srmojumder966
Doczy: 29 Pa 2024
Posty: 1
|
|
 Three Legal Entities and Order in Finances. Space Up Case |
 |
The Space Up service for renting workspaces and virtual legal addresses provides virtual office services. This is necessary for registering a business in the Unified State Register, which must indicate the legal address of the company. As a rule, it coincides with the registration of the founder or with the address of the rented office. But if this is a remote business, for example, an online school, it is irrational to rent an office in the city, it is much more convenient to rent a virtual legal address, to which correspondence will be sent and through which communication with the entrepreneur will be carried out.
Space Up also provides actual workspaces for rent – it is a coworking space in Yekaterinburg.
•
The company employs 20 people.
•
Annual turnover is about 80 million rubles.
I didn't count anything for 10 years
The director and owner Vasily Mosienko spoke about the specifics of the company's work :
"The direction of providing virtual legal addresses is the main one, everything happens around it. Acquisition and management of real estate, coworking are added to it. There are also several partnership programs with banks for registration of legal entities, on some legal entities there is a delivery point of SDEK under a franchise and a health food store.
It is difficult to understand all this: in fact, I have three legal entities, there are also cards of individuals, from which settlements are also made"
There was no single accounting of all business finances. According to Vasily Mosienko himself, accounting was conducted separately for each legal entity, and there was no data integration.
I saw that I was earning money only by the growing number on my personal account.
The company's work was based on a rough business model, which was initially built with profit in mind:
"I acted according to this business model. But there were no specifics: no monthly profit, no expenses, no clear planning. I reasoned like this: I am the only owner of the business, the proprietor, so all the money that came to my account is mine. And based on this, I acted: I see that some money has accumulated in the account, I know that I have no debts, I bought more real estate"
Sometimes the company would do some sort of data cut through 1C. Once every six months, the accountant would do a profit and loss report, a balance sheet, and some sort of VAT statement.
"But I wasn't happy with that. It was still an accounting report, not a management report. It showed how much property was on the balance sheet, how much taxes we paid, but it didn't give a clear picture of the business's development, nothing could be seen at the moment."
Vasily Mosienko understood that it was necessary to keep financial records, but he did not know about the existence of special services and was not ready to spend money on records.
3000+ companies are already website development service working in PlanFact
Does tracking money in Excel take up your time and effort?
Evaluate the capabilities of the PlanFact accounting automation service for free. Thanks to integrations, it collects all receipts and payments, distributes income and expenses by items, instantly builds main reports and graphs.
Try it for free
For all
industries
"Then I met Natalia Samusenko, who recommended PlanFact. I was skeptical about the advice: I asked why this particular service, and whether it was possible to try others. We actually analyzed similar services, and from my own experience I came to the conclusion that PlanFact suits me best."
Financial expert Natalia Samusenko , who helped Vasily Mosienko with the implementation of PlanFact and continues to act as a financial expert in the company, tells us:
"The main request was to put the numbers in order. It was not clear how much could be withdrawn from the business, whether there were enough funds for expansion, what levers to press to increase profits. Since Vasily has several businesses and each is individual, it was necessary to first build a structure for each of them.
There are more than 50 projects in one business. Each of them requires dynamics and key indicators. One of the main tasks was to separate business money from personal funds. But thanks to the separation, we saw that 80% of the funds withdrawn from the business are returned to the business.
Since the turnover is large, it was impossible to predict and set clear tasks for the team. Now, with the help of reports and visual indicators in PlanFact, Vasily can easily manage the business"
Finances must first be calculated in order to manage them later.
Results
1. Systematized expenses and saved on taxes. There were many business expenses from a personal card: commercial real estate, equipment, furniture for a coworking space were purchased. By systematizing these expenses, it was possible to save on taxes.
"I buy real estate for 600 thousand rubles with a personal card. I have a tax system of "income minus expenses", that is, I can reduce the taxable base by the expense part. The accountant does not see a commercial purchase from a card. When we systematized expenses, we managed to reduce taxes due to these expenses by 7%. That is, by 42 thousand rubles. This is just one example, and I bought both furniture and equipment with a personal card. That is, the overall savings were much greater. If not for PlanFact, this would never have been taken into account"
2. The payment calendar helped to predict the inflow of money.
"This year I was close to a cash gap, but the payment calendar showed when and what amounts would come, helped me calm down and understand that there would be no cash gap. Already at that moment I understood the value of PlanFact"
3. Closed one unprofitable project for subleasing premises.
4. We saw the financial condition of the company, the ratio of liabilities and assets.
"PlanFact showed a complete picture of the property: how many assets and liabilities I have. It turned out that my company has very high financial stability, assets significantly exceed liabilities"
5. Separated business money from personal funds.
_________________
website development service |
|
