Formalize Accounting System and Generate Key Statements and Reports for Mysteria

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The Company

Name	Mysteria Cosmetics
Tagline	Mysteria is an independent premium cosmetics label focusing to create high-quality products that are natural, chemical free, and functional while promoting lip health
HQ	Illinois
# Employees	1-5
Growth Stage	Established Startup
Website	https://mysteriacosmetics.com/
Description	Mysteria Cosmetics has taken off over the past year, selling thousands of units to customers across the globe. Today, the company is scaling quickly, but the whole process, including sourcing raw materials, product development, product formulation,marketing, and sales are done by the two co-founders exclusively. They’re very excited to open up their company for the first time to students so that they can gain a better understanding of their business.
Explainer Video	ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode

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The Case Assignment

Formalize Accounting System and Generate Key Statements and Reports for Mysteria

Case Synopsis

All growing companies need to take control of their finances at some point. An accurate bookkeeping system can help companies secure outside capital, manage day-to-day operations, and make better financial decisions. Mysteria's looking for your help in generating a repeatable, scalable accounting system, including a high-level overview the key performance indicators that you believe they should be looking for in their business as they continue to grow.