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REASONS TO THRIVE IN

REASONS TO THRIVE IN. O5. Mission Statements. Children’s Orchard Mission To redefine and lead the children’s resale category Corporate Mission To build prosperous retailers and valuable businesses. Reasons #5. Controlling the Cube: Using Cache Cards and Gift Cards to Make Us Prosperous.

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REASONS TO THRIVE IN

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  1. REASONS TO THRIVE IN O5

  2. Mission Statements • Children’s Orchard Mission • To redefine and lead the children’s resale category • Corporate Mission • To build prosperous retailers and valuable businesses

  3. Reasons #5 Controlling the Cube: Using Cache Cards and Gift Cards to Make Us Prosperous

  4. Purpose • Build your machine through proper handling, accounting, and protection of these valuable tools.

  5. Cache and Gift Card Transactions • 30,000+ Transactions!

  6. Gift Card Transactions • Gift Cards cannot be reloaded

  7. Gift Cards • Ringing a Gift Card Sale

  8. Gift Cards • Redeeming a Gift Card

  9. Gift Cards • Recording Gift Card transactions on your weekly report

  10. Cache Card Transactions • Recycle your Cache Cards!

  11. Cache Card Transactions • Differentiating the $35/$10 and $30/$10 • store credits

  12. Cache Card Transactions • Ringing transactions through the sales register

  13. Cache Card Transactions • Gathering your information • Interactive Buy Register Closing Sheet Save as 05_25_05_buys

  14. Cache and Gift Card Transactions Charge Slips • Gathering your information Redeem/Credit $10 Promo Gift Card Transactions

  15. Cache and Gift Card Transactions • Gathering your information • Interactive Sales Register Closing Form Save as 05_25_05_buys

  16. Cache Card Transactions • Gathering your information • Tracking the results

  17. Protecting Your Cache and Gift Cards • Minimize employee access • Reconcile to the Batch Report daily • Randomly check authenticity

  18. Protecting Your Cache and Gift Cards

  19. Protecting Your Cache Cards • Run the Batch Report

  20. Protecting Your Cache Cards • Reconciling to the Batch Report

  21. Protecting Your Cache Cards • Reconciling to the Batch Report From Daily Buy Register Close Sheet From $10 Promotion Cache Card Sheet From your Interactive Daily Sales Register Close Sheet

  22. Protecting Your Cache Cards • Check Authenticity

  23. 5/3 Online Services • https://direct.53.com • User Name • Password Wanda Korgol 1-248-603-0430 Or Rick Kneller 1-513-358-5753

  24. 5/3 Online Services • Reports of interest

  25. Accounting for Cache Cards • No communications from Children's Orchard, Inc. are intended to provide tax, accounting, or legal advice. We suggest that for such advice you contact the IRS and your local state taxing authority and/or hire a qualified accountant or tax attorney to review your questions.

  26. Ask your Accountant Accounting for Cache Cards • Reap all of the rewards of these sales tools by properly recording entries on your books • In addition to • Driving sales • Increasing cash flow • Raising Average Ticket • Increasing customer purchase frequency • Building customer loyalty...

  27. Ask your Accountant Accounting for Cache Cards • Every $ loaded to a Cache Card as either a Seller’s Bonus or a Promo can be booked as a Non-Cash marketing expense (not part of minimum 3% ad spending) • Reduces your taxable income • Your taxes go down without expending cash

  28. Ask your Accountant Accounting for Cache Cards You must have these in your Chart of Accounts: • AccountType • Store Credits Liability • Non-Cash Promo: Expense • Cache Card Promo Expense • St Cr Seller’s Bonus Expense

  29. Ask your Accountant Accounting for Cache Cards Recording a $10 Cache Card issued as part of a promotion:

  30. Ask your Accountant Accounting for Cache Cards Recording a Cache Card issued for a Buy (50% Store Credit Bonus):

  31. Ask your Accountant Accounting for Cache Cards Redeeming a $10 Cache Card (margin = 65%):

  32. Accounting for Cache Cards Ask your Accountant Daily Sales Journal Entry will capture Cache, Gift Card sales, redemptions

  33. Accounting for Cache Cards Ask your Accountant Daily Buy Journal Entry will capture Cache Cards issued for Buys

  34. Ask your Accountant Accounting for Cache Cards • Record Cache Card Promos MONTHLY. Take totals from tally sheets or 5/3 Monthly Detail Report. • Example: Issued 200 $10 promos

  35. Accounting for Cache Cards If you’re in the 25% Tax Bracket, reducing your taxable income by $2,000 could save you $500 in taxes Ask your Accountant

  36. Build Your Machine! • Implement proper handling, accounting, and protection of your Cache Cards and Gift Cards.

  37. Mission Statements • Children’s Orchard Mission • To redefine and lead the children’s resale category • Corporate Mission • To build prosperous retailers and valuable businesses

  38. REASONS TO THRIVE IN O5

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