Changes

Finance

1,436 bytes removed, 02:43, 18 July 2017
moved pricing
'''Reporting''' consists of monthly statements of income and expenses against the General Fund submitted to the Board, plus the balances of a few special funds, including the Investment Fund. At present, no balance sheets are offered at any frequency. There are at present no reports of cash flow nor performance compared to the budget.
'''[[Pricing]]''' is a non-trivial task, especially considering but is based primarily on the huge number of items on offer. There are a few guidelines: <ul><li>The raw cost of any item, plus the price of a second ounce of postage times the number of ounces or fractions thereofincremental costs, should then doubled and rounded up to equal the member members' discounte price, with non-member prices set by applying member discounts in reverse.</li> <li>Prices are generally rounded up to the nearest dollar, save that only two-digit values will be used. This last means that after $99 and $100, the next prices should be $110, $120, $130, $140, etc.</li> <li>An alternate proposal still under consideration is to use the 5% preferred value system. After prices of $1 through $9 dollars, all others are taken from the following list, with as many multiples of ten as needed: 10, 11, 12, 13, 15, 16, 18, 20, 22, 24, 27, 30, 33, 36, 39, 43, 47, 51, 56, 62, 68, 75, 82, and 91. In this system, prices after $100 would be $110, $120, $130, $150, etc. At present, this is only being used to price used books, but it may spread.</li> <li>Used books will use the above procedure (twice the incremental first-class postage) to set the minimum price at which they will be sold, but initial pricing should be informed by market value.</li> <li>One special package, the ''[http://store.augustansociety.org/product/1037 Heraldry Art Pack]'', has been created and priced below the above costs as a promotional project. Profit depends on shipping it via Media Rate mail, despite the policy of shipping First Class to members. This experiment bears watching.</li></ul>
The rest of this section is left for development by the officers listed above.
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