Our Finances
As a social business committed towards bringing positive change, we believe it is important to be transparent with our finances. The decision to make finances public was taken recently, and prior to that we were not tracking all our finances because Sarva Vedam was still a project in its early stages. Below are the our finances based only on the receipts we had in hand. While most sales have been recorded (as most of them are placed on the website), a considerable portion of our expenses have not been recorded because they were either cash expenses and/or there are no proofs of those transactions.
We know that such an approach does not look good for the business’ credibility. As mentioned earlier, the decision to make finances public was only taken recently, and the business was fairly informal before that. From January 2021, all sales and expensive will be tracked and uploaded quarterly on the website.
Total Sales and Expenses in January
Expenses
Delivery Charges
₹360
Packaging Material Purchased
₹45
Free Samples
₹50
Total
₹405
Sales
Hair Oil
₹1360
Hair Wash
₹780
Total
₹2060
Estimated Finances As of 31 December 2020
Expenses
Coconut Oil
₹21,000
Herbs
₹23,550
Jar Sealing Machine and Sealing Sheets
₹3,500
Web domain and hosting
₹6421
Accounting Software
₹1,500
Online Ads
₹679
Jars and Bottles
₹11,474
Corrogated Boxes
₹10,000
Graphic Design Software
₹1,004
Trademark Charges
₹10,000
Total
₹89,000
Sales
Hair Oil
₹3,159
Hair Wash
₹1,060
Hair Care Combo (no longer on sale)
₹2796
Total
₹7,015