Accounting and Cash Flows
Content
LocalOnlineJobs.com
GANTT CHART
Year 2008
1
Registration
SEC - Extension of name reservation
SEC - Application for Articles and By-laws
BIR - Application for TIN
City Gov't - Application for Business Permit
DOLE - Application for Accreditation
PMAP
RTWPB - Normin Prodnet
MAQ
Web Development
Terms between Incorporator
Development of the Website
Launching of the website to the Public
January
2
3
4
1
February
2
3
4
1
March
2
3
April
4
1
April
2
3
4
1
May
2
3
Jun Jul Aug Sep Oct Nov Dec
4
LocalOnlineJobs.com
Project Cost
For the Operating Year 2008
Amount
Properties and Equipment
1 Website (Computer Software)
Web Domain Name
Website Program
10,000.00
50,000.00
60,000.00
2 Computer Equipment
Computer Server
Computer Workstation
Modem (wireless)
Hub 16 port
1 unit
2 units
1 unit
1 unit
30,000.00
60,000.00
4,000.00
4,000.00
98,000.00
3 Vehicle
Multicab
1 unit
200,000.00
200,000.00
Pre-Operating Cost
Marketing Cost
Sched 1
9,900.00
Direct Overhead
Sched 2
10,500.00
Administrative Cost
Sched 3
7,500.00
TOTAL PROJECT COSTS
385,900.00
LocalOnlineJobs.com
Working Trial Balance
For the Operating Year 2008
ASSETS
Current Assets
Cash
Property and Equipment
Computer Software
Computer Hardware
Transportation Equipment
Less: Accumulated Depreciation
Other Assets
Pre-operating Cost
Debit
Credit
Balance
485,900.00
325,900.00
160,000.00
98,000.00
200,000.00
-
98,000.00
200,000.00
27,900.00
27,900.00
485,900.00
LIABILITIES AND STOCKHOLDERS' EQUITY
Loans Payable
100,000.00
100,000.00
Stockholders' Equity
385,900.00
385,900.00
811,800.00
485,900.00
811,800.00
INCOME
EXPENSES
LocalOnlineJobs.com
MARKETING COST
For the Operating Year 2008
Schedule 1
Balance
Marketing Materials
Streamer & Tarpaulin
Liceo de Cagayan University
Xavier University
Cagayan de Oro College
Capitol University
Southern Philippines College
Tarpaulin
Malls
Limketkai Mall
SM Mall
Gaisano City Mall
Gov't Agencies
DOLE
OWWA
City Hall
Billboard
FICCO Lapasan
FICCO Puerto
FICCO Opol
300
300
300
300
300
300
300
300
300
300
300
2,200
2,200
2,200
9900
Tri-Media
Radio (P 1,500 x 12 months)
ABS CBN (a one-time air show through
the TV Patrol report)
9,900
LocalOnlineJobs.com
DIRECT OVERHEAD
For the Operating Year 2008
Schedule 2
Balance
Overhead
Utility - Electricity
Utility - Water
( 3 mos. X P 3,000 )
( 3 mos. X P 500 )
9,000
1,500
10,500
LocalOnlineJobs.com
ADMINISTRATIVE COSTS
For the Operating Year 2008
Schedule 3
Balance
Taxes & Licenses
Business Permit
BIR - Annual Registration
Book & Receipts Printing/Registration
SEC - Registration
3,000.00
500.00
1,000.00
3,000.00
7,500.00
LocalOnlineJobs.com
Income Projection and Commission
For the Operating Year 2008
Amount
Jobseekers
One Time Due
Projected No. of Authentication
Per authentication
Annual Due
Annual Due
1 Year Advance
Employers
Annual Due
Class A Companies
Projected No. of Co.
Annual Due
Class B Companies
Projected No. of Co.
Annual Due
Class C Companies
Projected No. of Co.
Annual Due
Job Posting
Class A Companies
Projected No. Job Post
Pay per Post
Class B Companies
Projected No. Job Post
Pay per Post
Class C Companies
Projected No. Job Post
Pay per Post
Jobseekers
One Time Due
450
300
135,000
450
100
45,000
45
4,000
180,000
45
3,000
135,000
45
2,000
90,000
90
200
18,000
90
150
13,500
90
100
9,000
Jan
Feb
-
-
-
-
-
-
-
-
Mar
-
-
-
-
-
-
-
-
-
Apr
May
50
50
300
300
15,000 15,000
-
50
100
5,000
50
100
5,000
-
5
4,000
20,000
5
4,000
20,000
-
5
3,000
15,000
5
3,000
15,000
-
5
2,000
10,000
5
2,000
10,000
-
10
200
2,000
10
200
2,000
-
10
150
1,500
10
150
1,500
-
10
100
1,000
10
100
1,000
Projected No. of Authentication
Commission rate
Schools
Teachers
Individual Referral
Total Commission rate
450
50
50
25
25
50
100
45,000
25
25
50
100
5,000
25
25
50
100
5,000
-
-
-
Jun
Jul
Aug
Sep
Oct
Nov
Dec
50
50
50
50
50
50
50
300
300
300
300
300
300
300
15,000 15,000 15,000 15,000 15,000 15,000 15,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
50
50
50
50
50
50
50
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
LocalOnlineJobs.com
CASH FLOW
For the Operating Year 2008
Jan
Cash - Beginning Balance
Cash Receipts
Investment in Stock
Jobseeker
One-time Fee
Annual Due
Employer
Annual Due
Class A
Class B
Class C
Job Posting
Class A
Class B
Class C
Other Services
Total Receipts
Cash Disbursements
Honorarium
Commissions
Schools
Teachers
Individuals
Insurance
Fire Insurance
Comprehensive/TPL
Life Insurance
Meetings
Representations
Rentals
Internet Connection
Computer Equipments
Power supply
512 MB Memory
Marketing
Taxes & Licenses
Feb
Mar
Apr
May
(2,850)
(5,850)
(8,850)
3,650
30,000
-
-
-
15,000
5,000
15,000
5,000
-
-
-
20,000
15,000
10,000
20,000
15,000
10,000
-
-
-
2,000
1,500
1,000
2,000
1,500
1,000
-
-
69,500
69,500
15,000
15,000
1,250
1,250
2,500
1,250
1,250
2,500
5,000
10,000
5,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
10,000
-
-
3,000
950
2,000
9,900
-
3,000
Total Disbursements
12,850
3,000
3,000
57,000
37,000
Net Cash Inflow/(Outflow)
(2,850)
(3,000)
(3,000)
12,500
32,500
Cash - Ending Balance
(2,850)
(5,850)
(8,850)
3,650
36,150
Jun
Jul
36,150
68,650
Aug
101,150
Sep
133,650
Oct
166,150
Nov
198,650
Dec
231,150
TOTAL
-
30,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
135,000
45,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
180,000
135,000
90,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
69,500
69,500
69,500
69,500
69,500
69,500
69,500
18,000
13,500
9,000
655,500
15,000
15,000
15,000
15,000
15,000
15,000
15,000
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
135,000
11,250
11,250
22,500
5,000
10,000
5,000
36,000
45,000
45,000
33,000
950
2,000
9,900
-
37,000
37,000
37,000
37,000
37,000
37,000
37,000
371,850
32,500
32,500
32,500
32,500
32,500
32,500
32,500
283,650
68,650
101,150
133,650
166,150
198,650
231,150
263,650
283,650
GANTT CHART
Year 2008
1
Registration
SEC - Extension of name reservation
SEC - Application for Articles and By-laws
BIR - Application for TIN
City Gov't - Application for Business Permit
DOLE - Application for Accreditation
PMAP
RTWPB - Normin Prodnet
MAQ
Web Development
Terms between Incorporator
Development of the Website
Launching of the website to the Public
January
2
3
4
1
February
2
3
4
1
March
2
3
April
4
1
April
2
3
4
1
May
2
3
Jun Jul Aug Sep Oct Nov Dec
4
LocalOnlineJobs.com
Project Cost
For the Operating Year 2008
Amount
Properties and Equipment
1 Website (Computer Software)
Web Domain Name
Website Program
10,000.00
50,000.00
60,000.00
2 Computer Equipment
Computer Server
Computer Workstation
Modem (wireless)
Hub 16 port
1 unit
2 units
1 unit
1 unit
30,000.00
60,000.00
4,000.00
4,000.00
98,000.00
3 Vehicle
Multicab
1 unit
200,000.00
200,000.00
Pre-Operating Cost
Marketing Cost
Sched 1
9,900.00
Direct Overhead
Sched 2
10,500.00
Administrative Cost
Sched 3
7,500.00
TOTAL PROJECT COSTS
385,900.00
LocalOnlineJobs.com
Working Trial Balance
For the Operating Year 2008
ASSETS
Current Assets
Cash
Property and Equipment
Computer Software
Computer Hardware
Transportation Equipment
Less: Accumulated Depreciation
Other Assets
Pre-operating Cost
Debit
Credit
Balance
485,900.00
325,900.00
160,000.00
98,000.00
200,000.00
-
98,000.00
200,000.00
27,900.00
27,900.00
485,900.00
LIABILITIES AND STOCKHOLDERS' EQUITY
Loans Payable
100,000.00
100,000.00
Stockholders' Equity
385,900.00
385,900.00
811,800.00
485,900.00
811,800.00
INCOME
EXPENSES
LocalOnlineJobs.com
MARKETING COST
For the Operating Year 2008
Schedule 1
Balance
Marketing Materials
Streamer & Tarpaulin
Liceo de Cagayan University
Xavier University
Cagayan de Oro College
Capitol University
Southern Philippines College
Tarpaulin
Malls
Limketkai Mall
SM Mall
Gaisano City Mall
Gov't Agencies
DOLE
OWWA
City Hall
Billboard
FICCO Lapasan
FICCO Puerto
FICCO Opol
300
300
300
300
300
300
300
300
300
300
300
2,200
2,200
2,200
9900
Tri-Media
Radio (P 1,500 x 12 months)
ABS CBN (a one-time air show through
the TV Patrol report)
9,900
LocalOnlineJobs.com
DIRECT OVERHEAD
For the Operating Year 2008
Schedule 2
Balance
Overhead
Utility - Electricity
Utility - Water
( 3 mos. X P 3,000 )
( 3 mos. X P 500 )
9,000
1,500
10,500
LocalOnlineJobs.com
ADMINISTRATIVE COSTS
For the Operating Year 2008
Schedule 3
Balance
Taxes & Licenses
Business Permit
BIR - Annual Registration
Book & Receipts Printing/Registration
SEC - Registration
3,000.00
500.00
1,000.00
3,000.00
7,500.00
LocalOnlineJobs.com
Income Projection and Commission
For the Operating Year 2008
Amount
Jobseekers
One Time Due
Projected No. of Authentication
Per authentication
Annual Due
Annual Due
1 Year Advance
Employers
Annual Due
Class A Companies
Projected No. of Co.
Annual Due
Class B Companies
Projected No. of Co.
Annual Due
Class C Companies
Projected No. of Co.
Annual Due
Job Posting
Class A Companies
Projected No. Job Post
Pay per Post
Class B Companies
Projected No. Job Post
Pay per Post
Class C Companies
Projected No. Job Post
Pay per Post
Jobseekers
One Time Due
450
300
135,000
450
100
45,000
45
4,000
180,000
45
3,000
135,000
45
2,000
90,000
90
200
18,000
90
150
13,500
90
100
9,000
Jan
Feb
-
-
-
-
-
-
-
-
Mar
-
-
-
-
-
-
-
-
-
Apr
May
50
50
300
300
15,000 15,000
-
50
100
5,000
50
100
5,000
-
5
4,000
20,000
5
4,000
20,000
-
5
3,000
15,000
5
3,000
15,000
-
5
2,000
10,000
5
2,000
10,000
-
10
200
2,000
10
200
2,000
-
10
150
1,500
10
150
1,500
-
10
100
1,000
10
100
1,000
Projected No. of Authentication
Commission rate
Schools
Teachers
Individual Referral
Total Commission rate
450
50
50
25
25
50
100
45,000
25
25
50
100
5,000
25
25
50
100
5,000
-
-
-
Jun
Jul
Aug
Sep
Oct
Nov
Dec
50
50
50
50
50
50
50
300
300
300
300
300
300
300
15,000 15,000 15,000 15,000 15,000 15,000 15,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
50
100
5,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
4,000
20,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
3,000
15,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
5
2,000
10,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
200
2,000
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
150
1,500
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
10
100
1,000
50
50
50
50
50
50
50
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
25
25
50
100
5,000
LocalOnlineJobs.com
CASH FLOW
For the Operating Year 2008
Jan
Cash - Beginning Balance
Cash Receipts
Investment in Stock
Jobseeker
One-time Fee
Annual Due
Employer
Annual Due
Class A
Class B
Class C
Job Posting
Class A
Class B
Class C
Other Services
Total Receipts
Cash Disbursements
Honorarium
Commissions
Schools
Teachers
Individuals
Insurance
Fire Insurance
Comprehensive/TPL
Life Insurance
Meetings
Representations
Rentals
Internet Connection
Computer Equipments
Power supply
512 MB Memory
Marketing
Taxes & Licenses
Feb
Mar
Apr
May
(2,850)
(5,850)
(8,850)
3,650
30,000
-
-
-
15,000
5,000
15,000
5,000
-
-
-
20,000
15,000
10,000
20,000
15,000
10,000
-
-
-
2,000
1,500
1,000
2,000
1,500
1,000
-
-
69,500
69,500
15,000
15,000
1,250
1,250
2,500
1,250
1,250
2,500
5,000
10,000
5,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
10,000
-
-
3,000
950
2,000
9,900
-
3,000
Total Disbursements
12,850
3,000
3,000
57,000
37,000
Net Cash Inflow/(Outflow)
(2,850)
(3,000)
(3,000)
12,500
32,500
Cash - Ending Balance
(2,850)
(5,850)
(8,850)
3,650
36,150
Jun
Jul
36,150
68,650
Aug
101,150
Sep
133,650
Oct
166,150
Nov
198,650
Dec
231,150
TOTAL
-
30,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
15,000
5,000
135,000
45,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
20,000
15,000
10,000
180,000
135,000
90,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
2,000
1,500
1,000
69,500
69,500
69,500
69,500
69,500
69,500
69,500
18,000
13,500
9,000
655,500
15,000
15,000
15,000
15,000
15,000
15,000
15,000
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
1,250
1,250
2,500
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
4,000
5,000
5,000
3,000
135,000
11,250
11,250
22,500
5,000
10,000
5,000
36,000
45,000
45,000
33,000
950
2,000
9,900
-
37,000
37,000
37,000
37,000
37,000
37,000
37,000
371,850
32,500
32,500
32,500
32,500
32,500
32,500
32,500
283,650
68,650
101,150
133,650
166,150
198,650
231,150
263,650
283,650
