Finance Corner : November Update

Preface This Finance Newsletter will be talking about Finance Information in November. Yes we know if it is not suitable because it should be December, but we already done every Financial Statement in the middle of next month.

We use Quickbooks 11.0 as a software to make Financial Statement. Also, we use accrual basis for recording which means we will record every incomes and expenses even it doesnt happen yet, but the accounting rules is fulfilled .

We hope by this Newsletter can create transparancy in Financial Condition.

Hope to hear any feedback from you.

Best Regards,

Finance & Governance Dept. 15/16

Income

Summary

By seeing the graph, the biggest income comes from Program Income. We have 4 Programs, which are Out Going and Incoming Program for both of Voluntery and Internship. This Income gets from 5 Departments, which are IGCDP, OGCDP, IGIP, OGIP, and ER BD. The other Program comes from Project, and The Other Incomes from Interest Income.

Income

Summary Program Income 16000000 14000000 12000000 10000000 8000000 6000000 4000000 2000000 0

Program Income

IGCDP

OGCDP

OGIP

IGIP

ER BD

OGCDP contributes big amount from its match fee and raise fee. Its expansion gives much match numbers. They did expansion in last October to Riau. This expansion also helped by Program Marketing Department.

Expense Summary

Talking about Income will not be completed without knowing the Expense.

We devide the expense into 3 kinds: Committee Fees, Operational Fees, and Other Expenses. But in this month, we have 2 kinds. Committee Fee is the bill from AIESEC in Indonesia. In this month we get National Fee’s Invoice for Quarter 1. It will be paid at the end of December. The biggest operational Expense are for NEC’s Workcap and then followed by daily operational expense. From the graph, we are lost than the last month.

Investment Summary

In November, we only invest for National Conference, which is NEC for its workcap Rp 7.000.000,- It’s the annual National Conference to elect the new leader of AIESEC in Indonesia.

The RoI we hope for this investment are #of delegates attendance, Conversion rate based on TMP/TLP Flow, #of net income, Retention rate, and Talent Review (PA).

Closing

Thank You for Reading See You in The Next Newsletter ď Š

Next : December & Q2 Update