Bill Of Costs Sample: Fill & Download for Free

A lawyer (Anoop) visited my shop, and asked me to call my dad as he won’t deal with me, said it’s going to a big deal.Sensing the opportunity, I called dad.Anoop: I need to do a big purchase, but why should I purchase from you?*Dad and I looked at each other in amusement*Dad: There is no compulsion, go wherever you like.Anoop: I want to purchase from you, but I have a condition.Dad: I am listening.Anoop: I would give you 5% profit on original bill of purchase.5% profit on bill rate was an impossible call, because we had cost of transportation, and 20% stocks never sell, so many other hidden costs.But, business was very dull those days, we were full with old stock, and thinking it’s going to be a bill deal, after much deliberation, we agreed.The big deal started.Dad: Ok, tell me what do you need in bulk?Anoop: Show me 5 sarees in Rs. 300–350 range.Within few minutes lawyer selected 5 sarees, and we showed him the bill, he calculated 5% and gave us 1500 rupees.Took the saree and started leaving.I was in shock.“hey what happened, you said, it’s going to be a big deal?”“1500 is big isn’t it ~ lawyer said, and left”I was never outsmarted like this before.I looked at dad.“We made a good loss there, isn’t it?”Dad said - “what loss? I showed the bill of branded saree and sold him the loose ones.”“How come?”“I emptied some boxes and put the loose ones in it before showing him”. I have seen many such smart-ass customers in last 20 years. I know, how it goes.Complaint time.Early morning next day, lawyer showed up and he was infuriated.Anoop: “This sarees you sold it to me are available in the market at less than 250, you think you are smart?”Dad: “I showed you the bill as you asked”Anoop: “Those were duplicate bills, don’t I know now? I want full refund, he threw up the sarees towards us”Dad: “Take a Xerox of the bill, and prove it to be false. I will return your full money and let u keep the sarees”Anoop: I will see you.Lawyer left my shop fuming.He went to his village and collected 20–30 of his caste men, showed at the shop by the evening.He along with a muscular guys stepped up.guy said “Return his money.”Dad who was keeping his cool so far said “Return the sarees, and I will see to it.”Guy said to the lawyer: Return him the sarees.But, Smart ass lawyer had forgotten to collect the sarees this time.People who came with him registered few blows to Anoop, as they looked quite stupid in the market because of their friend.Lawyer didn’t show up after.Edit:Devarsh in the comment section has asked “How come 5% margin result in net loss”Answer — When I go to purchase sarees. I buy a bundle based on few samples which wholesaler shows me. I don’t get to check what’s inside the bundle (nor we have time for that matter). In every 100–250–500 bundle. 15–20% of sarees can’t be sold in my locality.Reason could be - Print and colours of those sarees could be too bold, could be too modern for my conservative locality and vice versa. Few sarees design are quite odd it’s put there to check customers behaviour sometime if those design click, market sees a new trend.So out of 100 sarees - 20 become old stock which is very difficult to get rid off at proper profit. So you lose time value of money as those stock will be in racks for a long time.Then comes defective pieces - out of sheer bad luck I might get 2–3 /100 defective sarees which customers return me [can’t be sold again]transportation costs.Then I have customers who buy things on credit, I get my money back very late if ever.This much reasons are enough to convince you sarees should be sold at 20–25% margin if that business need to survive.

Comfortable can mean differently to people however I will make an attempt to give you an idea of costs in Sydney and if it’s worth making a move.You will end up getting around $6–6.5k per month after taxes so think of that amount as you plan to come and spend money, check pay calculator for after tax amounts.Rent at a suburb half an hour away from the city will be the biggest expense at anything from $2–3k per month for a decent 2 bedroom flat, if you can live with one toilet instead of two then reduce it by around $500 per month.Check on Domain.com.au | Real Estate & Properties For Sale & Rent or Real Estate, Property & Homes for Sale for sample rentals.($6k-$2k= $4k)If you are ok with public transport ( don’t go by what the naysayers tell you, public transport is great) that’s an extra $200 per month. I would recommend not to buy a car straight away for at least 12 months.($4k-$200=$3.8k)Your grocery bills will set you back by around $500 per month, it will have to be a mix n match across shops for eg. tomatoes can be $7.99 in one shop and $2 in another one. ($3.8k-$500= $3.3k)If you don’t have PR and need private insurance that’s a couple of hundred dollars again, if you are coming on PR, then you are sorted for medical expenses.The next important part is if you have kids that are school going or not and if you are ok with them going to a public school ( nothing wrong with it , and they are great) it will not be a big expense cause it’s mostly covered by taxes you pay. If your kids will go to daycare add $500 per week for them.Your gas and electricity bill will turn up to around $100–150per month at max, add internet at another $70 per month. ($3.3k-$200 = ~$3k)Probably you will not end up saving anything and live month to month (not a great spot to be in honestly)but then thats considering if i was getting that amount so think about it before you make the move to Sydney.Sydney is an expensive city to live in with kids and family but the weathers fairly good and there are heaps of things to do for a family so you won’t have one weekend where you will get bored of :)good luck for your move and let me know if you have any questions .

That would be money.First off, you need to understand that law firms don't operate the same way as most private sector businesses. At an ordinary corporation, everyone has a salary and some discretionary bonus eligibility, plus perhaps company stock. You know on January 1 more or less what's going to happen with your compensation that year. People may argue over not being paid enough, but the issue can be addressed over time, e.g., through a raise or stock options. A law firm, however, collects an enormous amount of money each year and then disperses it among partners and starts over again. On January 1, most of us have no idea what we're going to bring home in the new year: personally, I could tell you what a good or bad year would look like, but the spread between the two is several hundred thousand dollars. This unfortunately creates a situation in which every equity partner is looking to maximize his/her share of the loot now, as one has little way of knowing what next year will bring (either the size of the total pot or your individual performance). At many firms (though thankfully not mine) year-end jockeying is common.There are also arguments over how to divide up money raised on individual matters. Specifically, most firms operate on a “modified eat what you kill” system, which allocates profits in large part based on originated work (the work you bring in) and the hours you bill. Origination is sometimes easy to figure out, e.g., someone cold calls and asks for you to handle a matter, or a longtime client reaches out with more work. But suppose instead that multiple partners participate in a successful pitch for new business, but one partner is going to do 80% of the work. Or suppose that the GC of Company W calls and asks for Partner X to handle a case, but the only reason W knows about the firm is because of Partner Y’s past work and/or Partner Z being a close friend. These situations can get ugly if they are not addressed early in the matter and fairly. As an example, suppose that 25% of profits go to originators and a firm operates at a 50% profit margin. If a case generates $5 million in revenue ($2.5 million in profits), that would mean that $625k would go to the originating partner. You think people aren’t going to fight over that amount of money if they believe they’re entitled to it?And of course, even if partner relations are good, there’s always the question of costs, e.g., employees and bonuses, benefits, advertising, outside vendors, etc. If you look at this sampling of large firms, List of US law firms by profits per partner - Wikipedia, you can see that profit margins range from 65% to just 17%, so plainly, partnerships (and individual partners) can have radically different views about what expenses (and at what level) are appropriate.