INTERNSHIP REPORT ON

TURNKEY BUSINESS INTERNATIONAL

Prepared by:
Name: Mureed Sultan
Class: M. Com.
Roll No.: 2321
Session: 2018-2020
Registration No.:

COLLEGE OF COMMERCE
GOVERNMENT COLLEGE UNIVERSITY, FAISALABAD

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ORGANIZATION INTRODUCTION:
Organization Name
Year of Foundation
Authorized Capital
National Tax Number
General Sales Tax Number
Business Nature
Organization/Company Type
Principal Activity
Major Product(s)/Service(s)
Mailing Address
Phone No.
Website
E-Mail
Facebook
Turnkey Business International
2017
Rs.10 Million
------------
Science, technology & engineering
Limited by shares
Services
Android & Web Development (Hybrid Apps)
Networking & Infrastructure Setup & Maintenance
CCTV Surveillance with Smart Security Solutions
Video Conferencing Solution
Attendance & Bio-metric Solution
Suit 11-C, Crown Tower Street 91, G11/3
44000 Islamabad, Pakistan
(051) 2229052
http://tkbintl.com/
https://web.facebook.com/tkbintl
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 INTERNSHIP REPORT COMPLETION CERTIFICATE

It is certified that the Internship Report has been successful completed by the students under

my supervision. It is also certified that the Report meets all criteria and standards laid down for

Completion of Degree.

The Details are as Follows:

Organization Name: GCUF

Student Name: Maria Iram
Class: M. Com.
Roll No.: 8026
Session: 2013-2015
Registration No.: 2013-GCUF-06876

Signature:

Name of Internal Supervisor

Date:

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 DEDICATION:

I want to dedicate my internship report to my dear and most respectable parents and teacher who
always love care and pray for my success. I am thankful to my parents that they left no stone
unturned to get my degree completed smoothly.

I am also thankful to my teacher especially supervisor Mr. Ayyaz who help me to complete this
internship.

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ACKNOWLEDGMENT:

First of all, I owe my gratitude to Almighty Allah in the completion of my research study well on time.
Working in office management and Accounting record-keeping is interesting. During these eight
weeks of internship, I learned a lot about office ethics, office decorum, and accounting record-keeping
by using accounting software. I have thanked Mr. Bahuu (CEO of TurnKey Business international) for
helping me in difficulty. I have thanked Mr. Ayyaz Hussain for advising me during this project.
Therefore, I am grateful to the people in the TurnKey Business International for the chance to make
this report. Further on, I want to thank the students and interns in the Turnkey Business International
who made this demanding time joyful but always efficient.

Thanks to All

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EXECUTIVE SUMMARY:

This report has been prepared after getting internship in BOP branch Madina Town Faisalabad
.The Govt.College university Faisalabad has given me task to done it in any organization. So I
have selected the bank of the Punjab for getting practical knowledge. I have divided my reports
in various portions. The main purpose of this report is to analyze the Operational activities adopt
by the BOP.
The first portions of my report consist on History and introduction of Bop, its board of Directors
and review of committee. Further Readers will able to understand about BOP mission, Vision
and values too. In the next coming pages, Report is giving a whole picture of BOP business
volume, its products lines, what are the main clients, and what are the whole competitors. In the
3rd portion, I have written BOP department’s information, its task, all department function. So
it will increase the awareness of the readers regarding to BOP Departments activities. The other
main and vital portion of my report is my tasks which have been assigned during internship. In
report I have mentioned all departments I worked and got practical knowledge. Here I want to
mention these entire departments which I got training
Account Opening Department
Remittance Department
Clearing Department
Accounts Department
Credit Department
The main portion of my report regarding to BOP Operational activities have written about my
work in Account Opening Department. How to open an account in bank, what are the
requirements of an account opening officer to his/her client must fulfill. After this portion, you
will be able to read about Critical analysis with my true observation. Report will also show you
the SWOT analysis, where readers could able to understand BOP strength, weakness,
opportunity and threats. After that I have also written conclusion and necessary
recommendation in light my finding.

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TABLE OF CONTENTS:

Ch No. Chapter Names Page No.

1 Introduction and background of BOP
1.1 Introduction to Turnkey Business International 1
1.2 Brief History 2
1.2.1 Nature of organization 3
1.2.2 Vision 3
1.2.3 Mission 4
1.3 Core values 4
1.4 Board of directors 4
1.5 Management team of BOP 5
1.6 Business Volume 5
1.7 Achievements and awards 5-6
2 Structure of BOP
2.1 Overall structure of BOP (Hierarchy) 7
2.2 Branch structure 8
2.3 Department vise hierarchy of BOP 9
2.4 Introduction of all departments 10
2.4.1 Introduction and functions of account department 10
2..4.2 Vouchers 10
2.4.3 Different heads of vouchers 10
2.4.4 Credit vouchers 11
2.5 Cash department 11
2.6 Clearing department 11
2.6.1 NIFT 12
2.6.2 Types of clearing 12
2.6.3 Six identifiers, confirming the negotiability of a cheque 12
2.6.4 Inward clearing: 13
2.6.5 Outward clearing: 14
2.7 Remittance department 14
2.7.1 Parties of remittance 14
2.7.2 Types of remittance 15
2.7.3 SWIFT 15
2.8 Credit department 16
2.9 Other departments (Division of Accounts) 16-17
3 Products and Services of BOP
3.1 Deposits Products 18

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3.2 Profits and loss sharing term account 18
3.3 Consumer Finance 18
3.4 Commercial Finance 18
3.5 Electronic Banking 19
3.6 Services 19
3.6.1 Agriculture credit 19
3.6.2 Trade Finance 20
3.7 By-Products/services of BOP 21
3.7.1 Islamic Banking accounts 21
3.8 Competitors of BOP 22
4 Practical work done in specific department
4.1 Theoretical experience 23
4.2 Training program 23
4.3 Account opening 24
4.4 Types of account and documents required 24
4.5 Procedure of account opening 25-26
4.6 Procedure for Closing of an account 27
4.6.1 Account closing 27
4.7 Dormant Account 28
4.8 Re-activation of Dormant account 28
4.9 Accounts department 28
5 SWOT Analysis
5.1 Internal analysis 29
5.1.1 Strength 29
5.1.2 Weaknesses 30
5.2 External analysis 31
5.2.1 Opportunities 31
5.2.2 Threats 31-32
6 Financial Statement analysis 33
6.1 Financial Analysis 34-35
6.2 Horizontal analysis 36-39
6.3 Vertical analysis 40-43
6.4 Ratio analysis 43-53
7 Conclusion 54
8 Suggestions and Recommendations
8.1 Recommendations 55
8.2 References 56

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Introduction to Software house
Software companies are part of the broader computer industry and provide products in one of four
categories: programming services, system services, open source, and software as a service (SaaS).
Software companies generate revenue from software licenses, maintenance services, subscription fees,
support services, and more. By using cloud technology, a fast-growing area, customers now easily pay
a regular subscription fee to immediately access software through the Internet on a provider’s server.
Software companies are also some of the world’s top developers of enterprise solutions.

Introduction to software company in Pakistan

A software house is a company that primarily provides software products. These companies may
specialize in business or consumer software (either out-of-the-box or single-license software) or
software-as-a-service (SaaS) products. The common definition is that the company is mainly invested
in developing and distributing software products.

How software house work

The goals and objectives of a software house vary, depending on the client base and a structure for a
software release. Some houses specialize in contractor jobs that are commissioned for specific
corporate clients. Others create public out-of-the-box software to be sold on store shelves. Each
specific approach requires its own design process, set of professional rules, and distribution strategy,
taking into account, for example, time zones, user system requirements, and much more.

Introduction to TurnKey Business International:

TKB is the name derived in accordance with the fast placed
technological developments in the contemporary business
environment. Founded in 2013 as services company for
Information Technology and content development group, offering
business automation solutions, ERP’s for different domains,
content writing online marketing solutions, social media
marketing, email management, software development and business consultancy services. Within
short period of time Turnkey has made tremendous progress in the field of IT and Marketing.

Currently TKB is serving Open ERP (Odor), Business Process Re-Engineering (BPR), Content
Writing, SEO and Virtual Assistant clients. At TKB our aim is to develop long term relations with our
clients by focusing on the quality and delivery of the work.

We have following major divisions at Turnkey Business Solutions:

I. ERP Solutions
II. Web Development
III. Mobile Apps Development (Android & iPhone)
IV. Point of Sale Solutions

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As an employer, TKB is one of the pioneers of the home based jobs in the country. The company rolls
out variety of freelance jobs in which contractual employees can work from their homes or remote
areas.

Content and Academic writing is one of the largest divisions at TKB. We offer variety of content
development and academic writing services to our foreign as well as local clients. These services range
from article writing, website content, blogs, academic papers, presentations, resumes and cover letters
to online assistance and teaching etc. With the team of highly qualified and experienced content writers
we strive to fully satisfy our clients so that long term relations are developed with them.

History of Turnkey Business International:

The TurnKey Business International was incorporated in Pakistan as a private
limited company on 18th July 2013 under the Companies Ordinance, 1984. The
principal business of the Company is to engage in software and related services
business in Pakistan and abroad.
The company is being operated in Karachi, Islamabad, Lahore.

The TurnKey Business International Story

Back in 2013, when Turnkey Business International started its operations, most of the travel
professionals and travel groups were facing challenges in their e-Commerce operations. They were
unaware of its tools and the rest of them were threatened to take new risks. Others were not getting the
right technology solutions that can support them in achieving their travel trade goals.
Mr. Mubeen Bahuu had a dream to bridge the gap between its customers and their goals. He started a
new venture with the name of Online Platform for Business. A platform that provides e-commerce,
Security & Surveillance, Mobile and web development solutions to the travel trade industry. After
years of excellence, our company is one of the leading and trusted e-commerce solution providers in
the travel trade industry. Leading Travel Management Companies are proud to be our partners.

Nature of Organization:
TKB is a portfolio of a diverse range of business services customized according to the needs
of the clients. Turnkey provides research and writing solutions to its business and
academic clients all over the globe. The company is also operating as an outsourcing
unit of various other businesses around the globe. At present we have 15+ organizations
as our clients for various business services.

At TKB the team of highly qualified and experienced professionals strives to achieve excellence in
their services. As a new start-up, we are promoting a real business culture within our organization.
Added to this we are putting in the great effort to satisfy our clients in all respects of their business
needs.

TKB offers wide range of ERP, web development, writing, editorial, research, e-marketing, social
media marketing and e-commerce services and solutions to various organizations, individuals,
websites, magazines, blogs etc.

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With the team of highly experienced individuals, Turnkey targets the corporate sector for independent
research, consultancy, surveys, company report writing, press releases, newsletter preparation, graphic
designing, e-mail marketing, to name a few. Our team consists of contractual employees working from
the remote areas. Our clients gain an edge by outsourcing the expensive administrative services at
cheaper rates. Not only we focus on the competitive prices we make sure that clients get premium
quality work within allocated time period

Mission, Aim and Objective of TurnKey Business International:

Our core mission is to provide top-class software development and related consulting and business
process outsourcing services using cutting-edge technologies, robust development tools, and client-
oriented approaches.

i. To provide the business a complete working plan which elaborates where you are and where
you want to be in future.
ii. Visibility of resources, Control over processes, Enhancing productivity.
iii. TKB offer the writing and research solutions to the academic as well as business clients around
the globe. TKB aims to arrange for the comprehensive array of educational consultancy which
contains article writing, report writing, research TKB arrange for consultancy to organizations,
individuals, websites, magazines, blogs and academic clients. The business solutions which are
aimed to provide at TKB includes in web development, e-marketing, social media marketing,
enterprise resource planning and e-commerce solutions

Description
Our aim is to define a new dimension of quality in custom software development, IT-related
consulting, IT, and business process outsourcing services. That is why, the logo of Turnkey Business
International Consult is “the art of software development “, which in business language means “quality
beyond the expectations of the customer “. In simple words, the objective of Turnkey Business
International Consult is the total satisfaction of its customers.

We have succeeded to deliver all our projects in time, providing highly innovative, scalable, reliable,
and easily maintainable solutions to our customers. Based on an exceptional team of IT specialists and
a powerful and highly mature agile software development process, we enable our customers to develop
their application portfolio on time and at high quality.

Team of TurnKey Business International:

The secret behind the success of TKB is the team of highly qualified IT experts and content writers.
These contractual employees are empowered to do the work as they like and this trust has always
proved beneficial. Our employees take the responsibility of the work and make sure that it is delivered
according to the given time.

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Graduates and undergrad students of the following universities have been part of our team and
we are proud of them:
 Lahore University of Management Sciences (LUMS)
 Lahore School of Economics (LSE)
 Bahria University
 FAST National University
 University of Karachi
 Iqra University
 COMSATS University

Products and Services of BOP

1. ERP Solutions
2. Point of Sale Solutions
3. Android & Web Development (Hybrid Apps)
4. Customized Business Applications
5. Networking & Infrastructure Setup & Maintenance
6. Hardware, CCTV Surveillance with Smart Security Solutions
7. Video Conferencing Solution
8. Attendance & Bio-metric Solution
9. Access Gates & Walk-through Solutions
10. Project Management Services

Business Level of Turnkey Business international:

Business level of Turnkey Business International further at Pakistan level services and its
branches in Lahore and Karachi. through such branches, Turnkey provides its best services to its
customer. More than 45+ companies that are related to our company like Burj Huraira, Melody Foods,
Sargodha Police, etc. are also our customers. In future May Allah Pak helps us so we trade at the
international level

Core values of Turnkey Business International:

1. Respect People: Your Team, Vendors, Guests, and Homeowners

2. Communicate and Be Transparent
3. Deliver Convenience and Peace of Mind
4. Act Proactively, Not Reactively
5. Innovate and Improve
6.
Respect People: Your Team, Vendors, Guests, and Homeowners
Respect is the founding principle of our company culture. We embrace each person’s unique talents
and diverse backgrounds, experiences, approaches, and ideas to constantly grow as a company. Our
goal is to provide a valuable, meaningful, and interesting workplace that fosters a happy, motivated
team, which includes our vendors and other contractors. By doing so, our team is able to provide our
customers-both guests and homeowners with the best possible experience and service.

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Communicate and Be Transparent
By listening to others, we gain a deeper, more holistic understanding of our team, how our jobs fit into
the services that TurnKey provides, and what we need to do to make sure we, our team and the
company as a whole are successful. We also want to encourage two-way communication, because each
employee’s input helps us continue to improve and grow as a company.

Deliver Convenience and Peace of Mind

The premium experience that we deliver for our guests is twofold: we deliver convenience (which
means time savings) and peace of mind (which means reliability). Our teams work cohesively with our
technology to provide a consistent, hotel-like guest experience and superior owner services. Owners
can trust us to take care of their properties as if they were our own and take care of their financial
investments as if we invested our own money. We handle all aspects of managing each vacation rental
so owners don’t have to.
We also want to deliver convenience and peace of mind to our co-workers and ensure that we get our
work done in a timely, professional manner, going above-and-beyond the call of duty to help each
other out.

Act Proactively, Not Reactively

Each team member anticipates and promptly fixes any problem before it has the opportunity to become
worse and impact team members, guests, and owners. We do not pass the buck. We deal with each
issue in a timely, professional manner and don’t expect someone else to fix the problem for us. We
write down what happened so others know, and we constantly update our best practices.

Innovate and Improve

Each team member is responsible for new ideas, finding problems, and solving them in your role so
they never happen again. We challenge the status quo and think critically based on data and facts.
Finding a better way for your team, guests and owners is the TurnKey way.

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 Chapter 2: Organizational Structure/Hierarchy
Management team of TurnKey business international
CEO Mr. Mubeen Bahuu.
Structure of TurnKey Business International
CEO
(Mr. Mubeen Bahuu)

Marketing Human Resource Web development Software Networking

Development
 Mr. Aslam Khan  Mr. Umar  Mr. Shahid Khan  Mr. Adeel Butt  Mr. Sohaib
Farooq Awan khalid
 Mr. Ali Awan  Mr. Rasheed  Merza Asad
Mughal Iqbal  Mr. Shahzad
 Mr. Sajjad Farooq
Haider  Mr. Mohsin Ali  Mr. M. Nadeem

 Mr. Tehsin Awan

Accounting Department Cafeteria

 Mr. Shahid Awan  Mr. Mumtaz Khan

Department in Turnkey Business International:

ACCOUNTS DEPARTMENT
Mr. Shahid is in charge of the accounts department. The finance department deals with money all needs
have a need for money and the finance Department manages this problem. The finance manager
contacts with the CEO and get money and prepare the loss & profits. This control all account in the
organization and prepare of all Profit &Loss Statement and Income Statement and Balance sheet. This
control of all Financial Statement.

Marketing:
Mr. Aslam is in charge of the Marketing department. he is an MBA by Bahria University. his teammate
Mr. Ali and Mr. Sajjad are also MBAs. His responsible to take over all public relation matters,
problems i.e. occurred by the customer and all outer affairs are handling and settle by Mr. Aslam and
its team

HR Department
Mr. Umar Farooq is in charge of HR department. He is MS in HRM. His responsibility to manage
employee hiring and firing. He is also responsible to dispute settlement in employees.

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Web Development
Mr. Shahid Khan is a charger in web development. He is an expert in HTML programming. A customer
that is related to an online site serving services Mr. Shahid and its teammate helps the customer. Online
website, Online portal, Online attendance, Biometrics, and security are provided by Web Development
Department

Software department
Mr. Adeel Butt is in charge of the Software department and HE is MSCS by Quaid-e-Azam university.
He is a good programmer of python and java. The tasks that are related to computer or mobile android
hybrid software and application is developed by the Software department. his teammate Merza Asad
Iqbal, Mr. M. Nadeem and Mr. Tehsin Awan are good hybrid application programmers.

Networking
Mr. Sohaib Khalid is in charge of the networking department. His teammate Mr. Shahzad Farooq is
responsible to manage computer server system. It is the main department where all Turnkey Computers
are connected and data servers are in the networking department. all sharing and protocol are
management and check by networking department

Mechanical department:
Mr. Mubeen Bahuu also maintains the Mechanical department of TurnKey business internationally
owned. of any problem are occurred in the hardware of computer, networking or electricity so this
department repairs and troubleshoot problem easily. (Idea of the mechanical department is new and
under process so no worker work in this department)

Cafeteria:
Our CEO Mr. Mubeen is a warm heart so he also established a cafeteria where coffee is free two times
a day. Almost everything related to breakfast is available in our company with bearable prices.

Temporary Employee (Internship):

In turnkey Business International many students in which their curriculum course requires an
internship. Some students are not bear expenses of university or own expenses. in such condition
Turnkey Business international help such students by giving him par time jobs were hardworking
students not dishearten by money. They continue their studies easily and in turnkey business
international get employees very easily with its efficiency of six or eight weeks. Such workers are
temporary in company.

2: Work layout and Timetable:

In turnkey Business international timetable is very fit. Turnkey Business International office is open
at 9'o clock with a continuous working period of three hours. at 12'o clock tea break for a half-hour
and remaining half hour to relax. at 1'o clock office time in and end at 4'o clock. If anyone wants to
extra work for 2 hours are offered and pay extra salary for his extra services.

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 Chapter 3: Product(s) Introduction (Discuss in Detail)
In above company layout I describe about company department and its working. Our company provide
services to our clients and we have not any products manufactured.
Services of Turnkey Business International are as under:
Academic Services

Our team of highly qualified professionals including PhDs are ready to provide extensive academic
assistance to students and business graduates around the globe. We strive to create a link between
theory and application by providing analysis of the real-life cases. Our research and analysis is
supported with the help of journal articles, publications, International conferences, etc.
Our customized academic solutions include:

ESSAY WRITING SERVICES

 Assignments, Essays & Reports (All levels)
 Business Plans
 Dissertation
 Theses
 SPSS
 E-Views
 Research Work
 Power point Slides
 Online Excel Classes

Wide range of subjects are covered in the academic writing services, including:
 General Management
 Marketing
 Accounting
 Finance
 Human Resource Management
 Economics
 Statistics
 Research Methods
 English Literature
 Journalism
 History

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Marketing Services
 Social Media Marketing (SMM)
 Search Engine Optimization (SEO)
 Search Engine Marketing (SEM)
 Online Marketing
 Google AdWords Campaigns (administration and analysis)
 Email marketing
 Bulk SMS marketing
 Content Writing Services (white papers, case studies, presentation slides, reports)
 Website Collaborations
 Social media pages’ collaborations
 Guest posting
 These services are provided by team of highly experienced marketers who have developed a
unique sense of playing in the digital field to help you compete with rivalries.
Business Solutions
TKB provides customized business services to its clients. Qualified and experienced experts in
different fields work together to achieve excellence in the required tasks. Today’s business
environment has changed the way people in the organizations used to do work. Now the focus is
on the quality of the work rather than complex structures and ethical codes. We narrow down our
operations to provide an innovative solution to the problem of our clients.

Clients in the corporate sector are served in following important outsourcing fields:
 HR Consultancy
 Document Development
 Report Writing
 Press Release
 Newsletter
 Presentation Slides
 Database Management
 E-Marketing
 Internet/Online Marketing
 Social Media Marketing
 Magazine Article/Content Writing
 SEO, SEM
 Corporate Sector Database
 Students Database
IT Automation Solutions
TKB is a team of highly qualified professionals who have expertise in IT delivering high end
Enterprise Solutions, Academic Writing and Business Solutions. Quality work in ERP, CRM,
multiple Business and Project management applications is delivered in affordable cost and time.

Products & Services

TKB offers following products and services from lower end to high end customer needs.

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Technologies
Java, PHP, .Net, Python, Linux

ERP Services
 Implementation/ Rollouts
 System Analysis & Design
 BPR
 ERP Modular Upgrades
 IT/ERP Advisory
 Independent Testing/ Validation Services
 Zero license costs
 Ultimate flexibility – No “black box” package
 No vendor lock-in – Using standard data formats and protocols
 Less risk – Future of system not tied to one company
 Extensibility
 Unlimited user support
 Powerful object level user rights
 User Friendly
 Scalable
 Start playing with our demo data and be ready to work!
 Controls all your innovating processes

Open ERP Solution

Open ERP is a comprehensive suite of business applications including Sales, CRM, Project
management, Warehouse management, Manufacturing, Financial management, and Human
Resources, just to name a few. More than 1000 Open ERP modules are available from the Open
ERP Apps market place (http://apps.openerp.com/).

Sales & Distribution Management

This Module comprises of Contact Management and Sales Order Processing Management. It is
an integrated solution comprising of marketing and sales activities. Organization can act
immediately to improve sales, service and marketing effectiveness by using this Module. Open
ERP Sales Management module is all about retaining customers, improving customer loyalty and
gaining customer insight. This module also helps to you getting your customer order management
easier day by day. Whether it is maintaining customer information, quickly creating a quote or
migrating them to sales order or being responsive to your customers, we provide you right solution
and efficient flow of information.

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Purchase Management
Purchase Management module in Open ERP streamlines procurement of required raw materials,
packaging material, sub assembly and other non-inventory materials. It automates the processes
of identifying potential suppliers, Supplier Evaluation, Supplier Quote Evaluation, awarding
purchase order to the supplier, and billing processes. Purchase module is tightly integrated with
the inventory control and production planning modules.

Manufacturing, Planning and Control

Manufacturing, Planning and Control Module in Open ERP optimizes the utilization of
manufacturing capacity, parts, components and material resources using historical production data
and sales forecasting. Planning right from Sales until Production will be available to the
Management on a click of a button. The Planning module comprises of Forecasting based on
Weighted Average, Multi-Level Production Planning, Inventory and Material Planning, Capacity
Planning, etc.,

Total Quality Management

It remains to be the undisputed matter that quality is the prime pillar of success for any industry.
Open ERP Solution helps Quality Assurance & Control department with its sophisticated Total
Quality Control Module. Open ERP Quality Control Module not only monitors quality by control
plans in purchasing and manufacturing but also provides real-time process capability index for
quick review. Quality Control in Open ERP facilities are versatile and offer support for every
phase of your operations, from receipt and acceptance of raw materials, through production of
intermediates, to inspections of finished goods before shipment to customers.

Inventory and Material Management

Inventory Management Module in Open ERP provides a powerful and flexible set of features to
help you manage and report your inventory information. Open ERP Inventory Management
facilitates processes of maintaining the appropriate level of stock in a warehouse. The activities
of inventory control involve in identifying inventory requirements, setting targets, providing
replenishment techniques and options, monitoring item usages, reconciling the inventory
balances, and reporting inventory status.

Excise Management
The Excise module in Open ERP will enable the organization to ensure Excise compliance to
manage all transactions of Sales, Purchase, Production, Warehouse Transfer etc., This module
will help the organization fulfill its statutory requirements according to latest government
regulations.

Human Resource Management

Human Resource module in Open ERP streamlines the management of human resources and
human capitals. It comprises of four broad sections, mainly Training, Recruitment, Payroll and

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 Attendance. HR module in Open ERP routinely maintains a complete employee database
including contact information, salary details, attendance, performance evaluation and promotion
of all employees

Finance Resource Management

Finance Resource Management in Open ERP gathers financial data from various functional
departments and generates valuable financial reports such as Balance Sheet, Trial balance,
General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost
Center Wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation
Management, Tax Management, ABC Analysis and many more. Open ERP Finance management
module has the capability of meeting all the accounting and financial needs of an organization. It
is with this module that Financial Manager as well as other Managers within business can review
the financial position of the company in real time and assist in better decision-making and strategic
planning.

Point of Sale
Open ERP’s Point of Sale introduces a super clean interface with no inst allation required that
runs online and offline on modern hardware’s.

Its full integration with the company inventory and accounting, gives you real time statistics and
consolidations amongst all shops without the hassle of integrating several applications.

In your web browser

Open ERP’s POS is a web application that can run on any device that can display websites with
little to no setup required.

Touchscreen or Keyboard?
The Point of Sale works perfectly on any kind of touch enabled device, whether it’s multi-touch
tablets like an iPad or keyboard less resistive touchscreen terminals.
Chapter 4: Practical work done in specific department

Working as a team
Let’s take football as an example; a team cannot win if the individual performances are good but
teamwork is poor. Similarly, a business cannot achieve its goals and targets if the teamwork is
missing. My internship experiences made me realize the importance of teamwork. I had to
coordinate with the graphics team, content team, and managers before posting on social media to
gain followers and increase engagement rates for the business. The social media posts where
everybody was on the same page resulted in better results compared to those where teamwork was
not up to mark. Hence, the experience taught me the importance of teamwork and its impact on
department and companies’ success

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Ethically work
In the internship, I learned about working in the field of accounting. when many transactions are
pending and Mr. Shahid is on leave how to tackle that stress level with a cold mind. Some time
in office work some accidental mistakes occurred on how to tackle that situation. I learned that
in any situation person never loses his control otherwise it's too late. while working with many
groups I learned team ethics. how to corporate with them and how to get work by them.
I learned working ethics in stress, normal, and teamwork

Responsibility
Being responsible is an integral skill required in the job arena. my internship experience makes
me more responsible and accountable for what decisions I make and how you execute what’s
been allocated to you.

Communication Skills
It’s one of the top listed skills that recruiters look for in a resume and something that can get you
from bottom to top. Communicating well is a gem of a skill which I can learn during Turnkey
Business International internship experiences.

Time Management
It is the most important skill that I learned from the internship. During an internship which is
almost the beginning of my professional work life, I can’t mark my absence on a regular basis.

Hence, it helps me to learn to manage my time better by maintaining a balance between my work
and personal life, without harming any of them.

Problem Solving technique

What real-life problems that I have solved till now other than to decide what to wear the next day
and how to dodge the upcoming assignment deadline? An internship introduces myself to real-
life work problems and hence develops my problem-solving skills

In many difficult problems that I have faced during the Internship is to tackle the problem in team
working within a specified time-efficient and effective. The good thing is that my teammate is
agreed with me and my boss is not disappointed me in an internship.

Expertise
Of course, the primary thing that I learned from my internships was the expertise or skills required
to complete tasks in the field. As I decided to go for Master in Commerce, my internships provided
me with skills and expertise to run M.com for a business. During the brainstorming sessions of
those internships where every department of the company was present, I understood the idea of
aligning brand story, mission, and vision of business with every social media post or campaign
that you run for business. My internship experienced developed skills and expertise that are
required for Accounting and Marketing.

13
Strength of Turnkey Business International:

 Turnkey Business International has better and qualified staff.

 Turnkey BI has Software development and computer hybrid communication
 Turnkey Business International famous for Hybrid application in Sargodha, Islamabad, Lahore
etc.
 Turnkey BI Large date serving network
 Our Customer is Loyal to Company
 Turnkey BI Culture and norms are famous in other Software house
 It has large generator and un interrupt able power supply source so no one can stop working
 TurnKey BI Strong brand name and famous in Hybrid application developers.
 Turnkey Business International at prime location of Sector
 Strong Management in company
 Secure privacy

Weakness of Turnkey Business International

 Capability Problem
 Lack of Investment and cash flow
 High cost structure
 Dependence on ISP and slow speed Internet
 Internee employee not for long period.
 Too much hiring and firing
 One-man control overall business

Opportunity of Turnkey Business International:

 Turnkey large area to open its offices

 Few compactors in area
 Buy latest server and change ISP to boost up data transfer speed
 Make partnership to expend business
 Online dealing, trading and services are providing to expand business

Threats of Turnkey Business International:

 Lot of Machinery is used so high cost of electricity

 Some Legal problem occurred due to Data storage
 Market Demand and supply effect business lot.
 Increase competitor in area Sector G11/3
 Sales are fall due to corona and no business
 Raw materials e.g. biometric device CCTV or other are expensive

14
Chapter 6: Financial Statement analysis

Financial statements of Turnkey Business International:

Turnkey Business International

Income statement

For the period of 2017 to 2019

Details 2019 2018 2017

Revenue 11,142,000 9,836,854 7,884,215

CGS 7,458,749 7,047,149 5,786,774

G. Profit 3,683,251 2,789,705 2,097,441

Total operating expenses 891,260 916,290 812,570

Operating Profit 2,791,991 1,873,415 1,284,871

Other expenses 265,921 217,655 112,576

EBIT 2,526,070 1,655,760 1,172,295

Taxation 505,214 331,152 234,459
Profit after tax 2,020,856 1,324,608 937,836
Company expenses 300000 300000 300000

Net profit 1,720,856 1,024,608 637,836

15
Balance Sheet
TurnKey Business International:
Balance Sheet
For the years ended on 2017-19
Assets 2017 2018 2019

Non-Current Assets

Machinery and servers 3,162,576 2,846,124 3,173,507

Capital Work in process 467964 460,000 4,059,585

Intangible Assets 23,000 25,000 26,000

Long term Loan and Advances 310,239 338,449 367,359

Long term Deposit 69,145 55,699 36,147

Total Non-cash assets 4,032,924 3,725,272 7,662,598

Current Assets

Stores and Spares 1,806,226 1,956,550 1,769,987

Stock in trade 8,615,973 11,207,230 12,358,288

Trade Deposit 912,580 564,460 781,116

Advance and other receivable 386,098 661,325 472,355

Cash and bank branch 1,644,200 353,167 333,984

Total Current Assets 13,365,077 14,742,732 15,715,730

Total Assets 17,398,001 18,468,004 23,378,328

16
 Liability side
Liabilities 2017 2018 2019

Share Capital
Authorized Capital 10,00,000 10,00,000 10,00,000
Issued Capital 5,00,000 5,00,000 5,00,000
General Reserve 280,000 280,000 280,000
Hedge Reserve 8,656 8,000 12,018
Accumulated Profit 354970 547,980 622,770
Total Equity 643,626 835,980 914,788
Non-Current Libt
Long term Finance 5123788 5,142,673 5,291,755

Total noncurrent liabt 5123788 5,142,673 5,291,755

Current Liabt
Current Finance 1,272,620 911,220 1,560,550
Short term Borrowed 3,330,980 4,345,157 5,845,986
Short term Finance 1,620,988 2,113,120 2,432,916
Customer secured Deposit 200,220 240,843 860,369
Income tax. Net 230,000 330,000 500,000

Other Payable 4920599 4,500,123 5,920,640

Interest and accrued 55,180 48,888 51,324

Total current libt 11,630,587 12,489,351 17,171,785
Total liab and Equitiy 17,398,001 18,468,004 23,378,328

17
 Turnkey Business International

Vertical Analysis of Income Statement

For the period of 2017-19

Details 2019 2018 2017 Vertical Vertical Vertical

Analysis Analysis Analysis
2019 2018 2017

Revenue 11,142,000 9,836,854 7,884,215 100% 100% 100%

CGS 7,458,749 7,047,149 5,786,774 73.5431769 69.4848058 57.05752317

G. Profit 3,683,251 2,789,705 2,097,441 36.3168113 27.5064583 20.68074344

Total operating 891,260 916,290 812,570 8.78781305 9.03460856 8.011930586

expenses

Operating Profit 2,791,991 1,873,415 1,284,871 27.5289982 18.4718497 12.66881286

Other expenses 265,921 217,655 112,576 2.62197791 2.14607572 1.109998028

EBIT 2,526,070 1,655,760 1,172,295 24.9070203 16.325774 11.55881483

Taxation 505,214 331,152 234,459 4.98140406 3.2651548 2.311762966
Profit after tax 2,020,856 1,324,608 937,836 19.9256162 13.0606192 9.247051864

Company 300000 300000 300000 2.95799645 2.95799645 2.95799645

expenses

Net profit 1,720,856 1,024,608 637,836 16.9676198 10.1026228 6.289055413

18
 Turnkey Business International:

Vertical analysis of Balance Sheet

For the year ended on 2017-19

Assets 2017 2018 2019 Vertical Vertical Vertical

analysis of Analysis 18 Analysis 19
2017
Non-Current
Assets
Machinery and 3,162,576 2,846,124 3,173,507 78.41893376 76.40043465 41.41554862
servers
Capital Work in 467964 460,000 4,059,585 11.60359084 12.34809163 52.97922454
process

Intangible Assets 23,000 25,000 26,000 0.570305813 0.671091936 0.339310505

Long term Loan 310,239 338,449 367,359 7.692656742 9.085215791 4.794183383
and Advances

Long term Deposit 69,145 55,699 36,147 1.714512845 1.495165991 0.471732955

Total Non-cash 4,032,924 3,725,272 7,662,598 23.18038722 20.17149227 32.77650138

assets
Current Assets
Stores and Spares 1,806,226 1,956,550 1,769,987 14 13.27128513 11.26251851

Stock in trade 8,615,973 11,207,230 12,358,288 64 76.01867822 78.63642351

Trade Deposit 912,580 564,460 781,116 7 3.82873405 4.970281368

Advance and other 386,098 661,325 472,355 3 4.485769666 3.005619211
receivable

Cash and bank 1,644,200 353,167 333,984 12 2.395532931 2.125157406

branch

Total Current 13,365,077 14,742,732 15,715,730 77 79.82850773 67.22349862

Assets

Total Assets 17,398,001 18,468,004 23,378,328

19
 Liability Side
Liabilities 2017 2018 2019 Vertical Vertical Vertical
analysis of Anlayis 18 Analysis 19
2017
Share Capital

Authorized Capital 10,00,000 10,00,000 10,00,000

Issued Capital 5,00,000 5,00,000 5,00,000

General Reserve 280,000 280,000 280,000 44 33.49362425 30.60818463

Hedge Reserve 8,656 8,000 12,018 1 0.956960693 1.31374701

Accumulated 354970 547,980 622,770 55 65.54941506 68.07806836

Profit
Total Equity 643,626 835,980 914,788 4 4.526639695 3.912974444
Non-Current Libt 0 0
Long term Finance 5123788 5,142,673 5,291,755 100 100 100

Total non-current 5123788 5,142,673 5,291,755 29 28 23

liabt
Current Liabt
Current Finance 1,272,620 911,220 1,560,550 11 7.295975588 9.087872926

Short term 3,330,980 4,345,157 5,845,986 29 34.79089506 34.04413694

Borrowed

Short term Finance 1,620,988 2,113,120 2,432,916 14 16.91937395 14.16810192

Customer secured 200,220 240,843 860,369 2 1.928386831 5.010364386

Deposit

Income tax. Net 230,000 330,000 500,000 2 2.642250986 2.911753204

Other Payable 4920599 4,500,123 5,920,640 42 36.03168011 34.47888498

Interest and 55,180 48,888 51,324 0 0.391437473 0.298885643

accrued
Total current libt 11,630,587 12,489,351 17,171,785 67 68 73.4517242
Total liab and 17,398,001 18,468,004 23,378,328
Equity

20
 Turnkey Business International:

Horizontal Analysis of Income statement

For the year of 2017-2019

Horizontal
Horizontal
Details 2019 2018 2017 analysis of
Analysis 2018
2019

Revenue 11,142,000 9,836,854 7,884,215 88% 80%

CGS 7,458,749 7,047,149 5,786,774 94% 82%

G. Profit 3,683,251 2,789,705 2,097,441 76% 75%

Total operating expenses 891,260 916,290 812,570 103% 89%

Operating Profit 2,791,991 1,873,415 1,284,871 67% 69%

Other expenses 265,921 217,655 112,576 82% 52%

EBIT 2,526,070 1,655,760 1,172,295 66% 71%

Taxation 505,214 331,152 234,459 66% 71%

Profit after tax 2,020,856 1,324,608 937,836 66% 71%

Company expenses 300000 300000 300000 100% 100%

Net profit 1,720,856 1,024,608 637,836 60% 62%

21
 Turnkey Business International

Horizontal Analysis of Balance Sheet

As on 2017-2019

Assets 2017 Horizontal Horizontal

2018 2019 analysis of 2018 Analysis 2019
Non-Current
Assets
Machinery and
3,162,576
servers 2,846,124 3,173,507 89.99385311 111.5027666
Capital Work in
467964
process
460,000 4,059,585 98.29815969 882.5184783
Intangible
23,000
Assets 25,000 26,000 108.6956522 104
Long term Loan
310,239
and Advances
338,449 367,359 109.0929896 108.5419073
Long term
69,145
Deposit 55,699 36,147 80.55390845 64.89703585
Total Non-cash
assets 4,032,924 3,725,272 7,662,598 92.37149026 205.6923092
Current Assets
Stores and
1,806,226
Spares 1,956,550 1,769,987 108.3225466 90.46469551

Stock in trade 8,615,973

11,207,230 12,358,288 130.0750362 110.2706735
Trade Deposit 912,580 564,460 781,116 61.85320739 138.3828792
Advance and
386,098
other receivable
661,325 472,355 171.2842335 71.4255472
Cash and bank
1,644,200
branch
353,167 333,984 21.47956453 94.56829205

Total Current
Assets 13,365,077 14,742,732 15,715,730 110.3078718 106.5998487

Total Assets 17,398,001 18,468,004 23,378,328 106.1501491 126.5882767

22
 Liability side:

Liabilities 2017 2018 2019 Horizontal Horizontal

Analysis of 2018 Analysis 2019
Share Capital
Authorized 10,00,000 10,00,000 10,00,000
Capital
Issued Capital 5,00,000 5,00,000 5,00,000

General Reserve 280,000 280,000 280,000 100 100

Hedge Reserve 8,656 8,000 12,018 92.42144177 150.225

Accumulated 354970 547,980 622,770 154.373609 113.64831

Profit
Total Equity 643,626 835,980 914,788 129.8859897 109.42702
Non-Current Libt
Long term 5123788 5,142,673 5,291,755 100.368575 102.89892
Finance
Total noncurrent 5123788 5,142,673 5,291,755 100.368575 102.89892
liabt
Current Liabt
Current Finance 1,272,620 911,220 1,560,550 71.60189216 171.25941

Short term 3,330,980 4,345,157 5,845,986 130.4468054 134.54027

Borrowed
Short term 1,620,988 2,113,120 2,432,916 130.3600027 115.13383
Finance
Customer secured 200,220 240,843 860,369 120.2891819 357.2323
Deposit
Income tax. Net 230,000 330,000 500,000 143.4782609 151.51515

Other Payable 4920599 4,500,123 5,920,640 91.4547802 131.56618

Interest and 55,180 48,888 51,324 88.59731787 104.98282

accrued
Total current libt 11,630,587 12,489,351 17,171,785 107.3836686 137.49141
Total liab and 17,398,001 18,468,004 23,378,328 106.1501491 126.58828
Equity

23
Ratio Analysis:

Liquidity Ratio:
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒂𝒔𝒔𝒆𝒕𝒔
Current ratio: 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒍𝒊𝒂𝒃𝒊𝒍𝒕𝒚

𝟏𝟑𝟑𝟔𝟓𝟎𝟎𝟕
2017: 𝟏𝟏𝟔𝟑𝟎𝟓𝟖𝟕: 1.14

2018:

𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑎𝑠𝑠𝑒𝑡−𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦
Quick asset test ratio: 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑦

24