Chapter 516 - Relocation of GH Logistics (2) – Part 1
Gun-Ho’s sister quickly covered her mouth with her hand realizing that she shouldn’t have said the word basement to Jae-Sik’s face.
“I’m so sorry. It just came out of my mouth. Hahaha, you are Jae-Sik!”
“It’s okay, sister.”
“You’ve changed a lot. I wouldn’t have been able to recognize you if you didn’t say anything.”
“I knew it was you right away, Gun-Sook sister. You used to scold me for reading cartoon books in Gun-Ho’s room without studying.”
“Yeah, I remember that. You love reading cartoons. How are your parents doing?”
When Jae-Sik was hesitating to respond to Gun-Ho’s sister’s question about his parents, his workers came to Jae-Sik and let him know that they would be back after lunch.
“Sir, we will have lunch now. We will be back soon.”
“Oh, sure. Bon appetit.”
Jae-Sik showed Gun-Ho’s sister and her husband to his office. He then prepared green tea for them.
“Gun-Ho invested in this company from the day of the establishment. We currently have 27 vehicles. I’ve prepared an Excel document to show you the status of this company.”
Jae-Sik brought a chart in an A4 paper. It had all the information about the types of the company’s vehicles, their license plate numbers, the names of drivers assigned to each truck, the names of service companies and the service expiration dates, service charges, payment dates, etc. The chart laid out all the information in a way that a reader could easily see all at a glance.
“Wow. This is very well done.”
Jae-Sik gave another chart to Gun-Ho’s brother-in-law. It was about each service company that GH Logistics was currently using. The chart showed each service company’s address, the name of each company’s president, its business registration number, the person’s name who is in charge of dealing with GH Logistics, its sales revenues, the number of their workers, etc.
“Hmm. There will be no problem issuing a tax invoice with this information.”
Gun-Ho’s sister said as she was impressed by Jae-Sik’s meticulous work.
“After saving for the depreciation reserve, we are maintaining the current status without loss.”
“What do you mean by saving for the depreciation reserve?”
“You should do the same. Once vehicles reach certain ages, you need to replace them with new vehicles. You need the reserve for that purpose.”
“I’ve heard that this company is 100% owned by President Gun-Ho Goo. Do you pay him as well, like a salary?”
“Of course, we should have, but President Goo has refused to take any salary so far. He said that he didn’t want to get paid until the company became stabilized. Once you move to the Siheung City location and once the business gets settled, you probably want to start paying him.”
“Are those workers moving with the company to Siheung City, aren’t they?”
“No, they wouldn’t. They are living in this area, and Siheung City is too far to commute daily.”
At that moment, Gun-Ho’s sister chipped in.
“Once the company moves to Siheung City, maybe I will handle the bookkeeping.”
“You, sister? Why not? If you have work experience in bookkeeping, that would be very nice. It’s not easy to just watch others do bookkeeping for you. You sometimes feel the urge that you want to do it yourself. We have a tax accountant who we have been working with, so you don’t have to worry about any complicated accounting work. If you think you can handle it on your own, I would say you should go for it.”
Gun-Ho’s brother-in-law asked Jae-Sik, “About the office manager here who you mentioned. How well is he handling the vehicle maintenance work?”
“Nothing major. He just adds air to the trucks’ tires and changes their oils; that’s about it. For more complicated maintenance work, you should go to an auto repair shop. We don’t even have the proper equipment to handle any further maintenance work. You can find one good auto repair shop and make a service contract with them. But, one thing that you should consider is that since all of our trucks work far from this location, it’s rare that they come to the office to receive maintenance service. They usually go to an auto repair shop nearby the worksite. For simple work like changing windshields, the truck drivers take care of it.”
“You are receiving any traffic fines and things like that to this location, right?”
“That’s correct. We receive them here since the company’s official address is here. However, we don’t pay for it. Each truck driver must pay for the fines that they incurred. We take off the fines from their monthly salary before paying them.”
Gun-Ho’s brother-in-law nodded his head.