12 



The Florists' Review 



Junk 7, 1917. 



Addison J. McNutt. 



on the items. The customers' accounts 

 are posted in the ledger the following 

 morning. Each customer is represented 

 by a separate ledger card. The charge 

 or credit is entered and the card is put 

 back in the drawer which is used for a 

 file. 



While debits and credits are being 

 posted in the ledger (they are posted on 

 separate runs), the amounts are accumu- 

 lating in the machine, so that when the 

 posting is finished totals for both the 

 charges and credits for the day are ob- 

 tained. By comparing the totals in 

 the machine with the sum of the 



amounts on the sales slips and credit 

 slips, which were obtained the evening 

 before, a dependable proof of posting 

 is secured. 



The Accounting System. 



A. J. McNutt has an interesting 

 form of cash and expense distribution 

 sheet, which is shown in the accompany- 

 ing illustration. Every item of expense 

 for the upkeep and maintenance of the 

 store and greenhouse is entered in col- 

 umns under the proper heading. The 

 number of the check paying the expense 

 and the date also are kept. 



Totals of all the different items may 

 be had at any time, so, that Mr. McNutt 

 can tell the exact amount of each item 

 for any particular month or for the en- 

 tire season. 



The totals of all the credit items also 

 are entered every day. Running totals 

 of these amounts are carried, so that he 

 knows the exact amount of cash re- 

 ceived on account, cash sales and charge 

 sales for any period of time. 



The firm's statements are mailed on 

 tlie first of the month. Duplicates of 

 the sales slips for each customer are 

 stapled to the back of the statement, 

 like a bank's return of canceled checks. 

 The statements are the first to get into 

 the customers' hands at the beginning 

 of the new month, wliieh gives them a 

 greater pulling power. The statement 

 is made out directly from the ledger 

 card, only the unpaid, unchecked items 

 being listed. The correct total is 

 printed at the bottom as soon as all the 

 items are listed. 



Accuracy Makes for Success. 



Keeping books is considerable of a 

 mystery to many florists. If account- 

 ing is not a mystery, it is a bore, or at 

 best a tedious task. But it is of jjrime 

 importance if tlie business is to be a 

 success. Many a florist, continuing his 

 daily activities firm in the belief that 

 he is earning profits, suddenly has found 

 himself near the rocks of bankruptcy 

 because of ignorance of the real condi- 

 tion of his affairs. 



There is no chance tliat the absence 

 of accuracy in bookkeeping will ever 

 be a cause for tlie failure of A. J. Mc- 

 Nutt. As has been explained, there is 

 no day upon which he cannot at once 

 tell the financial condition of his busi- 

 ness. 



Many things enter into the success or 

 failure of a florist. An accurate set of 

 books will not, alone, make a success. 

 But it will help to no small degree. Mr. 

 McNutt has found this to be the case^ 

 and his discovery is not original by any 

 means. 



PERSONAL PROPERTY. 



I am writing you in regard to a few 

 legal questions which have been puz- 



Range of Greenhouses of the C. W. Crouch Co., Knoxville, Tenn. 



