald corp. will also be responsible for delivering worker salaries. In addition, Paragon Media is in the process of purchasing several "transaction sites" for client and worker convenience. This will eliminate some of the travel time involved with delivering payment. The only one guaranteed at the moment is a site in The Commonwealth.

Interest System

To further reduce the amount of late payments coming in, I will be implementing a new interest system, effective for all future contacts. Clients will incur a 15% interest fee for every week a payment is late, beginning with the finalization of the ad. (This will not include lateness due to services provided by Herald Corp. Shipping.)

Tipping Policy

Recently, I've been receiving tips for some of the work that has been done. From here on out, tips will go entirely to the person who made the ad. On collaborative projects, employees will be responsible for negotiating who gets what percentage of the tip themselves.