“DRAW your plans, NOTE your ways, and

ACCOUNT your growth”

COMPANY
REPORT
C O.

J JACEN

jacenco@gmail.co jacencobyyourside.co
m m
100 Mabolo St. Malolos
Bulacan, Philippines
3000 (098)765-4321
 100 Mabolo St. Malolos Bulacan, Philippines 3000

C
jacenco@gmail.com

O. jacencobyyourside.com

J
(098)765-4321

JACEN
TABLE OF

INTRODUCTION:
COMPANY HISTORY, VISION AND MISSION, PARTNERS, AND
ORGANIZATIONAL CHART

FINANCIAL
COMPARATIVE FINANCIAL STATEMENTS

SIGNIFICANT CHANGES:
DISCUSSION OF SINIFICANT CHANGES IN THE
COMPANY
FINANCIAL STATEMENT
VERTICAL, HORIZONTAL, RATIO AND GRAPHS

SAGE/PEACHTREE:
GUIDE
FUNCTIONS OF SAGE/PEACHTREE

REFLECTION
INDIVIDUAL REFLECTION
ABOUT USING SAGE/PEACHTREE

Contents
Our
History
JACEN is a startup company focusing on accounting services and more recently, stationery manufacturing. It
was founded in Malolos, Bulacan last June 2020 by five college friends namely: Jonathan, Arvie, Ckhyle,
Elena and Nina. The first letters of their nicknames form the name of the company. From a humble
beginning with a starting capital of P250,000, the business has now grown to have a total equity 5.8 times of
its original amount, generating a total net income of almost P1.8M since its conception while providing
fulltime employment to 8 homegrown talents.

The partners, accountants by profession, originally sought to enter the competitive accounting and tax
industry but later on decided to venture into the paper and pen manufacturing business. Now, JACEN has
amassed a loyal clientele for their accounting and tax services while at the same time producing the highest
quality
q stationery products, with MUJI™ as its flagship brand.

Vision:
“We would like to become a leading provider of accounting services and to provide high-quality
stationery products in the Philippines and in the region, as we foster strong bonds with our
customers, our employees and our partners.”

Mission:
1) Is to continuously improve our products and services;
2) Is to construct a state-of-the-art manufacturing facility and;
3) To enter the international market with only the BEST products and services.

Coping up with the current global

“Living up to its commitment of bringing its products and services closest to its customers,
situation:
JACEN Company continues to expand its network. At present, the company distributes
notebooks and other pen products nationwide not only by selling on our physical stores, but also,
by taking advantage of using different online shopping platforms, which is widely used by many
Filipinos currently. We have to be taking advantage of these online selling platforms because
most of trading activities globally are currently held online due to the corona virus pandemic, and
that buying goods physically are limited to an extent.”
 OUR
Partner
s
Ronaldo Velilla Jr.
MANAGING PARTNER

To help us carry out our mission, we have

added eight competent individuals to our
team with extensive knowledge in their
respective departments. Ma. Elena
HEAD OF ACCOUNTING
Alaine and Sharla are our newly hired
salespeople, and are led by our partner Guanlao
Nina Pascual.
Skinny Pete and Badger are our very
reliable production staff, under the
supervision of our partner Ckhyle Lazaro.
Gus, Jesse, Hank and Walter are our
accounting staff who have been with us
since the very start. They are managed by Nina Jane
HEAD OF SALES
our partner Elena Guanlao.
Thanks to our partner Jonathan Bausing,
Pascual
we were able to find these people who add
so much value to our organization, while
our partner Arvie Velilla makes sure that
the different departments are functioning
as efficiently as possible.
Together as a team, JACEN is working
hard towards attaining all of its goals and
its commitment of being a gold standard in Jonathan Bausing
providing accounting services and HEAD OF HR AND
stationery products MAINTENANCE

Chkyle Lazaro
HEAD OF OPERATIONS
C O.
ORGANIZATIONAL
Structur
J JACEN
\

JACEN. Co.

Ronaldo
MANAGING PARTNER
Vellila
 Nina Pascual
HEAD OF SALES
Chyle
HEAD OF OPERATIONS
Elena Jonathan
HEAD OF MAINTENANCE
HEAD OF ACCOUNTING
Lazaro Guanlao Bausing
SHARLA MAE BATE BADGER GUS FRING
PRODUCTION STAFF OFFICE STAFF
SALES STAFF

ALAINE MACARASIG SKINNY PETE HANK SCHRADER

PRODUCTION STAFF OFFICE STAFF
SALES STAFF

JESSE PINKMAN
OFFICE STAFF

WALTER WHITE
OFFICE STAFF

FINANCIAL
Statements

COMPARATIVE BALANCE
(October vs. September)
Summary:
CURRENT ASSETS: 52.75%
INVENTORY ASSETS: 50.00%
NON-CURRENT ASSETS: 0.70%
TOTAL ASSETS: 14.75%

CURRENT LIABILITIES: 26.08%

NON-CURRENT LIABILITIES: 0.00%
TOTAL LIABIBILITIES: 11.18%
TOTAL EQUITY: 21.03%
TOTAL LIABILITIES AND EQUITY: 14.75%

FINANCIAL
Statements
COMPARATIVE INCOME
(October vs. September)
STATEMENT:
 Summary:
TOTAL REVENUE: 83.50%

PAYROLL: 11.40%
GENERAL AND ADMINISTRATIVE: 85.77%
TOTAL EXPENSE: 279.21%

NET INCOME: 5.34%

FINANCIAL
Statements
 Summary:
OPERATING ACTIVITIES:
331.42%
INVESTING ACTIVITIES: 0.00%
FINANCING ACTIVITIES: 0.00%

TOTAL CASH AND 103.36%

CASH EQUIVALENT:

SIGNIFICANT
Changes
Introduction:
Technological innovations have increased the impact of change and businesses are now
faced with the challenge of improving its operations and developing competitive edge on
how to gain more customers in the increasingly tight market. That’s why our company are
trying to improve our profitability and expanding our operations to cope up with the high
demand of the customers.
In the pursuit of its organizational goals, JACEN Company had undergone significant
changes over the past month. For the first four months of operation of the company, its
revenues came from rendering different services such as accounting and tax services and
accounting research. However, due to the highly competitive cutthroat accounting
industry in the country, and with the aim of generating more revenues, the company
 The sale of these manufactured goods explains the huge increase of 83.5% in our revenue
for the month of October. Similarly, and as expected, the company’s selling and
administrative expenses also increased by 85.77%. This is mainly due to the provision of
commission fees to our salespeople. This is evidenced in our comparative income
statements for the months of September and October.

SIGNIFICANT
Changes
SIGNIFICANT
Changes
 Unsurprisingly, our cash balance also experienced a growth of 103.40% compared to the
previous month. This can be explained by the dramatic increase in the company’s cash
flow. Due to the company’s collection campaigns and policy of aging accounts receivable
by no more than 30 days, our operating cash flows have grown by an impressive
331.42%. Our sales people are also partly to be thanked for pushing cash transactions
with our customers by offering 3% cash discounts, and the policy of offering 2% discount
for invoices paid within 15 days.
Although a high cash balance is pleasing to the eyes, too much cash balance may signify
idle cash, which is not helpful to the organization’s growth. By keeping the cash idle, the
company loses its opportunity to generate additional income. That being said, the
management will be on the lookout for safe, high-yield short term investments to invest
idle cash and earn interest income. That extra income can be used to offset the increase in
the expenses brought about by the expanding operations of the company, or we can use it
to pay for other current obligations.

SIGNIFICANT
Changes
 Another very satisfying portion of the balance sheet is the partners’ equities section.
JACEN has seen strong profits since its inception. Although the net income margin has
seen a decrease in October, the figure, which currently stands at 41.02%, is still very
healthy. As mentioned before, the firm, having determined inefficiencies that drag down
these numbers, is working hard on fixing them.

FINANCIAL STATEMENT
Analysis
Liquidity Ratio Efficiency Ratio
A company’s liquidity is best measured by its
current and quick ratios. As can be seen from
the graph above, the company has steadily
improved its ability to pay short-term
obligations over the course of its five months of
existence. JACEN will be aiming for a current
ratio of 2 in the future.
Meanwhile, JACEN’s quick ratio, which
excludes inventories and prepaid expense
items, has also shown marked improvement
compared to its June levels. The company
intends to keep this level of quick ratio in the
future.
FINANCIAL STATEMENT
Solvency Ratio
JACEN came from a very unideal starting point
with its leverage ratios. As seen in the graph above,
the company financed its operations using debt,
The company’s ability to collect its receivables
has declined in the preceding three months but
saw an increase in October. As stated before,
this is due to a change in the company’s
collection efforts. Discounts were offered to
encourage prompt payment from customers.
This metric measures the company’s ability to
generate sales from its assets. The ratio has
seen a gradual decline from June to September,
but eventually picked up in October, again due
to the commencement of manufacturing
operations. The management intends to
increase the ratio to 1 in the near future by
aiming for an exponential sales growth in the
near future.
Analysis
Profitability Ratio
This metric shows the ratio of the net income of
the business to its partners’ equity. A 28% ROE
is still considered to be generally good.

This graph shows the percentage of profit a
company earns in relation to its overall
resources. Although we have seen a steady
decline in ROA from its peak in July, the 12%
for October is still considered to be a very
healthy figure. The management will be doing
its best in maintaining this level of ROA or
even increasing it.
FINANCIAL STATEMENT
Trend Analysis
Simply put, this ratio indicates how much of
every peso sale is translated into net profit, and
is also called as net profit margin. Even though
the metric has seen a decline in the past three
months (and an even sharper decline in
October), it is still acceptable, as can be
expected from a company with manufacturing
operations. Nonetheless, the management will
work on maintaining this level or even
increasing it.
Analysis
The main takeaway from this graph
is that our assets (especially cash)
and equities have grown much faster
than the liabilities. This is a good
 The growth in total revenues, which
stands at 328% of its June levels, is
very pleasing to see. However, as
discussed earlier, the company can
do a better job at growing its net
income, which did not match the
impressive growth of revenues. In
order to achieve that, the company is
strategizing on plateauing the
increase in expenses (or at least
keeping its growth at a minimum).

FINANCIAL STATEMENT
Analysis
Vertical Analysis

A vertical analysis of the

company’s financial statements
also shows the improvement of its
numbers and its financial
 JACEN CO.
Our
20

Future

In line with our company’s vision and mission, we hope to reach the following milestones in the
next five years of our operations:

2021 Upgrade from manual labor to an automated manufacturing system in order to

meet our annual production goal of 75,000 units of our Muji™ Pen Deluxe and
42,000 units of our Muji™ Premium Notebooks. We also plan to start offering
 2022

2023
2024
2025
We are very thrilled for what’s to come in the next few years. Our journey and growth as a
company over the past few months have been very exhilarating in so many aspects and we are
glad to share those experiences with you. With these milestones in mind, JACEN is committed to
achieve its vision while also contributing to the betterment of the lives of its stakeholders: from
clients to suppliers, and from employees to the end-users of our products.

Draw your plans.

Note your ways.
Account your growth.
JACEN is by your side.

C O.
SAGE/PEACHTREE
Guide
J
JACEN

Introduction:
The completion of this management report would not have been possible
without the help of Sage ERP. Sage undoubtedly made our company’s
financial reporting and managerial functions seem like a walk in the park.
Granted, we were perplexed the first few times we used it but like most
things, once we got the hang of it, we found it very useful in generating
different reports and even just the day-to-day activities of the company.
Below are screenshots of the different functions of the Sage software such as
making a company profile, creating client, vendor and employee profiles,
 Setting-up company in
This is what you'll see when you set up your company's profile in Sage 50
2020.

C O. SAGE/PEACHTREE
Guide
J
JACEN

Follow the steps indicated and fill-out accordingly to set up your company.
C O. SAGE/PEACHTREE
Guide
J
JACEN

Chart of Accounts
C O.
SAGE/PEACHTREE
Guide
J
JACEN

Receivable
Creating client: Receivables > Clients > Add client
Ledger
 Payable
Creating vendor: Payables > Vendors > Add vendor
Ledger

C O.
SAGE/PEACHTREE
Guide
J
JACEN

Inventory
Ledger
& Services
Adding an inventory item: Inventory & Services > Inventory & Services
> Add inventory & service
 Payroll Ledger
Creating employee: Employees & Payroll > Employees > Add employee

Our
History
INDIVIDUAL
Reflectio
n
Jonathan M. Bausing
I have learned a lot from using Sage Accounting Software.
Thanks to our subject, Accounting Information System because it
made us explore and learn more about this accounting software.
At first, I find it very complex and hard to understand but as we
continue to explore this software, and also with the help of our
professor, Mr. Greg Saclot and my classmates, I was able to finish
and understand the software.

As there are technological advances that triggers the

profession of the accountants, we need to cope up with it so we
can respond to the needs of our employer. This subject prepares
us for the future jobs where most companies use accounting
INDIVIDUAL
Reflectio
n
Chkyle-rine Ericka V.
Lazaro
In today’s world, where technology is continuously
civilizing. We need to cope up. Accounting Information System as
our course subject in our final year, made me realized that our
work as an accountant can be simplified with the use of software
like Microsoft Excel and Peachtree or what we call now Sage 50.
This course subject also helps me to refresh what I have learned in
our IT subjects and to apply also what I have learned starting from
the basic accounting up to now. Before, I thought that Microsoft
Excel is just a software where I can type information and made
tables. But now, I find it more useful for me because it serves as a
calculator and operated by different formulas.
INDIVIDUAL
Reflectio
n
Ronaldo M. Vel illa Jr.
I have learned a great deal from this subject during this
semester. And I am very thankful that Accounting Information
System is part of our curriculum for a number of reasons. First, my
Microsoft Excel skills have been refreshed. Second, I am now well-
versed with Sage ERP software. And lastly, these first two reasons
will make me a more desirable and future-proof accountant,
especially with the advent of automation in our industry.
Aside from that, Sir Greg certainly trained all of us for our
eventual entry into the profession by familiarizing us with the
expectations of clients and other users of financial statements. He
asked us questions that we did not expect because we had a
rather myopic view of what our job entails. He made us realize that
we have to condense the data we have collected into more
INDIVIDUAL
Reflectio
n
Nina Jane R. Pascual
In a world where change is constant and the demand to
innovation is endless, regardless of the field or path we chose, we
must remain steadfast in seeking growth and knowledge. And this
is something I learn on my journey as I continuously dream to
become a future Accountant.

As a student, it is expected that we provide an accurate

result with an ample given time. And it is without a doubt that
technology itself can make the same thing without exhausting so
much effort like human does. With the subject AIS (Accounting
Information System), we are taught that through incorporating
technology by means of different software like Excel and SAGE,
we can make a better and more sufficient output. Knowledge with
INDIVIDUAL
Reflectio
n
Ma. Elena I. Guanlao
The Accounting Information System (AIS) course made us
explore the technical perspective of what we were studying for the
past 3 years in the Bachelor of Science in Accountancy program.

It is fascinating to explore how to maneuver and operate the

Microsoft Excel and Sage Software, because having some
technical knowledge of these applications could come handy when
it comes to the fieldwork and the real job, since we are accounting
majors and most likely to pursue a career on accounting.

The AIS program made me realize the power that Excel and
Sage brings in terms of simplifying a variety of accounting tasks,
and simplifying the job of generating useful financial information