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Compliance Newsletter - Record Keeping

Jun 7, 2021


Last month, we mentioned that Jeunesse reserves the right to request copies of completed sales receipts, as they are important records used to demonstrate whether Distributors are complying with Seventy Percent Rule.  As a reminder, this rule states that you need to personally sell, consume, or use for business building at least seventy percent (70%) of the products from each order before placing a new order.  The Seventy Percent Rule ties in perfectly with this month’s Compliance Newsletter topic: Record keeping. 

RECORD KEEPING 

Now, we are sure that both new and experienced network marketers know that good record keeping goes a long way in any business!  At Jeunesse, all Distributors are strongly encouraged to maintain complete and accurate records of their business transaction.  This is particularly imperative for face-to-face sales.  Records of product purchases made by your retail Customers through your replicated website are easily accessible in your Jofficeä, which makes them much easier for you to track.  In addition, this streamlined process allows Jeunesse to handle any return requests made by online Customers, which means peace of mind for you.  You can focus on promoting the products and leave the rest to us! 

However, record keeping becomes more challenging for in-person sales.  Not only does, the responsibility to provide sales receipts to all retail Customers fail on you, but you will also need to keep a copy for your records.  For your convenience, you can download a blank sales receipt in Joffice at MEMBERS ONLY – DISTRIBUTORS TOOLS – FORMS – CUSTOMER SALES RECEIPT. 

So, what are some guidelines on information that should be included on the sale receipt?  Here’s a simple list that can help you get started: 

1.      Date of the transaction

2.      Your name and address

3.      Each product purchases and its quantity (as separate line items)

4.      Amount charged

5.      Payment method used

6.      10-Day Right of Cancellation. An unsolicited Retail Customer may cancel a product order of $100 or more without penalty within 10 business days from and including the day they receive their Unsolicited Consumer Agreement (sales receipt).  Specific terms regarding the notice can be found in the Policies & Procedures document under Appendix B.2.2.

Jeunesse also offers a 30-day, 100% unconditional money-back guarantee on the first order of products sold to all retail Customers.  You are required to extend this guarantee on sales made directly to your Customers.

A good reminder for all levels of Distributors: Records keeping is a great way to monitor the progress of your business and will help you prepare financial statements needed for accounting and tax purposes.

Remember, Compliance is here to help you.  We can guide you to your personal success in the most professional and legal way possible.  We love to see you succeed because our success depends on your success.

If you have any questions about Compliance guidelines email  [email protected]    or  [email protected] .

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