2019-01-21 Hypha Worker Co-op: Finance WG

Time: Tue, Jan 21, 2019 @ 12:00pm
Location: https://jitsi.hypha.coop/hyphacoop
Attending: pc, bl, yj
Cultivator: pc
Notetaker: bl

Agenda

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#156 payroll, WagePoint doesn’t work with our QBO plan
- can have Rodica do this for us
- Rodica has access to our books, but is waiting on us
- pc, yj: have Rodica do the first integration
- DECISION: don’t upgrade QBO account for now
#122 get clarity with Rodica, to not leave contract undefined
- pc: plan to export payroll then talk to Rodica
- bl: emphasize I want alignment on scope of work and budget, don’t feel we must have contract to start
- #todo ask expected monthly rate (pc)
- bl: estimated budget
  - yj: every dollar we spend, we need to bring in $7.72 in business
  - bl: if we want to spend $100, we need $772 in business
  - bl: until 30 June 2020: (estimates)
    - $300 for bookkeeper -> $2,400 in revenue
    - $1,500 for accountant -> $12,000 in revenue
    - $160 for QBO -> $1,000 in revenue
  - bl: so we need $20,000 in business for this accounting budget
    - will we hit this revenue number by June?

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