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Ally & Al's Chiropractic & Massage You Hurt - We Fix! Westdale Plaza - Orangeville, ON - Tel #519-555-2315 The Franklin' met in medical school, Albert studying RMT and Ally short for Allyson) became a Chiropractor After the pair both graduated and completed work in different cities and towns. Ally & Al decided to marry and settle in Orangeville, Ontano to set up a dual practice Using some of the money they saved and using loans, they opened up a storefront at the Westdale plaza at Westdele Ave. & Birch St. They have 2 employees, an MO A/Receptionist and a cleaner The employees are paid through a payroll company They are sent an invoice twice per month. The Franklins also sell some contour memory foam pillows and non-medicinal supplements Because the Franklins earn more than $30,000 per year, as per federal regulations, they are required to have an HST number and charge HST on non-chiropractic related items and services (massages & table rent). They are also able to claim the HST paid on certain items/expenses They rent table space to a Masseuse and a Chiropractor Notes Inventory-March 31/2020 Foam Contour Pillows - FCP-01 - Purchased and sold in pairs Sold for 575/pair. Cost is 24 each pair. -4 pairs in stock value of 596 at cost Non-medicinal Supplements (not considered a grocery item subject to HST) - NMirS-02 -Case of 48 Bottles -56/ bottle. They sell for 522/ bottle in singles 28 in stock at a value of $168 at cost RENT of Beds for other service providers P. Doleman pays tent for a Massage Bed - $1750/m2 + HST F. Sanjeed pays rent for Chiropractic Bed - $1500/mo + HST All Documents (cheques, invoices, etc.) are to be considered printed at the time of input Be sure to review all items and services, costs, and fees for price changes to be input to the system. Pages = be sure to review an ems ana services, costs, anorees for price changes to be input to the system. Pages Patients & Receivables Massages cost $105 (HST) per hour and Chiropractic Service Tax Exempt) is 565 per visit Walk-in-Cash receipts - Pay cash, cheque or Credit card upon service Rounders seed Skating Club - terms 2 discount if invoices paid in 10 days, net due in 30 days no Outstanding invoices Barn Owls Hockey Club - 24/25 days Net 35 days - Outstanding Inv # 318 for $5600,00 - March 22/2020 Other patients (customers) may be added (quick add to the customer list. All purchasers of Pillows and Supplements are to be added to the customer list All held for deposit (undeposited funds) and are deposited to the Bank of Regina Chequing account each week Petty Cash is kept @ $150 starting with first deposit this month and updated the next week after use. All Credit Card & Interact receipts go to the Regina Credit Card & Interact account. Preferences - Accounting uncheck"warn if transactions are 90 days in the past Vendors & Payables Medical Linen Surely - 154/5 Net 15 days - Outstanding Inv # 2789 for $600 (HST) March 20/2020 Westdals Plaza - Rent - $5500/month + HST Due 19 day of every month EC Pitow.Company - 15/5 Net 20 - no outstanding invoices Supplemental Health Co. Due on Receipt - none outstanding Orancexolle Utilities - Hydro & Water, Net 30 days, (+HST) Ropers Communications - Net 30 days (+HSTI (note there is an issue with these last two vendors. The bills from March did not get entered and are overdue. You will see that you have to write cheques to these vendors for March then add April bills to the accounts payable) Employees & Payroll Mile Barnes - MOA/Receptionist - $20/hr max 80 hrs per day period -paid twice monthly-through payroll service Jason Bourne-Cleaner/Maintenance $16/hr max 80 hrs per period - paid twice monthly - through payroll service Employees are paid through a payroll service, twice per month An invoice is sent for the total amount plus service fee plus 5T) at least 5 days prior to pay day Aland Al take monthly Drawings of 52250 each. Pod by Cheque at month end. 1 AYAT Chiropractic & Mae Mar 31, 20 Debit Cred 250 SE 5000 20 30 20 10000 B of Regina Che count 10500 Faine Credit Card Interact 11500 Accounts Patinage 12000 Net pris 12160 Prepaid 12000 Net Prep 12200 Prapatan 12000 et 12400 Preparing 13000 Teppe Tot 13100 Lupo 15006 Suppe Total 1500 metus 1500 Sup Tot 13500 Other Supplies 14000 Inventory Total Contour Foam Datory To 150 NON-a upplemente 100 Computer Equipat NEV10100 Computerwoment cont 16000 Computer NEV.1.300 AG D. Computer 1050 Treatment top1600 Trata 10 Tratatuto Tratat 150 Troup16500AE D. Trente 17106 Oct 17200 om um 11100 ONS 170 DAGER OFurniture 21000 Account Pay 22000 Banday 2006-CHET 50000 gecey BA : 280.00 son 50 15.00 2 300 bring 100 Total en Chiropractice 100 Total Manage 10 Tott 11000 100 *1000 Tests sa pa S7 Ant ALE 250 Dosen CE 7000 710 2 na TOTAL