Spring Breeze Twenty Years

Chapter 1142 A Cold Sweat (Give +1 to Gentle and Refined)

Manager Chen said, "Okay, I'll cut ties with Lao Zhang. Chairman, I still have to return a lot of money to the mall."

Xiao Wei said, "You should do the settlement first, then I'll sign off on the money over there. How did you handle the outstanding debts outside?"

Manager Chen said, "I'm working on the reports right now. I'll come over in the next day or two to give you an explanation. The main issue is the property payments. The supermarket and most of the convenience store properties were purchased directly, and that's where the large amount is. As for the rest, the renovations and equipment have basically been paid for."

Xiao Wei said, "Okay, you can discuss it with Manager Zhang first, and then we'll talk about moving it over."

Manager Chen said with a smile, "Since Xiao Liwen is gone, and I'm leaving, Lao Zhang is all alone now."

Xiao Wei said, "There are many departments and people in the shopping mall, so it's inconvenient to move here. After the Zhongjie side opens next year, the entire building will be given to the shopping mall. Except for the first and second floors which will be reserved for the free market, the third and fourth floors will be given to them. Otherwise, we won't have to worry about not having enough space."

Manager Chen said, "Chairman, my plate is bigger than his. Why don't you have him move it over there and I'll stay here?"

Xiao Wei said, "No need. Come here. Next year, we'll split the convenience stores and supermarkets again, and you can upgrade the home appliances here."

Manager Chen said, "That's exactly what I was about to say. How should Lao Zhang and I handle the home appliance business?"

Xiao Wei said, "It's yours. You can separate that part of the mall and pay the rent directly to the property management. Manager Zhang can then focus on running the mall and the Free Mall."

Manager Chen thought for a moment and said, "Then, Chairman, does that mean we'll have to cut home appliances into pieces as well?"

Xiao Wei said, "It depends on the situation. It's possible, it just depends on how well you can develop it. Now that people have more money, the prospects for the electrical appliance sector seem promising."

"We can go out and take a look around. We've basically completed direct sourcing from manufacturers for our procurement. I think it should work for home appliances too, since we have so many stores, right?"

Manager Chen asked, "If home appliances become independent in the future, how will the supermarket handle this?"

Xiao Wei said, "Let's discuss it later. My idea is to leave the supermarket alone. These are two separate matters. You and Manager Zhang, put in some extra effort, and once these few pieces are up and running, you two can come to the company as vice presidents."

The company's entire compensation and benefits system has been completed, consisting of nine levels and fifteen grades. Branch managers are at level six and enjoy 5% of the company's management bonus, while vice presidents are at level seven. Vice presidents do not enjoy management bonuses but can purchase up to 5% of the group company's shares.

This is no small amount, and it represents a different kind of significance. Li Na and Jin Jie are both shareholders of the group now.

After hanging up Manager Chen's call, Xiao Wei picked up the report again, glanced at it, thought for a moment, took the report, went downstairs, and went to Chen Hui's office.

Chen Hui now had a secretary and assistant. When he saw Xiao Wei come over, he stood up and greeted him.

Chen Hui sat in the boss's chair, his feet propped up on the desk as he flipped through documents. Seeing Xiao Wei come in, he asked, "What are you doing?"

Xiao Wei said, "I only realized how many convenience stores and supermarkets we've opened after seeing this year-end report. Such a big deal, costing so much money, do you think that's normal?"

Chen Hui was taken aback for a moment, then said, "What...what do you mean?"

Xiao Wei said, "Neither the mall's monthly report nor the finance department's feedback usually mentions this. Over three hundred million! Dude, we're only finding out at the end of the year, and you're asking me what I mean?"

Chen Hui put his feet down and sat up, looking at Xiao Wei and thinking for a moment: "Yeah, logically speaking, it shouldn't be like this."

Xiao Wei said, "Aren't you scared now? Just because this money was used for the mall's internal expansion, and each transaction wasn't huge, the final amount was 300 million yuan, and we didn't know about it." Xiao Wei laughed, "If this money had been slowly moved to other places, by the time we found out, they'd all gone abroad."

Chen Hui said, "There are loopholes in the financial management."

Xiao Wei said, "There are loopholes in personnel management, and even more so in administration."

Chen Hui thought for a moment and then laughed, saying, "Don't you think we're just being recklessly bold? Maybe fools have all the luck?"

Xiao Wei laughed and said, "From now on, when submitting annual plans and budgets at the beginning of the year, the branch managers' opinions will not be the final opinions, but will still have to be submitted. Also, the financial approval authority of each branch manager will be canceled. After he signs, he will have to go to Geng Hui for verification."

The branch office should keep its finances and cash separate. Cash should be handed over monthly, and the company should handle the accounting. Any expenses should be transferred from here. Is that acceptable?

Chen Hui thought for a moment and said, "The front is fine. As for the back, his daily expenses can be invoiced and then cashed at headquarters. There's no need to transfer money back and forth."

Besides, you can't completely withhold authority. Cut it down: branch managers get 50,000, deputy managers get 30,000, but the money must all come from headquarters. That's about right.

Xiao Wei said, "Then let's not talk about the quota. The plan must be reported, all invoices issued by the finance department must be processed by headquarters, and all expenses must be endorsed by the finance department, or by a vice president or higher. Is that okay?"

Chen Hui said, "Pretty much. In essence, it's just that the money wasn't collected; it's all in the accounts of the various companies, and there aren't any checks and balances. As a result, their internal use has become a loophole. Collecting the money would solve the problem."

Xiao Wei said, "Damn, that scared me to death. From now on, all company accounts will be frozen, and we'll all use the head office account to save the hassle of transferring funds back and forth."

Chen Hui said, "This matter still needs to be decided by Geng Hui. We don't know much about financial matters. Let Geng Hui and Aunt Wang see how to handle it. Actually, to be honest, this is because we lack experience. It's impossible to leave no trace at all. Let's make the monthly reports more detailed in the future. Right now, just reporting expenses and income is too general."

As a result, the two went to ask Geng Hui, and Geng Hui knew the answer.

Geng Hui said, "Are you two stupid or am I stupid? If I didn't know about so much money, why would I be working in finance? I might as well jump off a building."

Chen Hui said, "Why didn't you say that before?"

Geng Hui said, "I didn't know you two didn't even know this. It's normal for stores to expand; I would naturally assume you two were aware of this. Besides, each store doesn't require a large amount of capital, and the shopping mall and property management have communication with each other. Aren't the properties handed over to the property management company for management after they're bought?"

The two men went to find Huang Laowu, who stared at them with wide eyes: "You two don't know?"

"This is ridiculous! We negotiated the location with the shopping mall, set the price, and took over the project. The finance department paid us. How could I have known that you two didn't know? I have the records here. The property contracts and documents are all kept in the office. We all use the company's standardized contracts."

Chen Hui said to Xiao Wei, "I feel like we're acting like idiots."

(This story is a true story; company management is really not that simple.)

(End of this chapter)