Music Trade Review
Issue: 1918 Vol. 67 N. 11 - Page 7
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
SEPTEMBER 14, 1918
MUSIC
TKADK
UK VIEW
A MUSIC DEALERS ACCOUNTING SYSTEM—(Continued from page 6)
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the close of the day, which is entered in the third
column.
Under the heading of "Accounts Receivable"
you will enter in the first column the amount of
charge sales for the day and in the second col-
umn the amount of money received that day on
these accounts, adding the charge sales for the
day to the balance for the preceding day, and
subtracting the amount paid on them you have
the balance receivable at the close of the day.
The next heading is "Gross Profit," but as
the third form of this system takes up the per-
petual stock record we will skip it at this time
and take it up later in connection with the stock
register form.
The next heading found on this form is "Ex-
penses"; here space is provided for an itemized
account of all expenses. All money paid out
for expenses will come in under some one of
these headings, all of which are self-explanatory.
The last column provides for entering the total
expense.
The third form is known as the "Stock Regis-
ter" and provides for a perpetual stock record.
This form alone is worth many times the cost
of the system. With it you know at the close
of each day just what articles of stock you have
on hand and a full description of it, and with
this form you are able to figure your exact net
profit for each week.
By glancing at this form you will see that it
provides for entering a complete description of
each article. In using this system it is necessary
to give every article a stock number, keying it
in such a manner you can tell at a glance to
which department each article belongs, as for
instance if you letter your departments then
you will precede your stock number with the
letter of the department to which it goes. Take
pianos: you will number them as A54, A55, A56,
A57, etc., the letter "A" preceding the number
represents the department to which it belongs.
Hut if you number your departments then you
will let the first two figures of the stock number
represent the department and when marking
goods that go into any department from 1 to 9
you will need to precede the numbers with an
0 owing to the fact that any department from
1 to 9 has but the one figure, and in order to
have the necessary two figures it will be neces-
sary to place an 0 in front of it, as 0167, 0276,
0345, etc. But any department from No. 10 and
on up it is not necessary to do this because the
department number will contain the necessary
two figures.
When the clerk makes a sale it will be neces-
sary for him to take the stock number of the
article he sells and enter this upon the sales
slip as well as the name of the article so tnat
the bookkeeper can check this article sold on
the stock register. Then as these slips come
into the bookkeeper she will turn to the stock
register and set down on a separate slip of paper
the cost of each article sold, also the price re-
ceived for the article. After she has taken down
the cost and the selling price of all articles sold
that day she will add up each column separately
and subtract the cost from the selling price and
you have the gross profit made that day on the
goods sold. This gross profit figure will be
entered in the "Gross Profit" column of the
"Daily Record." At the end of the month or the
week, you will take and subtract the total ex-
pense for that time from the gross profit and
you have your net profit for that period. No
guess work but absolute facts—wouldn't it be
worth while to be able to know these things re-
garding your business?
Xot only does this stock register enable you
to figure your profits, but it is an aid in buying.
You are able to tell at a glance just what articles
you have in stock, whether you need to buy
stock or not. If stock needs replenishing you
can tell just what articles and what styles, etc.,
are needed. It will also serve as a check against
theft. With it you can go over the stock in
any department and see if every article is still
in stock that has not been checked sold on your
stock register.
Victrola XVII, $275
Victrola XVII, electric, $332.50
Mahogany or oak
Other styles $22.50 to $950
Victor
Supremacy
I
Victor supremacy is
the natural reward of
merit.
And it is responsi-
ble for the success of
every Victor retailer.
Victor Talking Machine Co.
Camden, N. J., U. S. A.
Berliner Gramophone Co., Montreal,
Canadian Wholesalers
" V i c t r o l a " ;, , h e Regitiered Trade-mark of
the Victor Talking Machine Company designating
the product* of this Company only.
W a r n i n g : The u*e of the word Victrola
upon or in the promotion or sale of any other
Talking Machine or Phonograph product* u mil-
leading and illegal.
Important Notice. Victor Records and
Victor Machine* are scientifically co-ordinated
and synchronized in the processes of manufacture,
and their use, one with the other, is absolutely
essential to a perfect reproduction.
"HIS MASTERS VOICE"
THE
SEPTEMBER 14, 1918
MUSIC
TKADK
UK VIEW
A MUSIC DEALERS ACCOUNTING SYSTEM—(Continued from page 6)
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4^
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the close of the day, which is entered in the third
column.
Under the heading of "Accounts Receivable"
you will enter in the first column the amount of
charge sales for the day and in the second col-
umn the amount of money received that day on
these accounts, adding the charge sales for the
day to the balance for the preceding day, and
subtracting the amount paid on them you have
the balance receivable at the close of the day.
The next heading is "Gross Profit," but as
the third form of this system takes up the per-
petual stock record we will skip it at this time
and take it up later in connection with the stock
register form.
The next heading found on this form is "Ex-
penses"; here space is provided for an itemized
account of all expenses. All money paid out
for expenses will come in under some one of
these headings, all of which are self-explanatory.
The last column provides for entering the total
expense.
The third form is known as the "Stock Regis-
ter" and provides for a perpetual stock record.
This form alone is worth many times the cost
of the system. With it you know at the close
of each day just what articles of stock you have
on hand and a full description of it, and with
this form you are able to figure your exact net
profit for each week.
By glancing at this form you will see that it
provides for entering a complete description of
each article. In using this system it is necessary
to give every article a stock number, keying it
in such a manner you can tell at a glance to
which department each article belongs, as for
instance if you letter your departments then
you will precede your stock number with the
letter of the department to which it goes. Take
pianos: you will number them as A54, A55, A56,
A57, etc., the letter "A" preceding the number
represents the department to which it belongs.
Hut if you number your departments then you
will let the first two figures of the stock number
represent the department and when marking
goods that go into any department from 1 to 9
you will need to precede the numbers with an
0 owing to the fact that any department from
1 to 9 has but the one figure, and in order to
have the necessary two figures it will be neces-
sary to place an 0 in front of it, as 0167, 0276,
0345, etc. But any department from No. 10 and
on up it is not necessary to do this because the
department number will contain the necessary
two figures.
When the clerk makes a sale it will be neces-
sary for him to take the stock number of the
article he sells and enter this upon the sales
slip as well as the name of the article so tnat
the bookkeeper can check this article sold on
the stock register. Then as these slips come
into the bookkeeper she will turn to the stock
register and set down on a separate slip of paper
the cost of each article sold, also the price re-
ceived for the article. After she has taken down
the cost and the selling price of all articles sold
that day she will add up each column separately
and subtract the cost from the selling price and
you have the gross profit made that day on the
goods sold. This gross profit figure will be
entered in the "Gross Profit" column of the
"Daily Record." At the end of the month or the
week, you will take and subtract the total ex-
pense for that time from the gross profit and
you have your net profit for that period. No
guess work but absolute facts—wouldn't it be
worth while to be able to know these things re-
garding your business?
Xot only does this stock register enable you
to figure your profits, but it is an aid in buying.
You are able to tell at a glance just what articles
you have in stock, whether you need to buy
stock or not. If stock needs replenishing you
can tell just what articles and what styles, etc.,
are needed. It will also serve as a check against
theft. With it you can go over the stock in
any department and see if every article is still
in stock that has not been checked sold on your
stock register.
Victrola XVII, $275
Victrola XVII, electric, $332.50
Mahogany or oak
Other styles $22.50 to $950
Victor
Supremacy
I
Victor supremacy is
the natural reward of
merit.
And it is responsi-
ble for the success of
every Victor retailer.
Victor Talking Machine Co.
Camden, N. J., U. S. A.
Berliner Gramophone Co., Montreal,
Canadian Wholesalers
" V i c t r o l a " ;, , h e Regitiered Trade-mark of
the Victor Talking Machine Company designating
the product* of this Company only.
W a r n i n g : The u*e of the word Victrola
upon or in the promotion or sale of any other
Talking Machine or Phonograph product* u mil-
leading and illegal.
Important Notice. Victor Records and
Victor Machine* are scientifically co-ordinated
and synchronized in the processes of manufacture,
and their use, one with the other, is absolutely
essential to a perfect reproduction.
"HIS MASTERS VOICE"
Future scanning projects are planned by the International Arcade Museum Library (IAML).