"Go to www.HowtoBuyaBusiness.coach to Register For Your Free Training. Find out How to Buy Your Perfect Company and How to Structure, Negotiate & Finance Your No Cash Down Deal. Building a profitable business from scratch takes years of hard graft, blood weat and tears of good luck. So for many aspiring business owners, the idea of buying a business - tapping an existing customer base, a ready-to-go workforce, supplier contracts and intellectual property - makes a lot better sense. But itâ€™s also a complicated process with many potential pitfalls. From picking the right deal structure, running a due diligence to negotiating deals and lots of papers , thereâ€™s a lot at stake and mistakes can be very costly. You need to work with an expert who can show you and provide you a business purcashing template and a workflow providing template letters, letters of intent and a complete step by step guide in buying a business. In this article, we take a look at several legal documents youâ€™ll need and the main issues involved when buying a business in the UK- these are all avaialable with full guidance with busiess buying accelerator, where carl allen provide the purchasing a busines templates for you to work through - he feels it is th eonly way to go with regards this difficult process and has lots of expereience in this space to be able to know the pitfalls. 1. An Asset or a Share Purchase? The difference here is fundamental, as it dictates everything that follows. Hereâ€™s a quick summary: If youâ€™re buying a sole trader or partnership, your only option is to buy the assets, because there are no shares to buy. If itâ€™s a company, youâ€™ve got a choice: either buy the company assets or the shares from the individual shareholders of that business As a buyer, youâ€™ll typically want to buy the assets so you can choose the ones you want, and leave the liabilities behind. These are be st templates available On the flipside, sellers generally prefer to sell their shares so they can get a clean break from the business (including most liabilities), subject to any issues that may arise The decision to buy assets or share is a huge one, and will depend on the type of business youâ€™re buying, the circumstances surrounding the deal, any unique contracts or licences or tax liabilities . Temlates to buy a business are a simple way to ensure you dont fall and lose your hat. But before we get into the details of the asset / share purchase agreement, there are a few preliminary docs that come into play: 2. Preliminary Documents Confidentiality Agreement Carl provides some great templates where its a letter of intent or offer templates to send out offers - because he has a set of acquisitions templates it makes life a whole bunch safer. Heads of Agreement The main terms of your deal are typically laid out in a framework document, called a Heads of Agreement (AKA Heads of Terms). Due Diligence Template Due diligence is the process of investigating the target business to make sure that the information the buyers gives you is accurate and there are no hidden issues. Itâ€™s especially important for share purchases because youâ€™ll be taking the company â€œwarts and allâ€ and there are many often. This is where guidance with a mentor namely the Carl Allen can help tremendously with the template strategy which he uses to buy companies no cash down - its a tried and test mechanism which works a treat. Again Carl provides this transaction templates for this strategy of business buying with no cash down. 3. Asset Purchase Agreement these fact are all covered where templates are provided for purchasing a business: There also a few other document templates you will need for busines purchasing: Disclosure Letter The end result will be a disclosure letter, Carl provides this letter in his set of templates in his program. Tax Indemnity Tax templates are covered in the BBA program, 6. Completion Documents Completion Agenda Spread sheet templates for purchasing a business are essntial again provded inside the program. Final word Templated doucments for busines urchases are an absolute must and provided inside carls proven business purchasing course. Theres a lot at stake and a lot to get through. But with the right thats why Carl provides business purchase documents that are in effect templates to help you avoid those surprises.
Views: 134 How to Buy a Business
BusinessPlanWorld.com - Tutorial Topics: Topic 1: Sample business plans include: Bed and Breakfast, Bookstore, Restaurant, Youth Centre, Rough Collie Kennel, Nightclub, Video Store and Confectionary. Topic 2: How to purchase a sample business plan BusinessPlanWorld.com - Tutorial Topics: Navigating the MS Excel Tabs About What will be covered in this tutorial: Navigating the MS Excel Tabs About the Start Up Costs Startup Costs and Balance Sheet Relationship Project Costs and Owners Investment About the Balance Sheet Disclose everything do not hide any debt About the cashflow About Financial Leading Indicators About Sales to Debt Ratio Where to find financial leading indicators How to edit the Cashflow How to use Paste Link in MS Excel The Cashflow and Income Statement relationship How to generate your income statement How to forecast income statement Y1 and Y2 Tips on changing the spreadsheets ------------------------- For more information visit: http://www.businessplanworld.com
Views: 9566 Kevin Brake
A purchase order is a contract between a business and a vendor, and it provides specific information about products, services and any terms and conditions, including the price that has been agreed upon. Learn about blanket purchase orders that cover multiple purchases with help from a certified empowerment and energy leadership coach in this free video on purchase orders. Expert: Monica Marie Kosiorek Contact: www.CoachWithMonica.com Bio: Monica Marie Kosiorek is a certified empowerment and energy leadership coach who has a 30-year track record of successful accomplishments in client relations and corporate leadership. Filmmaker: Christopher Rokosz
Views: 17169 eHow
In this tutorial i am going to teach you how to create purchase order in microsoft excel. Company send purchase order to the supplier / vendor for purchase items then supplier / vendor send items with invoice to the company. Excel Tips (How to Create PO / Purchase Order) Excel Topics: ---------------------- Excel Tips (Formula Auditing in Excel) Excel Tips (Remove Duplicates in Excel) Excel Tips (Subtotal Option in Excel) Excel Tips (Sumif Function in Excel) Excel Tips (Sort & Filter Options in Excel) Excel Tips (Alignment Techniques in Excel) Excel Tips (Countif Function in Excel) Excel Tips (Filter Option in Excel) Excel Tips (Conditional Formatting in Excel) Excel Tips (Freeze Panes in Excel) Excel Tips (Transpose Data Row to Column in Excel) Excel tips (Create a Hyperlink in Excel) Excel Tips (Create a chart in Excel) Excel Tips (Convert Text into Columns in Excel) Excel Tips (Quickly Insert Formula in Excel) Excel Tips (How to Calculate Running Total in Excel) Excel Tips (How to Create PO / Purchase Order in Excel) Excel Tips (Top 10 Excel Shortcuts (You Might Be Don't Know)) Excel Tips (How to Create Hyperlink in Excel) Excel Tips (How to Create Drop Down List and Dependent Drop Down List in Excel) Excel Tips (How to use PV (Present Value Function) in Excel) Excel Tips (How to use FV (Future Value Function Part2) in Excel) Excel Tips (How to use FV (Future Value Function Part1) in Excel) Excel Tips (How to Use PMT Function in Excel) Excel Tips (How to Create Drop Down List and Dependent Drop Down List in Excel) Excel Tips (How to Use Advanced Filter in Excel) Excel Tips (How to Create Pivot Chart in Excel) Excel Tips (How to create Pivot Table in Excel) Excel Tips (TOP 5 Quick Excel Tips and Tricks (You Might Be Don't Know)) Excel Tips (Top 10 Excel Tips and Tricks (You Might Be Don't Know)) Excel Tips (How to Create Check Register in Excel) Excel Tips (How to Create INVOICE in Excel) Excel Tips (VLOOKUP WITH MATCH in Microsoft Excel [Part 4]) Excel Tips (VLOOKUP WITH MATCH in Microsoft Excel [Part 3]) Excel Tips (VLOOKUP WITH COLUMNS in Microsoft Excel [Part 2]) Excel Tips (Simple VLOOKUP Function in Microsoft Excel [Part 1]) Excel Tips (How to use SUMIFS Function in Microsoft Excel) Excel Tips (How to use COUNTIFS Function in Microsoft Excel) Excel Tips (How to Use COUNT, COUNTA, COUNTBLANK in Microsoft Excel) Excel Tips (Create INVENTORY SYSTEM in Microsoft Excel (Using Vlookup and Sumif) in Excel) Excel Tips (Join Columns with & in Microsoft Excel) Excel Tips (How to Change Case of Text (Upper, Lower and Proper Case) in Microsoft Excel) Excel Tips (How to Create SPARKLINES in Microsoft Excel) Excel Tips (How to Create SO (Sales Order) in Microsoft Excel) Excel Tips (How to Create PO (Purchase Order) in Microsoft Excel) Excel Tips (How to Create Balance Sheet in Microsoft Excel) Excel Tips (How to Create Income Statement / Profit and Loss Account in Microsoft Excel) Excel Tips (Marksheet (Use of Sort and Filter) in Microsoft Excel) Excel Tips (How to Use Text To Columns in Microsoft Excel) Excel Tips (Attendance Sheet (Use of Countif Function in Microsoft #Excel)) Excel Tips (Attendance Sheet (Use of Conditional Formatting) in Microsoft #Excel)) Excel Tips (Attendance Sheet (Alignment Techniques in #Microsoft Excel)) Excel Tips (How to Use Freeze Panes in Microsoft #Excel) Excel Tips (How to Transpose Data From Rows to Columns in Microsoft #Excel) Excel Tips (How to Insert Quick Formula in Microsoft #Excel) Excel Tips (How to Create Payroll System / Salary Sheet in Microsoft Excel) Excel Tips (How to use SUMPRODUCT in Microsoft Excel) Excel Tips (How to Create Marksheet with Calculation in Microsoft Excel) Excel Tips (How to Create Pie Chart in Microsoft Excel) Excel Tips (How to Create Invoice in Microsoft Excel) Excel Tips (Difference Between COUNT & COUNTIF in Excel) Excel Tips (Difference Between SUM and SUMIF in MS Excel) Excel Tips (How to Make a Home Budget in Excel) Excel Tips (How to use Column Charts in Excel) Excel Tips (How to Use Line Charts in Excel) Excel Tips (How to use Built in Functions in Excel) Excel Tips (How to Calculate Running Total in Excel) Excel Tips (How to Use VLOOKUP Function in Excel) Excel Tips (How to Use Data Filter in Excel) Virtual Office Training Virtual Office Training provides basic and advanced level computer, internet, commerce, mobile technology related education for free. For More Interesting updates like Facebook Page And Subscribe My Channel on YouTube. Facebook Page : https://www.facebook.com/Virtual-Office-Training-267325770007332/ YouTube Channel : https://www.youtube.com/user/virtualofficetrain Don't Forget to Like, Comment, Share and Subscribe to My Channel
Views: 52500 virtualofficetrain
Retail Business Manager Excel Template allows on-demand generation and printing of invoices and purchase orders. We can also easily export them to PDFs using Excel's built-in features. In this video, we will demonstrate how to customize the invoice, print and export to PDF. This Excel template provides a simple and effective solution for managing retail and wholesale business for small business owners. The template includes order management, inventory management, finance management, invoice and purchase order generation, data management and extensive business performance reporting. Product Page: https://indzara.com/product/retail-bu... REQUIREMENTS Microsoft Excel 2010 or above for Windows; Microsoft Excel 2011 or above for Mac; FEATURES Order Management Inventory Management Finance Management Invoice / P.O. Data Management Reporting Simple and Effective Excel Templates: http://indzara.com/ Free Excel Templates: http://indzara.com/free-excel-templates/ Premium Excel Templates: http://indzara.com/shop/ Project Management Templates: http://indzara.com/project-management-excel-templates/ Inventory Management Templates: http://indzara.com/inventory-management-excel-templates/ Free Excel Course: http://indzara.com/useful-excel-for-beginners/ Social: Subscribe to YouTube: http://www.youtube.com/user/theindzara?sub_confirmation=1 Facebook: https://www.facebook.com/theindzara YouTube: https://www.youtube.com/user/theindzara LinkedIn: https://www.linkedin.com/company/indzara Twitter: https://www.youtube.com/user/theindzara -~-~~-~~~-~~-~- Please watch my latest video: "Highlight events, weekends and holidays on calendar in Excel" https://www.youtube.com/watch?v=b0lWFlhAj3k -~-~~-~~~-~~-~-
Views: 1654 Indzara
Learn how to buy a business: http://www.BusinessBuyerAdvantage.com Learn how to sell your business: http://www.HowToSellMyOwnBusiness.com Related Article: Hi there, Hey everyone! Natalie and I just got back from an amazing trip to Croatia and Montenegro. While there, one of my Balkan viewers, Tomo, submitted a question: What serves as the collateral on a seller-financing note when buying a business? Great question Tomo! It’s exactly the same situation as when we buy a house or car. It’s the thing we get that serves as collateral; The business. So, why exactly, do so many sellers try to get buyers to pledge something else to be the collateral? Watch and learn: https://youtu.be/CzbU6DCLsVo Learn how to sell your own business and not pay a broker’s commission. Enroll here: www.HowToSellMyOwnBusiness.com Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com ---Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb
Views: 536 David Barnett
Net Identifiable Assets (NIA) consists of the assets acquired from a company whose value can be measured at a given point of time and its future benefit to the company is recognizable. NIA is used for Purchase Price Allocation (PPA) and the calculation of Goodwill in Mergers and Acquisitions (M&A). Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/valuation/net-identifiable-assets/
Views: 3883 Corporate Finance Institute
Importers and exporters use IncoDocs to create Purchase Orders and Proforma Invoices: https://incodocs.com/blog/create-purchase-order-for-import-export-shipments/ Watch how you can create a Purchase Order document for your import export business for global trade and logistics. The buyer will create the Purchase Order document that states the buyer and seller information, product details, values, currency, port of loading, port of discharge, shipment type, lead time, signature, IncoTerms and payment details. Importers and Exporters use IncoDocs to streamline global trade documentation https://incodocs.com/
Views: 847 Inco Docs
Subscribe for more great videos, or check out: www.SRPL.net ========================== My poor dad always told me to me go to school and get a high-paying job. That’s not creating wealth. That's a job. My rich dad on the other hand always says work for assets. There are basically 4 asset classes that makes a person rich. Number 1 is Business. The richest young guys today start companies. Some great examples of this are Facebook, Google, Apple, etc. Number 2 is real estate. What my rich dad taught me is the combination of being an entrepreneur in business and an entrepreneur in real estate. Now due to this combination, I pay no tax and I make a lot more money. The 3rd asset is Paper. Savings in gold, papers like stocks bonds mutual funds are liquid. You make a mistake, you can get in and out real quick. The last asset is Commodities and this is why I own oil because in the U.S. if you deal in oil, you get tax breaks. So oil is very profitable. ========================== Subscribe for more great videos, or check out: www.SRPL.net
Views: 2414137 Success Resources
The Business Purchase Offer & Contracts http://www.ifthebanksaysno.com Subscribe to Beyond Breakeven ======================================================== In this video Ed Keels talks about the importance of having a clear understanding of what you are signing when it comes to business deals. There are many types of documents you need to be familiar with such a non-disclosure agreement (NDA), letter of intent (LOI), personal financial statement (PFS), offer form, purchase agreement, loan application, lender’s letter of interest, lender’s proposal letter, lender’s commitment letter, loan closing documents, bulk sales affidavit, bill of sale, etc. It's also imperative to know who's on your side in the deal. You must be your own best advocate. Unlike a real estate broker, a business broker is not necessarily the buyer's representative and in many cases is the direct opposite. To learn more click on the link above. ======================================================== Here’s the recap: 00:01 when it comes to business purchase offers and contracts you must have a clear understanding of what you’re signing 0:09 here are the types of documents you need to be familiar with when looking at buying a business: non-disclosure agreement (NDA), letter of intent (LOI), personal financial statement (PFS), offer form, purchase agreement, loan application, lender’s letter of interest, lender’s proposal letter, lender’s commitment letter, loan closing documents, bulk sales affidavit, bill of sale 0:20 the completion of a personal financial statement (PFS) has to be done only on a rare occasion 0:38 a business broker is not necessarily the buyer’s representative and in many cases is the direct opposite so why would you use their form? 1:10 as a buyer, you are responsible for the structure of the deal and understand the elements of the deal are for you! ======================================================== To see the rest of this video and 10 other related videos, go to www.ifthebanksaysno.com and click the "get funded now" button ____________________________________________________________________ ***Click below to SUBSCRIBE for More Videos: https://www.youtube.com/user/BeyondBreakeven ____________________________________________________________________ Ed Keels The Deal Maker Beyond Breakeven Inc. www.ifthebanksaysno.com http://www.Facebook.com/beyondbreakeven Linked In:http://LinkedIn.com/edkeels
Views: 297 BeyondBreakeven
Step by step instructions on how to write a purchase order for screen printing, embroidery, dye sublimation, or any other decorating method or wholesale promotional product. In the wholesale printing industry purchase orders are a required part of doing business. With the economy on the upswing we see many new distributors and wholesale buyers that have just entered the industry. These new buyers often aren't familiar with how to write a purchase order. I hope to take some of the mystery out of how to write a purchase order with this video.
Views: 16329 headfirstprinting
You can download a demo or purchase a copy of this Microsoft Access Code Example at: https://www.microsoftaccessexpert.com/Microsoft-Access-Basic-Business-Purchase-Order-AP-Database.aspx WINNING SOLUTIONS, INC. 103 E. 6th St., Suite 101 Ames, Iowa 50010 (515) 239-9900 http://www.microsoftaccessexpert.com http://www.winningsolutionsinc.com http://www.microsoftsqlexpert.com/ SOCIAL MEDIA http://www.facebook.com/AmesWSI http://www.twitter.com/WSITech http://www.youtube.com/DirtyDojo https://www.linkedin.com/company/winning-solutions-inc-?trk=biz-brand-tree-co-name https://plus.google.com/u/0/b/100927304512028291075/100927304512028291075/posts/p/pub If you have ideas for other videos leave a comment with your suggestions. If you found this video useful and would like to see more free Microsoft Access Tutorial videos click the like button and don't forget to subscribe.
Views: 2171 Microsoft Access Expert
What is PURCHASE PRICE ALLOCATION? What does PURCHASE PRICE ALLOCATION mean? PURCHASE PRICE ALLOCATION definition - PURCHASE PRICE ALLOCATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Purchase price allocation (PPA) is an application of goodwill accounting whereby one company (the acquirer), when purchasing a second company (the target), allocates the purchase price into various assets and liabilities acquired from the transaction. In the United States, the process of conducting a PPA is typically conducted in accordance with the Financial Accounting Standards Board's ("FASB") Statement of Financial Accounting Standards No. 141 (revised 2007) “Business Combinations” (“SFAS 141r”) and SFAS 142 “Goodwill and Other Intangible Assets” (“SFAS 142”). Effective for financial statements issued for interim and annual periods ending after September 15, 2009, the FASB "Accounting Standards Codification" ("ASC") reorganizes the FASB statements and represents a single authoritative source of U.S. accounting and reporting standards for nongovernmental entities. The set of guidelines prescribed by SFAS 141r are generally found in ASC Topic 805. Outside the United States, the International Accounting Standards Board governs the process through the issuance of IFRS 3. Purchase price allocations are performed in conformity with the purchase method of merger and acquisition accounting. In the United States, a second method (known as the pooling or pooling-of-interests method) was discontinued after the issuance of the Statement of Financial Accounting Standards No. 141 “Business Combinations” (“SFAS 141”) and SFAS 142. Example: A company wishes to acquire a particular target company for a variety of reasons. After much negotiation, a purchase price of $30B is agreed upon by both sides. As of the acquisition date, the target company reported net identifiable assets of $8B on its own balance sheet. Before the target company can complete the acquisition, the target must appraise the assets and liabilities being acquired to determine their Fair Value ("FV") -- the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The acquirer hires an appraisal firm (typically an external accounting firm or a valuation advisor) who reports that the FV of the net assets is $24B. The difference between the $8 and $24 is $16B in write-up -- the values of the net identifiable assets are in effect increased to 3 times the value reported on the original balance sheet. The difference between the $24B and $30B is $6B in goodwill acquired through the transaction—the excess of the purchase price paid over the FV of the net identifiable assets acquired. Finally, the acquirer adds both the value of the written-up assets ($24B) as well as the goodwill ($6B) onto the balance sheet, for a total of $30B in new net assets on the acquirer's balance sheet. Collectively, the process of conducting the appraisal, reporting the FV of the assets and liabilities, the allocation of the net identifiable assets from the old balance sheet price to the FV, and the determination of the goodwill in the transaction, is referred to as the PPA process. Note that a purchase price may be less than the target's balance sheet value for a variety of reasons, which can lend itself to a write-down of net assets. The process of valuing goodwill, while a component of the PPA process, is governed through goodwill accounting.
Views: 2322 The Audiopedia
Join us for an in-depth discussion about the intricacies of negotiating reps and warranties in connection with the purchase and sale of a privately-held company. By reviewing sample pro-buyer and pro-seller reps and warranties, we will discuss the definition and purpose of reps and warranties, their relationship to due diligence, scope and timing issues, typical qualifications and limitations on recovery for breach.
Views: 2787 BakerDonelsonOnline
11i E-Business Purchasing Management Creating Requisition from Template
Views: 2 OraPedia
You can download a demo or purchase a copy of this Microsoft Access Code Example at: https://www.microsoftaccessexpert.com/Microsoft-Access-Basic-Business-Purchase-Order-Database.aspx WINNING SOLUTIONS, INC. 103 E. 6th St., Suite 101 Ames, Iowa 50010 (515) 239-9900 http://www.microsoftaccessexpert.com http://www.winningsolutionsinc.com http://www.microsoftsqlexpert.com/ SOCIAL MEDIA http://www.facebook.com/AmesWSI http://www.twitter.com/WSITech http://www.youtube.com/DirtyDojo https://www.linkedin.com/company/winning-solutions-inc-?trk=biz-brand-tree-co-name https://plus.google.com/u/0/b/100927304512028291075/100927304512028291075/posts/p/pub If you have ideas for other videos leave a comment with your suggestions. If you found this video useful and would like to see more free Microsoft Access Tutorial videos click the like button and don't forget to subscribe.
Views: 7909 Microsoft Access Expert
In this demonstration, I will take you throught the purchasing process in SAP Business One Version 8.8 and the SAP Business One starter package. To learn more about SAP Business One please visit http//www.richardduffy.com
Views: 36017 Richard Duffy Cloud ERP Evangelist
Version 9.0 is the newest release in the SAP Business One product line. Design specifically for small and midsize enterprises, SAP Business One delivers the core functionality that a business needs to run better...and even more. This video will show you an example of one of the new features in SAP Business One Version 9.0
Views: 7308 Richard Duffy Cloud ERP Evangelist
This is a video of a business English conversation. It's a sales meeting between 2 native English speakers, Mr Lewis who is British and Mrs Jones, who is American. The meeting is in New York. Mr Lewis has a business proposal for Venus Systems. This exercise is good practice for esl students wanting to learn and improve their English speaking skills. The video will also be useful to English teachers wanting to show their students real-life business situations in English. At the end of the meeting, I explain some important English vocabulary. Other videos: Business English expressions: http://youtu.be/5cQv8pWsnEE Hotel booking: https://www.youtube.com/watch?v=KY0K5f06adg How to improve your English speaking: https://www.youtube.com/watch?v=Sc4gh5gP1AE&index=1&list=PL6BDo90oiwpQiPot5bKFKZ2wQAk_ESR6_ Andrew, Crown Academy of English http://www.crownacademyenglish.com https://twitter.com/Crown_English http://www.youtube.com/user/CrownAcademyEnglish Voice credits: The American female voice-over was done by Katy Adelson, a very talented musician who has a YouTube channel at https://www.youtube.com/katyadelson (Traditional Fiddle Music and Tutorials) Photo credits by FreeDigitalPhotos.net: “Job Interview” by franky242 “Happy Professional Indicating Up” by imagerymajestic “Young Businesswoman” by marcolm “Young Smiling Professional” by imagerymajestic “Busy Woman Seriously Hearing The Customer Talk In Headset” by photostock
Views: 530425 Crown Academy of English
The following video outlines five purchasing and procurement strategies all geared towards lowering vendor prices and or reducing supply chain and inventory management costs. These strategies are put forth from someone who has worked in sales and marketing for 20 years and wanted to combine the best strategies employed by the best purchasing negotiation teams. In essence, these strategies come from those purchasing and procurement agents I have negotiated with. They include the most successful strategies employed against me. The first includes not tipping your hand and or broadcasting your needs too soon in the negotiation process with a salesperson. Instead, nail down your price and then use your requests, needs and or concession to reduce pricing. For instance, agree upon a final price and then ask for a discount or reduced price for 1) prepaying total or a portion of your purchase, 2) prompt payment incentives like net-10 day terms 1 to 2 percent discount or 3) increasing volumes or committing to long-term supply contracts or orders. The second tip includes avoiding using veiled threats - which are simply threats you have no intention of following through on. When you threaten vendors too much without ever following through on a threat, then you are simply training them not to take your threats seriously. Third, match a high-value concession for a high-value concession. In this case, come up with a list of requests and or "must-haves" as outcomes from the price negotiation. When the salesperson makes a request, make sure you counter with one of your own of equal value. Fourth, when it comes to getting price reductions from a salesperson, you have to sometimes appeal to their better nature. In this case, add a little personal touch to your negotiations. Ask for a price reduction by outlining the pressures and demands that are placed upon you as a purchasing agent. In this case, you have to attain a certain inventory cost structure so ask your salesperson to help you attain that. Finally, keep your vendor honest by constantly going out for competitive bids. Even the best of vendors can become complacent. However, if they know you know as much about pricing in the market as they do, then those vendors will be less likely to take advantage of you.
Views: 109572 Ian Johnson
Please Like, Subscribe, Comment and Share with your friends !!!! In this tutorial , We will learn about Sample No. 01 of Order letter / Purchase Order or PO. Definition of Order letter / Purchase order or PO: A letter which is written from buyer for requesting to supplier to deliver goods is called Order letter / Purchase Order or PO. Writing Plan for Order Letter / Purchase Order / PO: a. Information about the items being ordered: An order letter must contain full particulars of goods ordered. Such information include the followings: Product name Brand name Quantity Catalog number Model number Color Size Weight Unit price b. Information relating to shipping: Shipping information is very important. In absence of shipping information, there can arise misunderstanding between buyer and seller. Shipping information may include the followings: Desired receipt date; Desired shipping location; and Mode of shipping (rail, road, or waterways). c. Information relating to payment: Mode of payment of prices for the ordered items must be clearly indicated. The seller will accept the order letter only when both of them come to a common ground relation to payment of price. Payment information include the following: Mode of payment (cash, cheque, draft) Payment data The above stated factors are usually included in order letter. However, the buyer can include any other instruction or element if he thinks necessary. Contents of this video: what is Order letter? what is Purchase Order ? definition of Order letter definition of Purchase Order how to define Order letter? how to define Purchase Order? qualities of good Order letter qualities of good Purchase Order what is Order letter in urdu? what is Purchase Order in urdu? definition of Order letter in urdu definition of Purchase Order in urdu how to define Order letter in urdu? how to define Purchase Order in urdu? qualities of good Order letter in urdu qualities of good Purchase Order in urdu what is Order letter in hindi? what is Purchase Order in hindi? definition of Order letter in hindi definition of Purchase Order in hindi how to define Order letter in hindi? how to define Purchase Order in hindi? qualities of good Order letter in hindi qualities of good Purchase Order in hindi Qualities of a good Order letter / Purchase Order or PO: The following are the qualities of a good Order letter. 1) Briefness 2) Completeness 3) Correctness 4) Clear 5) Courtesy and Polite #theeducationforum Please visit my Facebook ID: https://www.facebook.com/EducationFor... Instagram: https://www.instagram.com/the_educati... Youtube : https://www.youtube.com/watch?v=RkQC65SJpPQ&t=127s https://www.youtube.com/watch?v=Gsprp47f3WU&t=52s https://www.youtube.com/watch?v=f0F8tAvIZsQ&t=8s https://www.youtube.com/watch?v=2YKKyGEG2Zk&t=62s
Views: 869 The Education Forum
The Kentico CMS E-Commerce Module provides web sites with an out of the box e-business solution. For customers the built in e-ecommerce module enables online purchases with an integrated shopping cart, order status, newsletter subscriptions and many more features. For Web developers the Kentico e-commerce solution provides an extensible e-commerce platform. In this video we will look at the Kentico CMS e-commerce shopping cart and purchase process using the sample e-commerce Web site.
Views: 124 Kentico
75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP So we've talked about the perpetual inventory for some time now. Well, now its time to learn how to journalize certain transactions in this system like purchases, returns, discounts along with shipping costs (Looking at FOB destination and FOB shipping). Merchandise inventory will be used in this inventory system and will include constant cost of goods sold changes as inventory is sold and returned. Watch the entire tutorial and understand this concept to our inventory chapter! ** Notepirate is privately owned and exclusive to Notepirate.com.** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
Views: 49289 Notepirate
▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Subsidiary Book , and in this video we discussed Bills receivable, Bills payable and Journal Proper with solved problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 166124 Kauser Wise
A paper-based requisition process can easily turn any corporate cost into a nightmare! Why getting stuck in untimely processes? For budget holders and finance professionals there is a way out. Making the business case for purchase order automation is a no-brainer with CompleatOrder. CONTROL SPEND AS IT HAPPENS: CompleatOrder delivers total real-time oversight of every planned and committed purchase in play to everyone that needs to know. SIMPLIFY PURCHASE ORDER CREATION AND APPROVALS Simple and fast requisition creation ensures user adoption, providing finance, procurement and budget holders with a real-time view of the approval status Purchase order management automation software: https://www.compleatsoftware.com/business-solutions/modules/purchase-order-automation-compleatorder/ Compleat. Smart spend software. https://www.compleatsoftware.com/ The Builder Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ The Show Must Be Go Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 17584 Compleat Software
Free Download: https://www.incomedigs.com/qbosetupguide Visit our Official Website: http://www.incomedigs.com Visit our Official Facebook Page: https://www.facebook.com/IncomeDigs/ Learn how to record a journal entry for the purchase of property! This simple video demonstrates how to translate data from your closing statement to your accounting books.
Views: 39034 Income Digs
Accounting for a bargain purchase of a business where one company acquires another company (example would be forced liquidation or distressed sale of a business), Bargain Purchase: 1-Purchaser in business combination pays less than the fair value of identifiable net assets, 2-Purchase price less than value of net identifiable net assets, this excess amount is recorded as a gain by the purchaser, if the price paid is less than the fair value of net assets received (assets - liabilities) then a gain is recognized, detailed example by Allen Mursau
Views: 4683 Allen Mursau
Jagrat Creation Presents This Video lecture on Financial Accounting,Conversion or sale of firm to company wherein journal entries in the books of the company are explained for purchase of business and by preparing working notes to find purchase price and goodwill payable to vendor.Over and above balance sheet of the company as per Sch.III is prepared after taking over the business. This video is useful for students reading in the books of company Conversion or sale of firm to company in CA-IPCC,ICWAI Intermediate,CA-Intermediate level, FYBCom, Financial Accounting. Keep in touch For Next Accountancy Videos at Jagrat Creation for Conversion or sale of firm to company.
Views: 577 Jagrat Creation
Video on how to create a simple Purchase Order template using Excel - (check out the sister article at http://supplychain-mechanic.com/?p=215 for more info) don't forget to check out our website at http://www.supplychain-mechanic.com or follow us on Twitter at http://www.twitter.com/supplychainmech
Views: 165170 supplychainmechanic
Get Your Xero 30 Day Free Trial: http://fitsmallbusiness.com/goto/xero-course-youtube/ In this lesson, we’re going to cover how to customize invoices, quotes, purchase orders and receipts in Xero. Access this Lesson here: http://fitsmallbusiness.com/customize-invoices-quotes-xero-course/ ====================================================== Access Our Course On How to Set up Customers in Xero: http://fitsmallbusiness.com/set-up-customers-xero-course/ ====================================================== Access Our Course On How to Set up Suppliers in Xero: http://fitsmallbusiness.com/set-up-suppliers-xero-course/ ====================================================== Access Our Course On How to Invoice a Customer in Xero: Coming Soon! ====================================================== Access Our Course On How to Create a Bill in Xero: Coming Soon! ======================================================
Views: 10026 FitSmallBusiness
PURCHASE OF SHARES v PURCHASE OF ASSETS One of the early decisions in the sale or acquisition of a business is whether the transactions should proceed by way of purchase of shares or purchase of assets. Generally speaking the Purchaser of a business will favour buying the assets of the business. Using this method the Purchaser can avoid acquiring any liabilities associated with those assets. The Purchaser also enjoys the ability to “cherry pick” those assets of the business the Purchaser wishes to acquire. There are some disadvantages associated with buying assets. Depending upon the jurisdiction there may be a liability for transfer duty. The transfer of the assets may require the separate consents of third parties, including the removal of registrations under the Personal Property Securities Act. Collection of debtors by the Vendor may present difficulties once the sale is completed. From the Vendor's point of view the sale of the business by way of shares presents a simpler and cleaner exit. There is no need to transfer employee or customer agreements. Those agreements remain with the entity whilst the underlying transfer of shares takes place. Depending upon the taxation position of the Vendor and the size of the transaction, capital gains taxation “discount” may be available. If the transaction is to proceed by way of share sale, then the Purchaser will need to give consideration to a “due diligence” procedure and obtaining appropriate warranties from the Vendor. Depending upon the size of the transaction warranty insurance may be a consideration. The Purchaser may also require the Vendor to ensure all assets are consolidated into a “clean” structure prior to purchase of the shares from that new structure. For further information on this topic telephone Mark Leaker or Katrina Palmer of Leaker Partners. Details can be found on our website at www.leakerpartners.com.au.
Views: 744 Leaker Partners
Introduction to Hire Purchase System with format | Financial Accounting | Mathur Sir Classes #MathurSirClasses #StudyMaterial If you like this video and wish to support this EDUCATION channel, please contribute via, * Paytm a/c : 9830489610 * Paypal a/c : www.paypal.me/mathursirclasses [Every contribution is helpful] Thanks & All the Best WE NEED YOUR SUPPORT TO GROW UP..SO HELP US!! Hope you guys like this one. If you do, please hit Like!!! Please Share it with your friends! Thank You! Please SUBSCRIBE for more videos. Music - www.bensound.com Video Recording and Editing by - Gyankaksh Educational Institute (9051378712) https://www.youtube.com/channel/UCFzUEzxnRDsbWIA5rnappwQ
Views: 21087 Mathur Sir Classes
I created this video with the YouTube Video Editor (http://www.youtube.com/editor) https://www.facebook.com/msdivatrucker?fref=ts
Views: 139442 Ms DivaTrucker Driver Trainer CDL Recruiter
http://www.driveyoursuccess.com This video explains how to calculate economic order quantity using the time-tested Wilson EOQ formula. The video provides a step-by-step process to defining the economic order quantity for any company. It takes into consideration the company's annual or yearly consumption, the price it pays for each unit it purchases for its inventory, the cost to make that purchase and finally, the company's costs to hold inventory on a monthly basis. Determining the annual or yearly consumption is fairly straightforward. Simply take a total of all the inventory of a given part used in a year. Next, take the amount your company pays for that part or raw material. Determining your company's costs to purchase doesn't merely involve totaling your total volume multiplied by price. Instead, it's more about defining what it costs your company to make a purchase. How much does it cost your company to purchase from a vendor? Your costs to purchase include time spent to approve and sign purchase requisitions. It also includes the time spent placing that order and sending it to your vendor. Next, the costs of inspecting the order are accounted for and finally, the costs of paying your vendor. The Wilson EOQ formula involves doubling your yearly consumption total and multiplying it by your company's cost to purchase. This amount is then divided by the sum of the raw material or part's price multiplied by its inventory holding costs. The Wilson EOQ formula is an excellent tool for making sure your company doesn't buy too much or too little.
Views: 140400 Ian Johnson
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Views: 1447 shuhreenuhlacedwigs
what is a hire purchase agreement in Keke Napep (Tricycle Business)? This is an agreement written and signed by the owner of a Keke Napep (Tricycle) and the Driver. This Document is used to write down the legal rules of the contract that you are about to start with the person that will ride the Tricycle for you. Here is an Example of how to Draft a Hire Purchase Agreement for your Business. This must not be for Tricycle alone, it is also applicable to Car, Motorcycle or any Vehicle. I have made a Template or Sample for you and you can fill in the required spaces in the form: HIRE PURCHASE AGREEMENT HIRE PURCHASE AGREEMENT made this …………………………. day of …………………2017 BETWEEN Mr. Bongdap Nansel Nanzip of Lamingo, Jos North LGA, Plateau State, Nigeria (herein referred to as the “OWNER”) of the one part. AND Iliya of Gwafan, Jos North L. G. A, Plateau State, Nigeria (Herein referred to as the “HIRER”) of the other part. WHEREAS: 1. The subject matter of this Hire purchase agreement is TRICYCLE with Registration No. Plateat WAS 336 QD valued at 500,000.00 ( Five hundred thousand naira). 2. The OWNER is in true and lawful possession of the said TRICYCLE with Registration No. Plateau WAS 336 QD free from any and or all encumbrance or adverse claim from a third party. 3. The vehicle hereinafter called the PROPERTY being the property of the OWNER has the following particulars: (i) Registration No: (ii) Engine No: (iii) Chassis No: (iv) Vehicle make: (v) Vehicle model/colour: 4. The HIRER has approached the OWNER for the purpose of purchase of the above named TRICYCLE under Hire purchase agreement. 5. The OWNER has consented to so sale under the terms and conditions contained herein under. NOW THIS AGREEMENT WITNESS AS FOLLOWS: 1. That the hire purchase sum for the aforesaid tricycle is N500, 000 naira only (Five Hundred thousand Naira) 2. That the installment payment is weekly and at the rate of N15, 000 (Fifteen thousand Naira) every Sunday. 3. That ownership in the Tricycle shall remain with the Owner and can only be transferred to the Hirer on discharge of the hire purchase sum. 4. That the Owner shall recover the said tricycle from the Hirer in default of non payment for a particular week except on grounds of repair by the Hirer. 5. That Owner must be informed within a reasonable time of such repair and site of repair. 6. That where the Owner recovers as in paragraph four above, the hirer forfeits all he has paid prior to the recovery. 7. That where the Hirer sales, cause to be sold and or through negligent act cause the Owner to loose his ownership of the tricycle, he or his surety shall be held liable for payment 8. That all the clauses contained in this agreement shall be binding on the parties and represents the true intent of the parties. IN WITNESS WHEREOF, the parties have set their hands and sign the day and year first above written. SIGNED, SEALED AND DELIVERED BY THE WITHIN NAMED OWNER ……………………………… Bongdap Nansel Nanzip In the Presence of: 1. Name:……………………………………….. Address:…………………………………….. Occupation:………………………………… Signature:……………………………………. SIGNED, SEALED AND DELIVERED BY THE WITHIN NAMED HIRER ……………………………… Iliya In the Presence of: 1. Name:……………………………………….. Address:…………………………………….. Occupation:………………………………… Signature:……………………………………. The above is the sample of how to draft a Hire purchase agreement. This is subject to Change and should not be used without your Lawyer.
Views: 2018 Bongdap Nansel Nanzip
http://www.CenterForPSCMExcellence.org - You will get FREE world-class procurement training, purchasing training and supply chain management training in this video. Omid has 18 years experience with Intel Corp, where he rose to the position of leading their entire global corporate purchasing operations organization. His experience and strength in negotiations earned him the corporate designation of "Godfather of Negotiation Planning" for the entire $2.2B global purchasing organization, thus also nicknamed, The 2 Billion Dollar Man. He has broad and rich experience in complex, high dollar value, and high stakes negotiations, total cost analysis, supply chain management, purchasing contract law, purchasing operations, purchasing policies and procedures, complex sourcing strategies, controls and risk management, selection and deployment of purchasing systems/tools, purchasing integration of mergers and acquisitions, international purchasing strategies, negotiating with different cultures, supplier performance management, procurement training, and purchasing strategy mapping and execution. YOU WILL LEARN: 1. Taking costs out of supply chain Why asking suppliers to reduce price is an antiquated strategy Why focusing on supplier profit reduction only attacks a very small part of TCO How to make your suppliers excited about reducing TCO instead fighting against you How to change your RFX (RFP, RFQ) strategy and approach forever to get far more innovative and deep cost savings responses from suppliers 2. Writing contracts to prevent & remedy TCO excursions Why relying on the legal department to "own" the contract terms is the biggest disservice to your results and to your career How empowering yourself with contract knowledge can liberate you from being dependent on the legal department Why relying on the standard contract template terms can get you in lots of hot water and how to stay out of it How to shift the focus from the contract being a safety net for when things go wrong to having it be a strategic tool to make sure things go right 3. Cost Modeling & Benchmarking for success What the different sorts of cost models are (Should Cost, Must Cost, Total Cost) When to use each type of cost model and when to use benchmarking Why using the wrong type of tool will get you poor results and result in lots of wasted time 4. Using concessions to achieve Win-Win Why the traditional notion of Win-Win is completely wrong and needs to be thrown out the window What the Art and Science of negotiations really is: Meeting ALL of your high value/high TCO objectives while knowing how to make the supplier feel good about the deal Why listening is the most important negotiation skill and how to use it to achieve Win-Win How to use a concessions worksheet model to ensure that you know exactly what the supplier wants, and how to deliver them some "wins" that are high value but have minimal impact to your TCO Omid goes even deeper into each of these topics in training through his website, seminars, webinars and courses. We invite you to join our community and experience a paradigm shift in purchasing that will make your career and life much less stressful and much more enjoyable. Work with Omid to rearchitect how you do procurement to CATAPULT your purchasing results, career and income potential, GUARANTEED! World class procurement training and supply chain management training can be found at: http://www.CenterForPSCMExcellence.org
Views: 435310 PurchasingAdvantage
Business Purchase Agreements are the foundation for a successful business closing. In this interesting and informative video, Fredrick P. Niemann, Esq., a New Jersey Business Law Attorney, provides a contract checklist for buyers to consider before making an offer to purchase a business. Knowing and understanding the critical factors that go into a well written and enforceable contract is essential to ensure that there are no difficulties leading up to closing. This is a must watch video for anyone looking to buy a business who wants to know the important details that considerations that go into making an offer that not only will be accepted by the seller but will lead to a successful closing. https://www.buyingabusinessinnjlawyer.com/the-purchase-contract/
Views: 14 NJBusinessLaw
Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 13512185 LastWeekTonight
CAIE A2 Level (9706) Accounting Video Lectures in URDU by Sir Ahmed Raza Dharolia! Subscribe the Channel and press the bell icon to never miss a lecture from Sir ARD. First Print Questions from here: https://drive.google.com/file/d/1yQs1pKSz0K4SAt8ym01ADI4j4LRb7owa/view?usp=sharing SHARE if you find it helpful.
Views: 700 Ahmed Raza Dharolia
Create purchase orders in Dynamics 365 Business Central with SmartConnect's data entry Excel templates. To learn more, visit: https://www.eonesolutions.com/connector/dynamics365-business-central-excel-template-purchase-order/
Views: 87 eOneSolutions
Request for Proposal (RFP), Request for quotation (RFQ), Request for Information (RFI) are key documents in the purchasing process. In this lesson, we cover 3 main points about what is called RFx. 1 – we define RFI, RFP and RFQ 2 – we will be learning when to apply them 3 - we will see a basic work flow for each of them This is a strange story but may help the learning. Our friend here is a manager in a sunny and hot day. He wants to buy something to give to his team but has no idea how to solve the problem. He prepared a Request for Information and sent out to suppliers. The supplier replied with some alternatives, water balloons can help with heat, also Ice creams, or why not some drinks! The manager, thought, thought, and then decided for ice creams, the other solution does not seem to be appropriate for the workplace. Once, he has an idea about the product, he issued and sent a Request for Proposal because he was open for different product features. If he knew all details beforehand, he could have sent out a Request for Quotation, and just ask for the product cost. The buyer knowledge about the product indicates which document is more suitable. This story, give us an idea about RFI, RFP, and RFQ. You can send your questions in the comment area, I will be pleased to answer them. Thanks for watching, don’t forget to subscribe Americo e-Learning Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications. MY SOCIAL MEDIA AND CONTACT MEDIA E-MAIL: americo[email protected] WEBSITE: www.americoelearning.com TWITTER WEBSITE: https://twitter.com/AmericoBC LINKEDIN: https://ca.linkedin.com/in/americobc Topics covered in this video: rfp basics, request for proposal 101, request for quotation 101, request for proposal training, rfx 101, request for information 101, rfp for beginners, rfq for beginners, rfi for beginners, rfp purchasing management, rfp procurement management, purchasing process rfx, rfx basics MISSION STATEMENT My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure. We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation. My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago. -~-~~-~~~-~~-~- Please watch: "RFP 101 - Request for proposal in Purchasing Management" https://www.youtube.com/watch?v=QIOR7Dnm0Uk -~-~~-~~~-~~-~-
Views: 25367 Americo e-Learning