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Finance Associate Assignment

The assignment involves creating three invoices for different engagement models, considering factors such as fee type, geographical location, taxation, and currency conversion. Task 1 requires specific details for each invoice, including client information and billing periods. Task 2 involves drafting a payment request email to clients, ensuring clarity on invoice details and payment expectations.

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4 views2 pages

Finance Associate Assignment

The assignment involves creating three invoices for different engagement models, considering factors such as fee type, geographical location, taxation, and currency conversion. Task 1 requires specific details for each invoice, including client information and billing periods. Task 2 involves drafting a payment request email to clients, ensuring clarity on invoice details and payment expectations.

Uploaded by

suhaspretham429
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Finance Associate Assignment

Task 1

Output expected

In this assignment, you will create three invoices for different model engagement cases, taking
into consideration factors such as -

1. Fee type - monthly fees or hourly


2. Geographical location of the companies

Additionally, you will need to make inferences regarding taxation (GST applicability) and
currency conversion (USD to INR), as necessary.

Inputs for the task

I. Leaves are unpaid for contractors and we bill all non-Indian customers from Flexiple Inc
and Indian customers from Flexiple Tech Pvt Limited.
II.
Here are the invoice format for:
invoice format (make a copy of it to
edit)
Invoice Format (make a copy of it to edit)
III. Adjusted hours/ days - Mention the actual volume of work done by the freelancer during
the course of time for which the invoice has to be raised
IV. Feel free to populate the invoices with generic data wherever needed

Invoice #1: Monthly Model Engagement


● Client: Apna Company Pvt Ltd. (Based in India)
● Engagement: Monthly Model Engagement #1
● Monthly Fee: INR 3.5 Lakhs
● Invoice Period: September 15th to September 30th, 2023
● The developer was on leave for 2 days and fee is pro-rated based on # of days in the
month

Invoice #2: Hourly Model Engagement


● Client: Rack Company Pvt. Ltd. (Based in India)
● Engagement: Hourly Model Engagement #1
● Hourly Fee: We charge them $30 per hour
● Invoice Period: 80 hours of work during September 15th to September 30th, 2023

Invoice #3: Hourly Model Engagement


● Client: Certify Company Inc. (Based in USA)
● Engagement: Hourly Model Engagement #1
● Hourly Fee: We charge them $20 per hour
● Invoice Period: 150 hours of work during September 15th to September 30th, 2023

Task 2

Output expected

Write a sample email requesting the client to pay the invoices within 7 working days. Share it in
a document.

Inputs for the task

The email you write should include the below details and should clarify to the client that the
payments are due -
I. Invoice Number: [Invoice Number]
II. Invoice Date: [Invoice Date]
III. Due Date: [Original Due Date]
IV. Current Outstanding Amount: [Amount]

Also, make it transparent that they can get back if they have queries but no reply within 2 days
of receipt would mean auto-approval.

Make the email friendly but assertive :) Brownie points for achieving this.

—---------—---------—---------—---------—---------—---------—---------—---------—---------—---------—----

As you share the assignment output, please share the below details as well -

1. Your current base location i.e. city


2. Are you comfortable with moving to Bangalore for a full-time in-office role?

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