Professional Documents
Culture Documents
Accounting Department Manual
Accounting Department Manual
Directory of employees……………………………………………..3
SWOT Analysis………………………………………………………..6-7
Payroll Dates……………………………………………………………7
W4s………………………………………………………………………..9
Inventory plan………………………………………………………...10
Inventory pricing……………………………………………………..11
Closing Statement…………………………………………………...11
Directory of Employees
Gabi Croll (CFO)- Gabi Croll is on the varsity volleyball team at
Waubonsie, plays club volleyball outside of school, and is also a Link
Leader who inspires and teaches freshman. She is quite experienced in
accounting as she has taken Accounting 1 and Honors Accounting and
holds the CFO position in Shoe Guru. Ms. Hysch and other friends
motivated her to take VEI this year and she is excited to get the experience
of working in a business-like environment and get a feel for a job after
high school.
Accounting Tasks:
Task 1 Establish an Accounting System
SWOT Analysis
Strengths: In our accounting
department, every employee has
completed at least one year of
accounting. We have experience with
receiving and paying money,
journalizing, and posting the
transactions. We all enjoy accounting,
which will make the work go by faster.
Opportunities: The accounting department will have the opportunity to utilize the
entirety of quickbooks in order to complete all the tasks we are responsible for on one
neutral site. We have a strong group of individuals that are looking to work beyond the
necessary requirements of our jobs, and analyze financial situations for the betterment
of the company.
Threats: With accounting being extremely detail oriented, a potential threat is little
errors that can be made in transposition or math. It will negatively affect the company
as a whole if the numbers are incorrect. Another threat that could be seen is Shoe Guru
not generating enough profit to have a lot of money left over after payroll and taxes.
Payroll Dates
We will follow a biweekly payroll schedule with the following pay dates:
➔ November 15
➔ November 30
➔ December 15
➔ December 31
➔ January 15
➔ January 31
➔ February 15
➔ February 31
➔ March 15
➔ March 31
➔ April 15
➔ April 30
The payroll register will be completed on Google Sheets.
Along with each salary being distributed, the appropriate Medicare, Social Security, Federal
Income, FUTA, and SUTA taxes will be taken out of each paycheck and the match taxes will be
filed by Shoe Guru. The gross salary and 401k amounts will be totaled and tracked each month.
Salary Determination Rules
We have determined the appropriate salary for each position based on research and
referencing the salaries from Headlinerz as a reference. Each salary will be calculated
for each pay period and additional bonuses and taxes will be added and taken out,
respectively.
Accounting Executive - $20,000
Marketing Executive - $18,000
HR Executive - $16,000
Creative Services Executive - $18,000
Chief Financial Officer - $26,000
Chief Marketing Officer - $24,000
Chief Administrative Officer - $20,000
Chief Design Officer - $22,000
Chief Executive Officer - $32,000
W4 for employees
Vincent delivered a presentation to the class on the proper way to fill out a W4. He directed each
of the employees to put their school ID number in box two to avoid having them put their real
social security number. Everyone is single with one allowance. The start date of employment for
everyone at Shoe Guru was October 3rd, 2019.
Closing Statement
Here in the accounting department at Shoe Guru, we will work to provide the most accurate and
timely information in order to help lead the firm to success. We will collaborate within the
department as well as with other departments to share ideas and create the resources needed to
help the business run as smoothly as possible.