Setting Up Prosperity for your Arbonne Business!
If you are an Arbonne consultant, then this post is for you. We have been working with a few Arbonne area managers in order to better understand how the Arbonne business works. We have come up with the following ideas to set up your envelopes and categories as well as inputting your commission checks for your Arbonne business. Here are some examples to help you get started in Prosperity:
The Profit Envelope: use for depositing commission checks by using the fill it feature to fill up your budget and also use when purchasing stock inventory and Personal Use product. Therefore, we recommend you add the following expense categories associated with the profit envelope:
1. Inventory Stock
2. Personal Use
Flow Through Envelope: use when you buy product on your credit card for a customer or consultant and they need to reimburse you by check or cash. We added 2 categories to separate these out:
1. Inventory Purchased by Customer
2. Inventory Purchased by Consultant
Product Samples Envelope: use for money spent on ordering samples and this has a one-to-one association with a product samples category.
Here’s an example of how this might be used if you placed an Arbonne order that included Inventory Stock, Personal Use, Inventory Purchased by a Customer, and Product Samples. This would be a split SPEND transaction.
Total order $500 would be split out this way
Envelope: Profit
Category: Inventory Stock
Amount: $200
Envelope: Profit
Category: Personal Use
Amount: $50
Envelope: Flow Through
Category: Inventory Purchased by Customer
Amount: $200
Envelope: Product Samples
Category: Product Samples
Amount: $50
This way the flow through envelope would show money OWED to you by a customer. We of course recommend using the memo line for details such as customer names and amounts owed.
Please give the above a shot and see how it feels to you. We would love your feedback as we get more familiar with the Arbonne business. We are thrilled to be part of the Arbonne community now and want to serve you to the best of our ability.
Here’s the other envelope and category examples for you to consider:
Envelope: Company Car
Categories: Parking, Transportation, Car Payment, Car Gas
Envelope: Gifts
Categories: Gifts for Clients, Consultant Incentives
Envelope: Meals & Entertainment
Categories: Meals & Entertainment, Out of Town Meals
Envelope: Office Supplies
Categories: Toner/Ink, Paper, Other Office Supplies
Envelope: Outside Services
Categories: Accountant Tax Prep, Arbonne Website, Prosperity App, Copies/Printing, Oprius Contact Service
Envelope: Phone & Internet
Categories: Cell Phone, Office Phone, Internet
Envelope: Postage
Categories: Postage
Envelope: Seminars/Classes
Categories: Education, Events, NTC
Envelope: Travel
Categories: Airfare, Hotel
If you have other ideas or questions, please contact us at support@prosperityapp.com
