1. The
Considerations
in managing
Kyu Young Kim
Twan Fields
Brandon finical
Instructor: Neal Ferrari

2. ContentsContentsContents
Type of venue
Type of venue
Type of venueMethod of Accounting
Method of Accounting
Method of Accounting
Bookkeeping
Bookkeeping
BookkeepingFinancial Accounting
Financial Accounting
Financial Accounting
Internal Controls
Internal Controls
Internal Controls
Many hats
Many hats

3. type of venue
indoor Music venue
Low amount
of people
type of venue
indoor
Low amount
of people

4. Methods of
accountingMethods of
accountingMethods of
accounting
WHAT WE
WILL BE
GOING OVER…
Bookkeeping
financial
accounting
internal
controls
Bookkeeping
financial
accounting
internal
controls

5. BookkeepingBookkeeping
bookkeepingBookkeepingBookkeeping
Recording information
for Music Venue
• Recording
Transactions
Recording information
for Music Venue
• Equipment
for the Venue
• How many
people can this
venue hold
We set up a Simple File Folder System with
choose a Bookkeeping Method that works for
the venue. Also, we block off time regular to
record transactions with reviewing
financial statements.

6. Financial
accountingfinancial
accounting
Financial
accounting
financial accountingfinancial accounting
• Invoicing & Payments
• Deposit Invoicing & Reversals
• Credit Checks / Payment History
• Direct Access to CRM data
• Aging & Dunning Statements
• Consumable & Equipment
• Physical Counts
• Fixed Asset Accounting
Integrates receivables with the
entire venue management and
financial analysis process
with managing purchases order items
and process payments.
* CRM = Customer Relationship Management
Price and Accounting
for music venue.
Integrates receivables with the
entire venue management and
financial analysis process
with managing purchases order items
and process payments.

7. internal controlsinternal controls
internal controlsinternal controlsinternal controls
• S afeguarding of assets
• P revention and detection of fraud or error
• A ccounting records are accurate
• C ompliance with relevant laws and restrictions
• E mployees are protected
Cash
Insurance
Asset Register
Paper work
Contract
Security
How to prevent lose of revenue or
opportunity for an individual to do
wrong.
How to prevent lose of revenue or
opportunity for an individual to do
wrong.
ex) Wristband at the Door for Under 21.

8. wearing many
hatswearing many
hats
wearing many
hats
IN
ACCOUNTING
financial accounting
BookkeepingBookkeeping
internal controlsinternal controls
Why is it important????
InitiationInitiation
CommunicationCommunication
Getting InvolvedGetting Involved

9. conclusionconclusionconclusion
Bookkeeping
financial
accounting
internal
controls
Bookkeeping
financial
accounting
internal
controls
• Recording
Transactions
• Equipment
for the Venue
• How many
people can this
venue hold
SPACESPACE
Price of equipment
for music venue.
Price of equipment
for music venue.

10. References
Cultrona, R.L. (n.d.). Job Description for a Venue Manager. Retrieved on July 30, 2015 from http://www.ehow.com/about_7227184_job-description-venue-manager.html
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(n.d.). Retrieved July 31, 2015, from http://secondnatureaccounting.com.au/wp-content/uploads/2013/04/icon-bas-and-bookkeeping2.png
(n.d.). Retrieved July 31, 2015, from http://vpcomp.net/Miami_Beach_Clubs//wp-content/uploads/2010/11/vip-wristbands.png
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Bookkeeping 101 For Advisors. (2012, July 5). Retrieved July 31, 2015, from http://www.investopedia.com/financial-edge/0712/bookkeeping-101-for-advisors.aspx
How To Become A Project Manager: Wearing Many Hats. (n.d.). Retrieved July 31, 2015, from https://blog.udemy.com/how-to-become-a-project-manager/
The Many Hats of a Modern Accountant. (n.d.). Retrieved July 31, 2015, from http://www.jobs.net/Article/CB-6-Talent-Network-Finance-Ins-The-Many-Hats-of-a-Modern-Accountant/
Venue Management Software. (n.d.). Retrieved July 31, 2015, from http://ungerboeck.com/solutions/venue-software/venue-management-software