FM+Dulce+Espinal

positive messageDCJSK **INFORMAL REPORT**

Date : Nov. 10, 2013 To : July Enel, CEO From : Dulce Espinal, Financial Manager Subject : Accounting Fee

Dear Enel:

Our primary mission is to bring affordable income to clients, and ready to use our knowledge and skills to make life easier, while best serving your financial needs. Our years of experience and developed processing have placed us in an exclusive position to provide outstanding and efficient accounting consulting services, by our licensed Certified Public Accountants (CPA).

Hourly billing rates are on the traditional method, and continue to climb, for CPA firms of all sizes. However, other clients on a monthly retainer, in spite of people don't really like paying others a higher hourly rate than what they themselves make. The recommendation to implement the new fee will vary depending on the types of services performed. Our fee will be computed based on the time and staff release to complete each project. The complexity of the work being performed and level of oversight require ensuring a quality product can affect the cost of each project. Base on a limited sample, I found the following costs:


 * Staff accounting time billed $30.00-$45.00/hour


 * Administration billed $90.00-115.00/hour


 * CPA time billed $200.00/hour

If you have question about the new billing rates or concerns, please don't hesitate to contact me via email at dulce.c.03@hotmail,com or to my office phone 401-273-5334.

Sincerely,

Dulce Espinal Financial Manager


 * FORMAL REPORT**

Date: December 4, 2013 To: July Enel, Ceo From: Dulce Espinal, Financial Manager Subject: Summary of Article, "Technique for Measuring Financial Sector"

Dear Enel: Businesses risk measures assessing the long-term continuing demand for consumer’s products or services. I am submitting an article named "Technique for Measuring Financial Sector" by Brian Bass from demand Media. An organization's financial management system plays a critical role in financial success of a business.

Granting in store credit to our customers, we can grow our service and increase our profits. Allowing existing customers to request our services and potentially attract new clients. Before granting credit, we must ensure that the customer has the means and desire to pay their invoices. Developing a written credit policy and setting out the procedures to analyze a customer's financial risk. In Addition, the policy should comply with federal and state credit laws, such as the Equal Credit Opportunity Act, so all clients are evaluated fairly.
 * Purpose **

This article includes the tactical and strategic goals related to the financial resources of the business. For example, the customer's business credit report should be the first document you analyze. The system will Show the names and addresses of customer's credits, indicating open and closed delinquent accounts. As well as searching for clients with high credit scores that are current on their obligations. The customer will complete a credit application and make sure an officer with the authority to bid the company signs the application. Business credit reports are available through agencies such as Dun & Bradstreet, Experian Business and Business Credit USA. The most important part of this article is how to manage risk in the financial sector such as:
 * Recommendations **


 * Measuring Credit Risk: ** Determines how the customer is to default on their invoice payments, like “Out of Business” or file for “Bankruptcy”. Including past credit history, account charge-offs and accounts that are 60 days overdue or more, the accounts in collection and the recently opened accounts. As a final point, including lawsuits filed against clients for unpaid invoices.
 * Measuring Financial Risk: ** Determines financial risks by analyzing their business expenditure statements. Look up the cash flow, including accounts receivable, accounts collected. The sale price of goods and services should be enough to cover the costs and still leave a profit, and assets in relation to the liabilities. Using financial ratios to see if your client's financial statements are in line with the industries average comparing weather they are stronger or weaker.
 * Measuring Business Risk: **<span style="font-family: 'Times New Roman',serif; font-size: 12pt;">Determines the demand for consumer’s products or services and the ability to introduce new products to the marketplace and how changes in demand impact customer profits as well as, placing the factor of its competitors and the size of their operations.

<span style="font-family: 'Times New Roman',serif; font-size: 12pt;">This article finds opportunities that can complement our new firms and benefit your organization, In addition to playing a critical role in the financial sector in which will produce a successful profitable outcome, to our business and its consumers. These management and strategic tactics are a key component of the general financial organization to run successfully.
 * <span style="font-family: 'Times New Roman',serif; font-size: 12pt;">Evaluation **

<span style="font-family: 'Times New Roman',serif; font-size: 12pt;">Sincerely,

<span style="font-family: 'Times New Roman',serif; font-size: 12pt;">Dulce Espinal <span style="font-family: 'Times New Roman',serif; font-size: 12pt;">Financial Manager


 * NEGATIVE MESSAGE**



November 20, 2013

Donna McGowan 245 Wateman Street, Suite 306 Providence, Rhode Island 02906-5215

Dear Ms. McGowan:

We recently received your letter requesting a generous contribution to the Alzheimer's Association, specially in this spirit of the season, with volunteer program helping our community about research toward methods of treatment, prevention and, a cure. Also, we recognize and appreciate that, this foundation is a great cause, particularly for those affected by this devastating disease.

Unfortunately, our financial position at this time is tight, due the budget and a decrease in sales for the fiscal year. We conclude that is impossible support charity foundation.

We wish you much success in your health organization, I hope our company next year can contribute for this important cause.

Sincerely,

Dulce Espinal Financial Manager


 * NEGATIVE MESSAGE**

Date: November 22, 2013

To: Kathleen Stubbs, Operation Manager

From: Dulce Espinal, Financial Manager

Subject: Reduce Full-Time to Part-Time position:

Dear Katie:

Today's Obama Care’s October 1st launch date actually arrived. The new Affordable Care Act, health care plan for America, will provide mandated insurance for “employers" in 2015, for full-time employees or pay the share responsibility fee due to Obama Care.

The negative affect this reform has is a consequence of economic pressures, and will cut health care costs. I can anticipate reducing a few full-time positions that would have to be eliminated in order to make up costs from the health-care law. In addition, we will use part-time employees, but will be dropping the limited 28 hours to keep them under the 30 hours range at which would be required to provide health insurance under Obama Care.

We are significantly concerned with upcoming medical devices, this Affordable Care Act, will be changed with less revenue.

Sincerely,

Dulce Espinal Financial Manager


 * POSITIVE MESSAGE **



November 18, 2013

Mr. Robert Van Manager, Shipping Department OfficeMax 1236 Potter Ave. Garden City, Providence, R.I 02907

Dear Ms. Van:

On October 15th, current year, we placed an order for five desks. We received the delivery on November 10th,current year and noticed too many damages done to the equipment of invoice number 030669, for a total cost of $1,200.00.

As we discovered that all damages were done during the transportation of the delivery; we would like to confirm whether your company will arrange for the items to be collected and payments reimburse along with any shipment fees.

I appreciate your cooperation and look forward to receiving satisfactory proposal to settlement of the claim a soon a possible.

Sincerely,

Dulce Espinal Financial Manager


 * POSITIVE MESSAGE **

Date: November 16, 2013

To: Chan Proeung, Founder

from: Dulce Espinal, Financial Manager

Subject: Details sources and uses of loan of funds.

Dear Chan:

we recently received the request bank loan, from Small Business Administration, for the amount of $50,000.00, 10 years loan 9% fixes interest rates. The purpose use start up for a variety reason of our financial planning to purchasing hardware, buying new or updating software, and other objectives.

Below is a breakdown of how these funds will be use.


 * Working capital $ 20.000.00


 * Office supplies 15,000.00


 * Lease payment and deposits 10,000.00


 * Marketing budget 3,000.00


 * Miscellaneous (unforeseen costs) 2,000.00

$ 50,000.00

I will appreciate any decision making, while an efficient finance helps to increase value our business.

Sincerely,

Dulce Espinal Financial Manager

Date : November 24, 2013
 * PERSUASIVE MESSAGES**

To : July, Enel CEO

From : Dulce Espinal, Financial Manager

Subject : Create Petty Cash Fund $200.00

Dear Enel:

Petty Cash is a convenient procedure for our small business financial management team for unplanned expenses. It can also serve for faulty accounting wasteful spending, lost or theft by employees. In addition, this fund is established in the amount of $200.00 sufficient enough to pay all of the miscellaneous cash requirements for a month.

There are various advantages to implement a petty cash fund in our firm such as:

· Should be used for minor "last minute" emergencies less than $200.00.

· For necessary and reasonable small transactions, purchasing minor office supplies.

· Business meals, necessary foods such as sandwiches and beverages for inter office business meeting.

· For small travel expenses like local parking, tickets train, buses taxis and other means of transportation.

In addition, don't excess $200.00, and must always be accompanied by original receipts and proof of transactions. From the financial department manager, with proper documentation of how the petty cash fund was used.

Please feel free to reach me if you might have questions or concerns, I appreciate your feedback regarding this new accounting procedure.. Sincerely,

Dulce Espinal Financial Manager ** PERSUASIVE MESSAGE ** Date : November 25, 2013

To : July Enel, CEO

From : Dulce Espinal

Subject : Extra Fee Creating Portal Login Client

Dear Enel:

As a valued client, we would like to introduce Portal login to your company as an easy to implement system for all our clients. Portal login secures and protects our firm and accesses important financial documents from anywhere at any time. Using the private portal is a simple way to accessing the website. With a simple click of a mouse our clients login to the link, and enter their personal ID and password. In addition, it is an affordable structured fee of $30.00 a month. There are many advantages to creating and offering the Portal login to our customers, and its way to increase our profits:

· Privately secured by our top notch technical service.

· Offers tax accounting services online 24/7

· Convenient way to extend our firms services to clients.

· Pricing structure includes up to 1,000 portals for convenient and affordable monthly fee, providing virtual portals to all of our clients, and an impressive number of features are include in our flat monthly fee.

· Simple document organization.

· Give client 24/7 access to electronic copies of their financial document.

· Tax return and sources document delivery.

· Bill pay and online invoice and collect payment using credit/debit card directly.

· Reduce printing, postage, filing costs, and save time with instant document exchange.

Portal login is definitely the ultimate convenience for our clients, and our potentially future expands business. Furthermore, the most important benefit is displaying outstanding financial services from our firm in the near future. I would appreciate your feedback regarding this new project. Sincerely,

Dulce Espinal Financial Manager