PMJ OnSite-20260413_101717-Meeting Recording

0:34

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So this is the high level project plan which we have prepared and submit with you. So to environment readiness, this is almost done. We are still working on the commerce side.

0:52

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So that is still in progress. So we are now here on the business process modeling session. So we are here for understanding your own business requirements to fill up two templates, which we have.

1:10

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

understand the integrations the kind of development we will be doing during the projects and then from there we'll go back and configure the system as per your requirement as per your data sets so then again we'll come back and we'll do the activate workshop

1:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So in Activate Workshop, we will be showing you the system with all possible business scenarios. So whatever scenarios you have from part of sale, from back office inventory, etc. We will be, you know, having a detailed section in system will be showcasing you all system processes with the reports available.

1:45

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And then from there we will be taking a note from the gaps. So we will show you the let's say process for the tagging or for the purchases. Now if there is any gap which you are doing and which is not available in the business, we will take note of that gap and then we will suggest your solution around those gaps. So outcome of this workshop will be our feedback document.

2:10

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So then in parallel to that, we will be giving you the templates for compiling your master dataset. Your customer, master, your vendor, product, categories, attributes, pricing, making, etc. So all those templates you need to start from May onwards. While we were going to be in the activate session, we'll start working on this data compilation.

2:34

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So then comes the design phase where we'll be writing the functional design document as per the fit gap. Let's say you know we identified 100 gaps. Now out of those 100 gaps, let's say we identified

2:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

by 50 gaps as must have which needs to be part of the solution in the phase one so for those gaps and we don't have any workaround available for those gaps so we'll be designing the document we'll be designing the solution so we'll write the functional design document we'll share those documents with you you all have to review it and give us the acknowledgement that whatever solution we are proposing you're okay with that and then the actual development will start

3:11

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

And so here is the designing phase. So just give the overview about the solution, how the market for things, and where, how we are continuing, what is available there, what are the jewelry, that's it. Let me just finish the short line and then I'll come to the overview of the application.

3:39

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So then in parallel to the design, we'll start the development as well. So see few steps which we already know, like your integration, which are, you are already part of the solution, you might need to write from this branch. So those documentation, those designing will start immediately in parallel to the activate workshops. So development related to those, those development integration will also start in parallel.

4:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

immediately after the activate workshop. Whereas the gap identified with the solution, with the point of sale, will start somewhere around May and or June starting. Then comes our UAD preparations. So somewhere in the August, first week of August, we'll start working on the UAD preparation, where whatever data set you have prepared in this phase needs to be evaluated and uploaded into a UAD server.

4:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Then one round of tests will be performed by RT before proceeding with the UAD. And once this is done, again we need to re-click, we need to perform the user acceptance testing. So there we would need actual data sets from your side, all scenarios, your related parcel etc. Whatever you are doing currently right now, we might take you.

5:00

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

one month's data and with that we'll start performing the uat scenario so we don't want uat to be done on the hypothetical scenarios like this could be the case or this can be the case so better whatever you are doing maybe you know past one month of data would be sufficient enough to perform the uat then once the uat is done acknowledge signed off we'll start working on the goal and preparation

5:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We need to again raise requests to the Microsoft for releasing the instances. Then that's again two to three weeks of activity. There are a lot of back and forth happens with the Microsoft. And in parallel to that, we need to redefine this master. Whatever master with which we work on the UAT, same master we need to redefine and port into the production instance.

5:54

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So once this is done, then you go like, which would be in this December. So this is the overall plan. So any, any question, please. So I think.

6:17

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So there are other members which should be involved in this project and you will be meeting them in person during the active workshop. So Asna will be assisting Simran on the retail side. Then Deepak will be assisting again Simran on the retail. Then Deksha also on the retail. Whereas Shivshan will be assisting Ayush on finance and Manish on the SCM side. And then the tech team involved but again a partner.

6:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

From these team members, there will be lot many others involved in development. And Sathip will also be part of the product management team assisting me and Satyam. So now coming back to the overall solution. So the application I think we all know where we are talking about is Microsoft D365 Finance and Operation. So we sometimes call this as D365. Sometimes we will hear us saying it M365, sometimes only D. Okay, so it is same D365.

7:17

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So, it is completely cloud-based, hosted on Microsoft Azure. So, this application has two parts. One is back-office, another is point-office. So, both applications are integrated with each other. So, the technology which is being used for pulling-pushing data within the application is called as CDX, in-commerce data exchange. Both are hosted only Azure itself. So, it is completely managed by Microsoft.

7:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We used to get the upgrades very regularly. Every quarter we used to get the upgrade from the Microsoft, but we usually upgrade our systems twice a year kind of. So there is an option we can pause one upgrade, but the every alternate upgrade we need to take it as a mandate.

8:04

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So, you will find application will be upgrading every six months, almost every six months. There is already a calendar published by the Microsoft when the version will come and when we have to take that. So, the application, I'll just open them. So, I'll just take you through the application, the overview. So, since business says this, any browser you can use to open the application, any device.

8:41

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

on mobile we can open this on our tabs on laptops and the UI is responsible in nature the moment you choose your device or at least three minutes adjusted body so this is the landing page of the application whenever we are opening for the very first time you all will be landed on this screen now

9:29

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So this screen is basically contains a lot of other apps which will take us to the other applications with the workspaces. Now on workspaces we have embedded Power BI embedded dashboards.

9:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Open any of the workspace, it will give us a quick insight into the application. There will be a lot of tiles representing some information. For example, if I go to the same, it will show me the number of sales order opens, order process, protection rates, etc.

10:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

the moment we click on to that time it will take us to the module from where the data is so we can go to the recordable readings so this has been uh there's been you know co-violet the mic for co-violet embedded with this application now what co-violet is doing here which is the version one as of now

10:33

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

is just summarizing the information. So in whichever screen you will find the co-pilot. Let's say if I go to the purchase order on top, the co-pilot will show me the summary of the document which I have opened. So here we can see. So this is related to the sync, sync between the back office and the point of sync. So how many packages, the data packages have been downloaded, how many have been applied, etc.

11:02

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Failed during last 24 hours. Let's say if there is any count here, if I click on this tile, it will take me to the list where I can see which all packages have been failed. Then performance, how many files has been uploaded, what is the time for that. So this is more or less only admin side.

11:35

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So this is again the tile for the bank management. By banks, the tile has automatically been configured. Now, the entire screen is configured. What does that mean? If we need some more information to be displayed on the screen, it can be done without doing any customization. If we don't need any of the tile, any of the dashboard, that can also be removed from the screen. So this is one of the view. Just scroll down.

12:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Some information graphically represented here. So there is no data. It just comes in. That's the reason. So this is how this workspace work. Let's go back. Let's go back to the second time. So here you can see two icons.

12:46

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So this is for the settings. Dozer can do a lot of personalization on their screen. They can change the look and face of the screen. They can choose any theme, uh, language setting, daytime formats, et cetera. They can change from here, from the setting button. So color theme size, the font they want to use, showing the preferences.

13:31

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So, uh, by default user can set a default legal entity, whenever the user logs into the application, it will take them to the, uh, to that defined legal entity. Then the initial page, whenever I'm opening the application system should take me to the purchase order screen. So they can see here. Then there are other personalizations also available on this screen. Go to the accounts.

13:54

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so emails delegations etc all these can be defined here so let's say there's been a workflow where i has been set as a approval now if i am going on a leave i want foreign delegations to be done to the ios so i need just need to come to this tab

14:13

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Then I need to just define the delegation. So during that period, whichever the document needs, my approval will automatically go to Ayush. But user can do it. So I need to do that. So if I'm the approval, I need to take Ayush as a developer. So then there's one more interesting option available on the setting tab is task recorder. So if we need to record a task, we need to create some document or some video.

14:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so i need to enable the task recording this will be very useful for making up the uh manual manual manual for the end users so you can start the recording perform tasks

15:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and the recordings it will give you a video a document and also a video recording for that which can be shared then further can be edited just go back then here is your legal entity so if you need to you know switch between the entities you can click on this button it will show you the list of entities available you can choose which entity you need to work on then there is an office icon

15:31

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Obviously.

15:36

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So this application has a very native integration with all Microsoft applications, Microsoft Word, Excel, etc. So we can download any information which is available on the screen on click of a button. Even there are add-ins available within the Microsoft Excel using which we can do a data entry as well. So I can create a document in the Excel, press that add-in button, it will be.

16:04

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

automatically push to d365 so on that side so this is your home screen you can tag your favorite menu items reports transactional masters form so that you don't need to navigate to the actual module you can set those under your favorite and you can navigate from there

16:28

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Then recent system automatically keep moving the menu items which were frequently recently opening. Those automatically gets grouped under the recent. Then these are the workspaces. So the home screen, this is the model for that. Now all these are role based. Whichever role you're docking with, only those workspaces will be available. And then we have the list of modules.

16:55

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So we will come to these models in detail when we actually will get into the activities. So this is a very high level about the application. Anything you want to ask? Yeah. So similarly, for rating deal also, we have a url. If you open that url, it will open up the port of sale app. So this is the agenda for next five to six days.

17:23

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, we'll be starting with the org structure. So, org structure is very important for setting up the system. So, org structure is responsible for defining the financial dimensions, defining the reporting hierarchy. So, we'll be taking up that org structure immediately after we end up all these introductions. Then we'll discuss the material master, the attribute related to that, customer vendor, tag and pricing today.

17:53

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Tomorrow we'll be having discussion on the SCM policy. So we have shared one document with you, the questionnaire on the SCM as well as the retail side. So we have certain doubts and foreign questions to us. So we'll discuss those documents tomorrow, first or second after. Then the retail policy, if time permits, we'll do it tomorrow, else we'll just take it day after tomorrow.

18:17

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

And then from 15th, we'll be discussing the finance related thing. Your chart of account, taxation, financial dimension, your reporting, financial reporting, etc. So if required, we can add this session in parallel to this session from 15th onward. So today and tomorrow, we'll be having all these discussions in a common group. And then from 15th, Finance Ayush can have a separate session.

18:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

then tech setup is done finance reports then comes the integration so whatever integrations we have in spoke we need to discuss those integrations touch points related to that and if there is any you know policies controls we need to build and discuss those and do it

19:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Then discussion on the APR GL module, which will be part of the final study. Inventory journals, the various journals, your posting, inventory journals, financial journals, etc. All those will be taken up by the IOSH in the finals. Then again, the remaining integrations, whatever integrations we have already listed, those will be discussed. And then

19:36

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

on the U.S. entity. We know as of now the taxation is going to be completely different in U.S. But apart from taxation, if something else is also different as a process, we will discuss that during this session. And then last, if we have any queries or concerns to this. So this is how, you know, we have charted the agenda for next.

20:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

five to six days. We can start with the hour section. Anything you want to discuss or anything, any change on the plan you want? Yeah. So we have shared this document already with people. If you have invited people, a holiday link. From that, if any comments, if any doubts, that will admit the session may go prolonged or roughly shorter, then that can be addressed.

20:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

okay so as uh we mentioned we will be starting with the business model workshop and the first agenda of the business workshop is to get the august structure right whatever your organization structure is whatever the reporting hierarchies are whatever the dimensions in which you are currently operating okay so dimensions just include the cost centers profit centers business units like that okay

21:05

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So as we already know, you are going to be a part of, uh, us and you are going to actually establish an entity in USA. So we already listed out your two entities. The one is PMJ and the other one is us legal entity. Okay. So we will just.

21:53

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Okay. So if the pen is different, it means you have different. So how many domestic legal entities are there?

22:28

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Only the product category will feel different. And what about these stores then? So in your store, we have those, those SQs with us. So in, in one single store, if somebody buys, no, single name wise. So only Evolve, Evolve is having a different store. But the other, same store, we have keeping these with the data.

23:06

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

GSP numbers are different. So different invoices. Yes. Everything will be different.

23:27

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, what about the bidding point of the other? Bills will be also different. Yes. So, if that's not picked up, two products on two different company builds within the store itself. So, two bills needs to be paid. Right? So, in the store, yes. So, in the store, yes. So, in the store, yes. So, in the store, yes. So, in the store, yes. So, in the store, yes. So, in the store, yes.

24:04

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes. So just give me the names of the entities. So first would be the PMJ jewels, private limited. And what would be the second and third? So we will not spend more time on that.

24:25

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

you want yes

25:02

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So the entire procurement happens with this company and then it will transfer for that company for the idea of selling it. So purchase is not centralized. Means for PM agents, there is a transition. And for the goal in Mutubak, within the idea of selling it. These all things are private.

25:31

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and so are we preparing okay so are we consolidating our balance sheets all the balance sheets will be different so is there a requirement of looking at a consolidated balance sheet as well of course all will have their own balance sheets but you know maybe at the end of the financial year the growth level consolidation is required

26:31

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And what would the head office of these entities? Okay. So, uh, are we doing in house manufacturing as well in which entity in all of them?

26:57

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

and other legal entity do we have in-house manufacturing and for PMJ itself in-house manufacturing existing Hyderabad only and in other and in Hyderabad so so I know it's not applicable to you just so that we are on the same page for essentially accounting do we have segments do are we reporting on segments

27:45

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So are we doing segment accounting as per India? So I know you, you are not doing so. Sure. Okay. So how many GST and, uh, are we holding in the name of PMJ under PMJ pen only one in Hyderabad?

28:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We don't have a statewide different GSTNs. So the number of GSTNs we are holding under PMJ's pen. So as we know, you are operating in multiple states in India. So are we doing branch accounting?

29:04

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

When we are doing branch accounting by default, we are preparing branch wise trial balances and then we will be having a legal entity wise trial balances. So for a particular branch, we are reporting separately separately.

29:48

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

That is branch accounting.

29:58

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

The one is here.

30:32

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Meanwhile, what is your inventory valuation method? What is the inventory valuation method? Are we valuing our inventory on weighted average in all the entities?

31:01

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Is there any sale purchase between entities between PMJ, Evolve?

31:30

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So even in, in between branch, you are doing transfer at transfer price. And even in between the companies, you are doing sale and purchase on a surplus amount. Cost plus some margin. There is a agreement. So the agreement would be by default cost plus a margin. Okay. So in between your sites, how would you define this margin? How would you define the transfer price?

32:13

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes, for stock transfer. Some percentage is there.

32:55

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Okay, so it is not cost price. So it is today's price plus mark.

33:15

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So in your current system, do you have this mechanical modeling built for your family?

33:44

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

yeah

34:13

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So coming on to the U.S. entity, what would be the name of the U.S. entity?

34:37

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

What is the location of your head office in USA? New York.

35:08

S… Speaker 4 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

35:28

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We just noted on all these and then we can discuss it.

36:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Yeah. So, uh, so this, so first question would be, so are we doing any segment, uh, reporting according to India? So how many GSTL are we holding in the PMJ span? 12.

36:28

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

and under, uh, other legal entities evolve PMJ monograph. How many GSTNs are there? We have two states. We have one. One. Okay. What else? PMJ monograph.

37:04

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I think we have for legal intelligence. So we have consolidated. Yeah, we do that. But we don't, we don't exist. We don't excel. Because holding companies, but step-down holding is about the end of this.

37:37

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

in our company and concept and what I'm saying is PMJ is the second substandard company and below that we have T-ball and other two entities for that. Those three entities are there. What's the question?

37:53

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We only understood you have these many legal entities. PMJ, Gems and Jewels, Igol, Monograph and P Manokarala. Yes. Is there any other entity apart from India? No, no, that's not fair. In this, we have, in ERP we are not doing, but we have outside ERP. We have maintaining talent. Those entities are there.

38:15

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We do. What is the purpose of those? I mean, what exactly are you doing there? We hardly have any transition back. For example, P&J Suns is there. That's the only company of Gels. It doesn't have any transition. So we are not going in DRP as of now. Okay. So we have other companies like Pellasone is there. Pellasone is there. Which one? Pellasone is there. That is what we have in the... But we have an alternative. DRP is there.

38:45

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, we are just writing it for the sake of discussion, we will remove it if not required in the IP. Now, we have five entities here. Now, which entities? So, of course, all these entities will have their own trial, their own balance sheet. Now, when it comes to the consolidation, which all entities gets consolidated with which all other entities?

39:13

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Monograph is not that monograph, it will not consolidate. It will not consolidate. Okay. So these three-week graphs, consolidate in suns. Suns. Yes. And do you want this consolidation in D365? No. I love it. Perfect.

39:29

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

So then apart from this

39:50

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

The main focus will be currently on PMJ. PMJ. This is all same replica of the other three companies in the US.

40:01

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So even consolidation with U.S. entities required is poor. U.S. actually is a substitute of the Gems. So who is the Gems, Evolve, Monograph and U.S.?

40:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

This is one of the ingredients. That will not happen.

40:46

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you very much.

41:11

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

That's it. This is something which can be later stated. Even after going live, we can know the consolidation.

41:45

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So the next three is, are we preparing GST and vice panel for a statutory accounting? Yes.

41:52

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

for all the entities, right? We are working in five states actually. We are active in five states. So what I do want is, I am giving GST input state-wise and input-output example. In API, I get three output and three input ledgers so that the balance should match with my GST.

42:21

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so uh are we preparing gst invoice balance sheet as well yes okay so coming on to the next question which is are you doing branch accounting yes so if we uh borrow cash if we pay cash to our another branch so we are

42:55

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So all the transactions are routed through head office. Right now the parking will be my HO from HO it will go to another branch. So inter branch is not.

43:15

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, I have given you the installment online. So, online is which bank will park in HO. So, as soon as you get my amount in HO, you are transferring that amount to Mumbai also. Yes, in Mumbai, Illinois. And no, no, once I park that in my HO comes from here, I will transfer that amount to Mumbai.

43:39

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

And now with that scheme, I am going, I am coming into Andhra Pradesh and buying something. That can be knock off. Now, as of now, the thing is, they are agreeing that Mumbai amount is been adding to come to HO and go to ABIC. So suppose you are going to Mumbai and you take some interest, so you are targeting ABIC, your head office also. So that it is, now money has come to HO.

44:06

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I am creating this and debiting it to my branch. Now what you are saying is the customer comes to AP branch and he wants to purchase. What we will do? We will create the Mumbai, we will debit the HO and again we will create the HO and debit AP. From here the transaction happens. The thing is the looping point is HO. Because I cannot transfer branch to branch.

44:42

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and you take some interest from Mumbai in that case so actually Mumbai books they are debiting to HO and you are moving that through JB's so that need to be

45:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

how you will automate that and you need to know the process how you are doing. So then we can do it. Just let me know the process because as of now the system is passing through JPSO. So the thing is, one of the things you pass two things, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, automated backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is an existing process, in backend backend is

45:40

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

And this inter branch accounting are routed through HO for all the entities. So the branch wise trial balance is there. We are preparing the branch wise trial balance.

46:06

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Each store is a profit unit. Yes. So in Hyderabad, maybe 8-10 stores. I can visit any store. So I can give advance in any store. I can touch it. Every time you are moving that amount with branch accounting JV, I don't know.

46:39

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Because front-end I passed only one-end. Back-end system not had to pass the second-end. So, suppose I am visiting four stores. So, which is my primary branch where you are talking about the amount? It's about the first amount where you are depositing. That might become my primary branch. That is the primary branch. Okay, in future whatever transaction I am doing from anywhere is...

47:11

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Now as an end user, I know, he knows what amount is sitting in AP. No, I mean, he will just pass one entry from AP to Thelanana. AP to Thelanana is different, but in AP, I have 20 branches. So, within the branch also, we are doing that branch.

47:40

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We need to know the cost of the expected store, what exactly we have. We have the list of that. We do maintenance.

48:02

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

location-wise. So one trial for the HO and then other trial for the branches. That's what you're trying to say. Now that you are dumping for tepid, you know, fixture sets. Yeah, fixture sets. Fixer sets, wearable, you're practicing the fixture sets, wearable spark, dumping capital and zinth in that case. But what about the common fixtures? Common fixtures. That doesn't get allocated to the branches.

48:37

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

With grant account paying, automatic, but it was automatic, we are at least asking. Detail for each kind of entries like funding point, funding point, gift vouchers, or everything we are passing, there was an interest. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no

49:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Because suppose, Harvey came to one of my store, he has even something, or probably he has deported, which had something that he had once someone placed with me. Whenever, if you want to buy it from any other store, what will happen? My sister will ask one more thing. First, we need to knock off. But the moment we will do the perfect deal, and we will do this, automatically from the back end, JV will pass. And then it's time. Whatever amount is there, it will be passed, and it will be transferred to the particular.

49:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And from there, it will be wrong. And right now, we don't have that, but those all teachers will be able to do it. How we need to do it, what is the best practices that we will discuss. But right now, what we are doing currently, because right now we don't have that points and all, loyalty points and all in the system, but we won't.

50:01

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So just a thought, what if we don't do the branch accounting? What if we don't? The branch accounting is exactly, you know, someone is opening up a scheme in one branch and then paying the other EMIs to take separate branches, then that JV which is happening in the vaccine, what if we don't do that? How do you knock off the example?

50:37

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So branch level PNL, what if we don't make the branch level PNL? PNL of course will be there. What if they don't make the triangle balance sheet at branch level? PNL of course will get it 100%.

50:55

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Liability, buyer branches, assets, buyer branches, etc. What if we don't get it from this? Which reporting? Distribution companies we have seen earlier, 10 years ago. But for a decade, nobody is doing the branch accounting. Distribution company also. In retail, we have not seen any. TV will come. Not financially. TV will come.

51:25

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

It will be there, but if you want to see those asset or liabilities account, you will not... So PML, you will get branch-wise. Tribals, you will get branch-wise. But normally in retail, customer is not contained branch-wise. Nobody is passing those transfers.

52:01

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

What you want to say is we have TV and location-wise, we have a P&O location-wise, balance sheet we don't have to say. Yes. That's fine. Because as of no balance sheet, there is any problem. The TV is only expecting from the respective branches.

52:45

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So right now companies are not passing those voucher in advance TVs.

52:53

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Nobody is passing those vouchers. So how will you not know? Because one branch will be there and asset set will be there. How will you not know about the interest? So liability assets will not look at branch level. Liability assets, PB, balance, it is at company level. Only its profit flow statement at branch level. And how will you, what I am saying here, why I am saving it?

53:22

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

This is Jubilee branch. I sold 10 lakhs worth goods. So same position as well, advanced in this also. In example, you might not have advanced in 10 lakhs. So what do you think is 10 lakhs there and 10 lakhs there to be the right type of? No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no. So if you have to, I have even advanced in Ithnagar and I am purchasing from Jubilee Hills.

53:46

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I can knock off that advance also. So whenever I am generating a ledger of Suresh, it is generating all our idea-wise. Single, single ledger. It is not generating branch-wise ledger. So it is knocking off all those entries. But it is not passing a voucher from Iran. It is not passing that value.

54:15

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

It will be shown 10 lakhs receivable from one branch and payable from other banks. You will not get this information by that's what we are saying.

54:48

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We will discuss about that.

55:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I experienced, you know, companies used to do this branch accounting, but no one does that. And if I talk about jewelry and specifically, none of our time is doing that. We'll discuss that. And with this system, automatically keep passing lot of countries in the backend. Whenever I am doing any enterprise thing, you know, automatically JVs get passed into this system, which we don't.

55:34

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So what are the number of branches that is under PMJ?

55:59

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And under E-Val, two. And you also have one WET registration number in USA? Yes. So for reporting purpose, we will define the business units. So those stores we will consider as business units.

56:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Okay. And then under those business unit, what are the cost centers you are having? Okay. So suppose each store is a profit center and under those stores, there are some cost centers, which are ensuring the cost is, but not generating any revenues. So we would need the list of those. Okay. Suppose your head office have admin department.

57:00

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so admin department is a cost center it's just an example you can have the cost center in your nomenclature so we would need your list of cost centers a list of profit centers and obviously the list of stores as well

57:24

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

okay so we have to prepare this sheet for management accounting so what are the stores that you are having so we would need the list of all the names of the stores and under if you are having the hr department on each store or you are having a central hr department so like this we will need the list of cost centers as well so apart from cost center profit center and business unit if you are reporting your

57:54

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

PNL in any other dimensions. Suppose you are, uh, uh, you are management Lee, uh, need to view the profit and loss statewide. So state is in a dimension in which you are doing management reporting. So like that, if you are doing any kind of management reporting in any dimension, we would, uh, require the list of those as well. Okay. Then the sales analysis, obviously you are.

58:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

are doing the sales metal wise sales analysis brand wise sales analysis so what are the dimensions in which you are doing sales analysis if you have some examples as of now please in which dimensions you are doing sales analysis are you doing diamond and gold these are metal wise metal and stone wise sales analysis

59:16

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign design

59:22

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes, yes,

59:54

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I don't know what happened to me. I don't know.

1:00:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We can define the targets by store by salesperson. The system compares the actuals and we have one simple formula. But if you have something else, then that gives you the system.

1:00:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Oh,

1:01:13

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

but price point by sales so that means we are saying they put a price point kind of attribute on all ornaments all of this now that price point

1:01:35

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:01:55

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Yeah,

1:02:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

that's okay you will come to know that same

1:02:59

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:03:32

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

the entire objective of this workshop is to understand what you are doing and then to see if this is still relevant to have in this system.

1:03:48

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

just to understand

1:04:54

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes

1:05:01

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Currently, there is a 30-40 column report of CLS. In that report, whatever permutation combinations, how we want to see it, we are making it right. There is no proper guideline that we are analyzing it. Based on our assumption, based on our thoughts, we are making it, adding it in the test.

1:05:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

But there is a fixed 40 column, 45 column report which is there. It covers everything. Almost everything related to sales only. No previous history of that key order, customer order and all that is not there. But who actually will get it from there? Who will go back? But that 40 column report is fixed for us.

1:05:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

From that, we are checking out the data, how we want to see it, and we are making the Excel templates. That structure will give it to you. These 10 parameters are there. In this way, we will analyze and we need to keep adding on it.

1:06:21

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:06:46

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

This is a diamond product or it is a gold product.

1:07:15

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

No, no, I don't know how much we can do this thing. One thing is, say it's the word without the meaning, not just compelling. No say it's the word without the meaning. Say it's the word without the meaning. Say it's the word without the meaning.

1:07:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

okay in reports from back end we need sales product wise product line wise we need in reports as of as far as

1:07:51

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

you

1:08:09

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We don't differentiate how much is my online, how much is my online. A location we created, through that location we are making an invoice. So what we consider here locations is so much sale, why we are trading it as online. There is no linkage between how much is paid.

1:08:28

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So now, let's say going forward if you get that segregation in system now, do you want to see that segregation in chart up account like branch by this and how much of a clipcard. Now I've got your point here, how much of a retail, how much of a manufacturing, how much of a invoice made in my chart up account.

1:08:58

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Oh,

1:09:31

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes.

1:09:49

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:10:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We cannot focus. And one more thing, I think I'll comment in the interview also.

1:10:06

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Coming to vendor place, I mean, vendor also back in north of TBS. Of course. Because what we do in Sana everything, we improve our business model. Kisi me bender subredge. Subredge. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Telly me. Tell

1:10:54

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So the next thing is,

1:10:58

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

contribution margin analysis the NRB analysis are you doing the contribution margin analysis as well so suppose you are doing in-house manufacturing for a particular product so you want to see what is my contribution margin in this

1:11:23

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so what are the dimensions that are going to be a part of contribution marginalizes suppose we want the contribution margin as product categories for example so we are doing in-house manufacturing of gold as well as silver we are

1:11:41

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

creating rings, bangles, et cetera. So we want the product category wise contribution margin analysis. So what are the dimensions that you are going to be taken up in the contribution analysis?

1:12:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes, yes

1:12:27

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We have this system. Vendor wise will come in this contribution margin analysis. Sales analysis will have more to do. There also we have the pacification.

1:13:29

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So what do we need in this?

1:13:33

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so how many stores are there the list of those stores and then call so if we are if we are considering the stores as the profit center then that is okay if we have a separate definition of a profit center so suppose under a store there are two profit centers then bifurcation of those and if we have a separate cost centers under a store then bifurcation of those as well we need that list from you

1:14:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Brand we have discussed how many brands will you have under PMB?

1:14:42

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

it is a

1:15:03

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and products are classified as products which comes under solitaire stories does not product your brand different product line different

1:15:42

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Oh,

1:16:17

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So like that, what are your sales channels?

1:16:51

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Now, online go further break today.

1:17:31

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

online Amazon online

1:17:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

We started.

1:17:54

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

One is the franchise, one is the exhibition also. Exhibition, whether you consider it as a detail. Shayananik. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition. Exhibition.

1:18:38

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So what will happen, of course, based on these data points, we will be configuring this and coming forward to the activate workshop. And we will be showing you where we are configured with, what is the relevance of this configuration, what are the reports you can pull by these data points.

1:18:56

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Now, after that, again, during those sessions also we will be discussing and we will be collecting feedback from you that exactly this is the list so you need some further level down. But of course, these all will be somewhere in the section.

1:19:38

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So speaking of sales channel, we discussed the door to door selling. So that comes under exhibition.

1:20:03

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Consignment sale? Consignment sale? Consignment sale? Consignment sale? Consignment sale? Consignment sale? Consignment sale? Consignment sale? Consignment sale?

1:20:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:21:27

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Yes.

1:22:12

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

export on consignment

1:22:34

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Please collect the document also, which you used to prepare.

1:22:46

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

okay so we will be sharing this stuff organization structure file with you so just please fill out the name of the dimensions and what are the values of the dimensions right now you may not be able to you know uh under us and relate with what for what purpose we are collecting at that point you will be you know in a better position to relate what are we asking why are we asking that

1:23:41

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

so basically one more thing so right now we are just discussing

1:23:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and now you can see and sessions we have called the end users, which session, which is our RGCB part. So, what exactly does that user do? These people will help you on the broader level. Some information probably think people will not be able

1:24:14

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:24:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

It is existing.

1:24:56

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So what I want to say is as of now we are preparing

1:25:00

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

in India. So, I want the charter account in that way. Yes. And from system perspective, we will suggest you what all heads. So, one is your charter account, there would be some ledgers which we would be released from the system perspective. You know, automatic accounts, etc. Even, of course, in the standard perspective, how others are doing it.

1:25:24

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

which all edges can be consolidated into one and the further slice rise of data can be taken from it. Day after tomorrow.

1:25:59

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Finance, in terms of finance being 6 years. Okay. So, I can pull the paper. So, you have already prepared one level of chart upon which we share this before the number of time. But I think from my side, I have this on broader level, on the balance sheet level, I have to do it. What all has I need?

1:26:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So below that if you need I need your info so is it fine or good to go or anything you need to add that I need information. So after this workshop, we should have at least a certain level of clear picture on chart and dimension and product master. So when they go back, they complete something and come back with the activities. So MDM is something they master.

1:26:58

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We would say that it's not a 10% or 50-60%. We need to do it. We need to do it. We need to do it. We need to do it. We need to do it. We need to do it. We need to do it. So there are lots of them. For that also we have created the current one. Option one, option two. I want the option three. Should be coming from you. These are the suggestions. These products should look like this. And then.

1:27:26

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

There will be a boardroom discussion with the people. Next we can take a go-ahead and then accordingly once these boardroom people will agree. The same way we will create the entire one and we will import in the ecosystem. And see these MPMs are going to be tracks on all these systems.

1:27:45

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

It will all be based on the SDM. Yes. I like the muscle structure, 4 dimensions. And then there's other of the processes that will, you know, keep revolving around this particular structure. Yes. So mainly these are the team members who will be going to help with that. How the data should be applied from the...

1:28:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

based on their experience and then we required raw input how the industry follows and then next we will conclude something and we will show it to the boardroom and then next the promoter or 20-20 people later decided how it needs to be so next so you said to login

1:29:04

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:29:09

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:31:32

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

thank you

1:32:20

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Hello, good morning sir.

1:32:49

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you. Thank you. Thank you.

1:33:38

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Okay.

1:34:12

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:34:53

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:35:00

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

Basically, I have understood your point. There is only a disease. So, I will talk about it once again. I will always start with you and then I will tell you about it. Okay. Okay.

1:35:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Okay, sure.

1:35:46

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

Thank you.

1:36:27

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

so so

1:36:57

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

See, because I wanted to go back and forth.

1:37:23

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign foreign

1:37:47

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:38:26

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign

1:38:56

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So, this is your environment. So, this is under your territory. You can see the environment name as PMB Dev Code. So, we have deployed so far, I think, two Dev environment, one VVD environment. So, you will find a little bit of, you know, jewelry related thing. ISP, we have already deployed. Team is working on combining and building the code. So,

1:39:24

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So for UAT environment, we will extend your access. So just share the list of users for the access to be enabled. We'll do that. So that UAT environment, you will find demo data there. So demo data is provided by the Microsoft and we install the application. So there is an option if we need to deploy the demo database as well. So in there,

1:39:52

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We always go with the demo data, whereas we do it or Sandboxes, we contribute as per your requirement.

1:40:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So first of all, I will just walk you through the chart of account structure. So how we suggest to create your chart of account that will be configured in 365. So, uh, we suggest to have some headers. So headers are fixed. These are the list of headers that we suggest. So the first header is the equity.

1:40:35

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Then comes the current liabilities to non-direct liabilities, then current assets and non-current assets. Then there are expenses and liabilities. So, we use this to give them the quotes. The one stands for equity, two stands for non-direct liabilities, three stands for current liabilities like that. Then comes the grouping. So, under equity, we have shareholders fund and reserves.

1:41:03

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Then under unorganized liabilities, we have off-down liabilities and like that as per balance sheet reporting. So groups are as per our balance sheet reporting. Then comes the subgroups. So we have shareholder point under that we have subgroups.

1:41:32

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

under that subgroups subgroups we also prefer to have as per your essentially balance sheet formats so then comes the gl codes so the gl code the later codes is the gl that is visible in the trial balance so under share capital you have equity preference equity share capital preferential capital and in the reserves and surplus you have retained any

1:42:07

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

These are your ultimate GL codes, GL names and the GL codes are created by contacting the codes of header group and subgroup. So we would suggest you to create the chart of account in this structure so that you have the bifurcation as per your balance sheet as well as PNL. And on top of that,

1:42:37

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

We strongly recommend to have a unified Charter of Account. So that means the Charter of Account should be same for all the legal entities. So whatever we are deciding for PMJ, same should be referred in for Indian legal entities. As much as we can keep it same would be recommended because tomorrow let's say if we decide for any

1:43:20

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And there could be some heads which could only be relevant, let's say for PMJ, but will not be applicable for EGOC. We will keep those heads under and we will not use it. We will block it under the legal entity.

1:43:43

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So in chart up account, we have the grouping, then we have the main account under which all the JL codes work. Then we have financial dimensions. So financial dimensions is a part of chart up account, but it does not create or duplicates our JL codes. So if we want

1:44:09

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

a particular dimensions to be a part of the chart of account, but we don't always want to look at the trial balance at that dimension. Suppose we want to state wise trial balance and we want also consolidated trial balance. So what we can do, we can create state as a dimension.

1:44:30

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

I have simplified example. Let's say you have one head for let's say rent. Okay. Now there are 40 branches for which you are paying rent. There will be one head office you are paying rent and three you are manufacturing units you are paying rent. Now if you want to see rent by location. So one option is we create 49 ledgers head and we keep booking rents under their corresponding head. That's not a viable solution. Tomorrow we'll have you know 40 more branches.

1:45:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

from creating the letters. So what we usually do, we create one ledger for rent, let's say one ledger for one, rent ledger, and then we create one dimension as location. So in your way, let's say BU. Right. So now this BU dimension will become a mandatory dimension for rent GL. That means whenever someone is entering data, debit credit into this ledger, they have to supply BU also as the input.

1:45:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So this GL we can see consolidated. If we want to slice at location, we can do that.

1:45:49

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

I may skip any rent. So that we are doing now. So that, so that's the, that's the significance of dimensions. So one of the, uh, one of the complicated examples is maybe dimension, like impressed account, you have to attach employee expenses, you have to attach employee staff welfare, you can attach employee. So you have single, single PNL.

1:46:20

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

account expense account like star welfare or mobile expenses or interest account or all these advances and you have a single dimension employee which can be attached to all these kind of gm2 so you can see see we have as of now we have three dimensions you can say now one is required for example the employee has been they have miscreased and totally like that one is required only now

1:47:01

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

So under one employee account only you want to map dimensions you want to.

1:47:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged. Employee will be damaged.

1:47:27

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So at a period end, you can see, okay. Employee wise. Okay. What is the expenses, uh, training expenses? Employee wise. I know what we see. All the, those are recovery. So single dimension can be attached to multiple deals.

1:47:48

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

I want to know the amounts of all the employees. Yes. Yes. Yes. So, if, if some, you want to terminate some employee, your employee wants to leave the dimension. So, employee wise, you can generate a single ledger where all the years will fall and you will say, okay, this is the net balance of that employee.

1:48:18

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

so in your case so far we have identified need of three dimensions one is the first view which is your locations second is channel sales and that will be only applicable for your sales discounts leisure and third is employee department also you need expense analysis by departments

1:48:54

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So the department also will be in the photo amateur. Anything else you can you can feel? No, you can teach this. I will just discuss with the manual and anything else you will have. Okay. So location is a product line. Business unit. So business unit. They will be kept as location, can be kept as location.

1:49:28

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Because this is completely something which we need to go on. Because if you say name should it be you, we can write to you.

1:49:52

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

That doesn't make any, you know, value decision. And name shouldn't be name, you know.

1:50:15

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So after you review it, you came to my life. These are the eight dimensions that we are going to get into the system. Then what is our next task is to create an account structure.

1:50:35

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So like that we have to create an account structure. So for sales, we want to keep business unit, employee department, all the dimension quantity for expenses because just want to create a business unit as mandatory. So like that we have to configure an account structure as well into the system.

1:51:01

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

going to book and entry, suppose sales or even in JP users are going to book. So system will look onto the rules that we have defined in the account structure and based on that system will ask the selected dimensions that we have made mandatory for that particular job. So just let me show you how the account structure looks into D365.

1:51:34

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So under chart of account, we have the chart of account here, all the ledgers, ledger codes are there. So it is just an example, all the ledger codes are there and on each and every ledger code, the main account pedigree is mapped. So the main account pedigree we can keep as per our known ledger. So as we have already prepared a chart of account in which we have given a subgroup. So we can trade this subgroup.

1:52:06

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

as main account category. So that if you want to see the drive balance at main account category level, we can fetch that out. Then under chart of accounts, we have dimensions. So we can create financial dimensions as per our business requirement and each and every dimension we can create the dimension values. So whatever the number of our business unit.

1:52:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So what we recommend in the financial dimension values to maintain the coding. So that will allow us to maintain our chart of account structure. So suppose we have 45 business in it and we have the list of the names of business in it. We would request it to also create our codes.

1:53:19

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

I don't know, you can say, you please say, JVI is a 4-4-4.

1:53:30

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So with your quotes, we have the same people. I will, yes. Because again, I need to follow the quotes with respect to me. Yes. Whatever is there, that is correct or something.

1:53:57

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign foreign

1:54:27

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, those we have to define it and we can extract that. So, we'll give that.

1:54:44

S… Speaker 3 (PMJ OnSite-20260413_101717-Meeting Recording)

No, this is Serif.

2:12:40

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So the next question is, do you do scraps?

2:12:48

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And TCS on scrap, you also collect. It is on the regular basis. So it is nothing but the mandate only.

2:13:36

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

Any specific condition for that?

2:14:23

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So coming on to the

2:14:26

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

the holding text that is tedious and tcs so uh the gl of tds you are maintaining as of right now in your chart of account is as per tds section wise yeah okay so as we know the section are revised so the chart of account that you will share with us will have the revised section for that okay so

2:14:53

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

and also you are following the thresholds as well whenever the threshold is crossed you will detect

2:15:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

TDS and obviously you will be having the vendors, which have the lower rate certificates as well. So while uploading the opening, so this is different, this one, which we need to compile by a vendor, how much business has been done so that the thresholds can be.

2:15:33

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

So that will be a part of cut over data. So you have to get, uh, give us the data that for this vendor under this section, this amount of threshold has been crossed. So, and the next thing is, uh, regarding the.

2:16:05

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

fix assets so obviously you are maintaining your far fixed asset registers and in this register your fixed asset values and accumulated depreciation values are there no asset wise okay

2:16:43

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

foreign foreign foreign

2:17:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

So, income tax, you can say, it's a 15 percent. It's like 10 years. We don't have this one. Don't say that. No, that's it. The individual individual has lost the system. Excel has no idea. Excel has no idea. Excel has no idea. Excel has no idea. Excel has no idea. Excel has no idea.

2:17:46

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Actually advice of the vendor from there because in that they cannot see the

2:18:14

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

approximately and

2:18:39

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

And what is your depreciation booking policy? Do you book depreciation on a monthly basis? Quarterly or yearly basis? But I want to go monthly. So that is also best practice that we also recommend.

2:19:00

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

and what is the method of depreciation you have in companies at wdp there are some industry power companies they do

2:19:43

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

so so so

2:19:55

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

what we suggest to book the depreciation in your previous

2:20:00

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

CRP till the cut over date and you will upload the numbers from there. You need to check out, you need to check in here.

2:20:34

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

mainly we will start the session again because the other members will also join. So we will start with product master.

2:21:07

S… Speaker 2 (PMJ OnSite-20260413_101717-Meeting Recording)

I don't think they are going to slow any kind of value.

2:21:09

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

Of course, there would be data sanitization which we will be proposing you later. But the discussion point of the bedroom thing, there would be much space which you will be discussing.

2:21:28

S… Speaker 1 (PMJ OnSite-20260413_101717-Meeting Recording)

But after I come, they go with the website. So they can see the website right now. And neither of them go by the website. So where is my website? What folder says? We need your input somewhere. No profile. There is a lot of challenges in MSN.

PMJ OnSite-20260413_101717-Meeting Recording

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