Financal and Physical Records
- Submitted by: TK2016
- Views: 89
- Category: Other
- Date Submitted: 06/11/2016 10:59 AM
- Pages: 6
- Report this Essay
Financial and Physical Record Keeping
To ensure that Sparkling Pets are run effectively and meet legal requirements this essay focuses on a range of financial and physical records which can be stated and analysed to check business operation.
Financial Records (P9)
Document one is a financial record to state the trading profit and loss accounts over a range four years. The purpose of this document is to clearly show the overall expenses and profit made by the business so a net profit can be calculated. This can then be used to calculate any on-going losses throughout the year. . Document five is a financial record stating the Wages over a four week period. Its purpose is to calculate the employee’s monthly salary from the four separate weekly gross amounts. It shows any extra days the employees have worked over each week. Document six is another financial record which states the income over four weeks. The purpose of this document is to analyse days which may not be profitable to open by looking at the number of visitors which come each day and the profit that is made. Document seven is a financial record which states the income over a four year period. Its purpose is to show any decreases in the income over the months so the business can organise promotions or charity grooms to increase these losses. It also gives the total profit for each year so these can be compared to see clear decreases over each year.
Physical Records (P10)
Document two is a physical record which states the work schedule from one month. Its purpose is to clearly identify the amount of weekly hours and pay for all staff; it identifies clear rules in which the business will run. Document three is a physical record stating a break rota over a four week period. It identifies the states break times for each employee through the week days, each member of staff is given an hour break daily. Document four is also a physical record which states the staff times for working over a four week...
To ensure that Sparkling Pets are run effectively and meet legal requirements this essay focuses on a range of financial and physical records which can be stated and analysed to check business operation.
Financial Records (P9)
Document one is a financial record to state the trading profit and loss accounts over a range four years. The purpose of this document is to clearly show the overall expenses and profit made by the business so a net profit can be calculated. This can then be used to calculate any on-going losses throughout the year. . Document five is a financial record stating the Wages over a four week period. Its purpose is to calculate the employee’s monthly salary from the four separate weekly gross amounts. It shows any extra days the employees have worked over each week. Document six is another financial record which states the income over four weeks. The purpose of this document is to analyse days which may not be profitable to open by looking at the number of visitors which come each day and the profit that is made. Document seven is a financial record which states the income over a four year period. Its purpose is to show any decreases in the income over the months so the business can organise promotions or charity grooms to increase these losses. It also gives the total profit for each year so these can be compared to see clear decreases over each year.
Physical Records (P10)
Document two is a physical record which states the work schedule from one month. Its purpose is to clearly identify the amount of weekly hours and pay for all staff; it identifies clear rules in which the business will run. Document three is a physical record stating a break rota over a four week period. It identifies the states break times for each employee through the week days, each member of staff is given an hour break daily. Document four is also a physical record which states the staff times for working over a four week...