Accounts Update

[Amit Singh]

Hi Para,

Please send me the details of the healing fee received and paid to the healers till date. (PFA the updated finance report) how much received with exchange rates & how much paid to the healer. I need to update the accounting sheet.

1) Please mentioned on what basis (exchange rate) we have paid to the
              healers.

N.B. - Please do not compare/confuse the attached financial report/data with the technical accounting format. This is only to keep a track of incoming and out going of cash transactions.

         

Please do revert for clarifications if any.

Regards,
Amit

[Paraluman Datta]

ok

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Blessings of love & light,


Paraluman Datta
Pranic Healer
GMCKS Pranic Healing & Arhatic Yoga Center

[Paraluman Datta]

ok. will update

On Tue, Aug 20, 2013 at 10:04 PM, Amit Singh <ansi...@gmail.com> wrote:

[Paraluman Datta]

Dear all,

I have this suggestion. Kindly see if we can go ahead with this so we can see how much healing life now has earned and we can do the necessary tithing which is not yet done.

We dont have to monitor the exchange rate as it is fluctuating so much. We can calculate from the money in rupees that we received in the bank after deduction of transaction fee and conversion to indian rupees.

I coudnt find the email that Due sent regarding the cash flow, so coudnt remember her suggestion for the % break up. Suppose we calculate 80% for healer 20% for healing life now. 

ex.

Mary Reinoehl

$100

-4.2 - paypal deduction

$ 95.8

Rs 5,613.64 - after conversion

x .80 for healer - Rs 4,490.9 - to be paid to healer

x .20 for HLN - Rs 1,122.7 - our profit

Let me know if we can go ahead so i can do the tithing.

thanks

[Due Quach]

HI Para,

It was 75% healer and 25% (minimum) to healing life now. 

Remember we need to ensure the viability of Healing Life Now. In the future, imagine that the team will be on staff covering management and administrative duties.  The income to Healing Life Now must be sufficient to cover operating expenses and staff salaries.

Also, Amit had proposed that the fees charged by paypal be passed through entirely to the healers.  This would protect HLN from fluctuation in rates.  So effectively, what that means is that HLN would charge a fee of US $5.00 on all Healing Sessions charged at $20.  In total, on a package of 5 sessions, the HLN service charge is $25. 

By logical inference, we can say that if only a single session of US $30 is purchased, the HLN service charge is $15.  

As I mentioned in earlier emails, at the end of the year, management will assign a portion of the HLN proceeds to give a Bonus to recognize and reward great healers. 

Is this clear to everyone?  

Amit - please work with Para to clarify.  We need to make sure we get this process clear and under control before Healing Life Now can take on new healers.  

Thanks.

Due 

[Amit Singh]

Dear all,

can we freeze the calculations on a simple formula. As mentioned earlier we can go ahead with the attached formula.

Please check the attached sheet.

And the payment to the healer will be on the basis of the exchange rate in which healinglifenow received the money.

Thanks and regards,
Amit

[Paraluman Datta]

yes i agree to this formula

[Due Quach]

this formula works fine for our promotional package of 5 healings for $100. 

what happens when they buy an individual $30 session?   How about when we end or change the promotion? 

[Amit Singh]

The formula can be used for any number of healing or package. Please check the attachment for further clarification. As the formula is based not on the number of healing session it is on the amount of money received and paid.

Regards,

Amit

[Due Quach]

Hi All,

In the spring, we discussed our prices and the fact that we would be running various promotions.  Therefore, we agreed to pay healers a steady rate so that they would be insulated from any fluctuations in the promotional price. That meant Healing Life Now would "eat" the discount and not the healers. 

So this is what we said:

1) Normal (non-promotional) price is $30 / session

2) Promotion price floor is $20 / session, but would only be offered in packages of 5 sessions or more.  The launch promotion package is 5 sessions for $100.  But in the future we would raise the number of sessions needed for this price to 10 sessions ($200) to encourage persistence in healing programs. 

3) We pay healers $15 / session minus mandatory Paypal taxes and fees. Healers are responsible for filing own income taxes and paying tax on healing amount.  Healers also must agree upfront to tithe 10% of healing income. 

 

4) Therefore, if individual sessions are bought (which is unlikely so long as the promotion is happening) the healer will still be paid $15 minus mandatory paypal taxes and fees.  

- if $100 healing package is bought,  HLN portion is $25 out of $100 

- If 30 session is bought, HLN portion is $15 out of $30. This is fair because it still requires time and resources to process the order for 1 session versus for a package of 5 sessions. 

5) When we change our promotion, HLN portion is the price minus the healer portion 

For example, say we change the package to 4 sessions for $100  ($25/session) 

- healer portion is $15 x 4 = $60 minus paypal taxes and fees

- HLN portion is (25-15)x4 = $40. 

6) The HLN income will be re-invested to grow the business = eg, pay rent, bills, and eventually, HR salary. 

It is necessary for HLN to have stable operations and cash flow in order to grow in a healthy manner and benefit more healers and patients. 

7) Part of HLN profit (assuming we run in a profitable manner) will be set aside to award bonuses to good healers. Performance will take into account timely submission of paperwork (including scanning reports), service delivery (responsive communication and recommendations for healing protocols, quality & effectiveness of healings) and patient and/or customer satisfaction ratings and testimonials. 

Best,

Due