I am currently making Pnl statement for a company who has a website and selling courses online, its a start up company and people are involved in two roles, one is direct cogs involved and one is operational, how should I divide there salary for two roles?
9 Replies
Nikhil Kaushik
(Fellow CA)
(85722 Points)
Replied 14 May 2024
Manisha..this is a typical problem with start ups. There is no defined formula for this. You will have to go through an iterative process with founders to understand their financial needs and accordingly apportion salaries. Unless there is sufficient cash to pay for everything, do the allocation on need basis. If there is enough cash, do need + comparative market salary.
Nulls Brwal
(2 Points)
Replied 14 May 2024
Salaries for gamers are often based on tournament winnings, sponsorships, and streaming revenue, varying widely. People who stream Nulls Brawl APK earns good amount of money.
Nikhil Kaushik
(Fellow CA)
(85722 Points)
Replied 14 May 2024
| Originally posted by : Nulls Brwal | ||
 |
Salaries for gamers are often based on tournament winnings, sponsorships, and streaming revenue, varying widely. |  |
why post random responses?
manisha singh
(3 Points)
Replied 16 May 2024
Thank you for your reply, I am thinking to divided it on the basis of proportion, suppose one employee is content creator as well as a marketing person, I am taking the average salary for both role as per industry standard, basis of this i can calculate the proportion of each role in his salary and show in expense as per PnL category.
Nikhil Kaushik
(Fellow CA)
(85722 Points)
Replied 16 May 2024
that should be okay. Ensure that both founders are aligned to this. Differentiated salaries can often become a bone of contention between founders.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5128 Points)
Replied 21 September 2024
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 25 October 2024
What ever contributes directly to generate sales is direct and rest all indirect.
Recent Topics
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
- Form 15CA 15CB Excel Format Download
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
