You are required to setup a MYOB File for a business that is switching over to...
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You are required to setup a MYOB File for a business that is switching over to a computerised system. The data you will need is as follows: ACCOUNTRIGHT DETAILS Select AccountRight Plus Select Australia COMPANY INFORMATION NAME: ABN: 80 000 000 001 ADDRESS: "Woolshed" Scot & Susan Co. - Add your name COBAR NSW 2244 PHONE: (02) 6512 3011 EMAIL: YOURNAME@GBC.COM.AU ACCOUNTING INFORMATION 20CY - FINANCIAL YEAR: CURRENT YEAR LAST MONTH FINANCIAL YEAR: JUNE CONVERSION MONTH: JULY ACCOUNTS LIST INDUSTRY CLASSIFICATION: EXERCISE 2: AGRICULTURE Select Create Company File Your MYOB file will be created and saved locally within My Library in MYOB. EASY SETUP ASSISTANT - ACCOUNTS Using the Easy Setup Assistant, you are required to modify the chart of account list Create an account for: 1-1335 Create an account for: 1-1315 Create an account for: 6-1750 Edit Account Edit Account Edit Account Edit Account Edit Account Edit Account Account Rename Account Prepaid Taxes Delete Account Delete Account Delete Account Tax N-T Fuel Tax Credits Claimable N-T Fencing Expenses GST Account Rename Account 4-1000 4-2000 4-3000 5-1000 Livestock Selling Costs 6-1800 Hire of Equipment 6-3200 Vet Expenses Sheep Sales Cattle Sales Grain Sales 4-4000 Government Subsidies 6-2100 Parking/Tolls Expense 6-2900 Printing Expense OPENING BALANCES You are required to enter the opening balances: 1-1110 Business Bank Account #1 1-2110 Plan & Equipment at Cost 2-1130 Mastercard $ 2-2100 Business Loan #1 3-1100 Capital Full Work Week Hours: Withholding Payer Number: Default Superannuation Fund: $200,000 $120,000 8,000 $140,000 $172,000 Tax GST GST GST GST GST GST EASY SETUP ASSISTANT PAYROLL You will need to setup your Payroll Information through the Easy Setup Assistant. Load the Tax Tables and setup payroll using the following information: 38 00 123 456 789 Spectrum Super Round Net Pay Down to a Multiple of: 0 cents Check your linked accounts for your payroll transactions: Payroll Cheque Account Business Bank Account Account for Cash Payments Accounts for Cheque Payments Account for Electronic Payments Account for Employer Expenses Account for Wages Paid Account for Deductions & Expenses PAYG Withholding Payable pg. 2 Electronic Clearing Account Other Payroll Expenses Wages & Salaries You are required to build your employee list using the detail below: You are required to build your employee list using the de below: Description Name DOB: Start Date Wages Pay Frequency: Hourly Rate Superannuatio n Taxes Employee Harry C West 12.8.1989 1.1.20CY Hourly Fortnightly $20 Superannuation Guarantee TFN: 111 555 999 Tax Free Threshold pg. 2 Required: Based on the information above, you are required to prepare the following 2 EXCEL reports and upload them on Moodle: 1. Accounts List Report. 2. Employees List Report You are required to setup a MYOB File for a business that is switching over to a computerised system. The data you will need is as follows: ACCOUNTRIGHT DETAILS Select AccountRight Plus Select Australia COMPANY INFORMATION NAME: ABN: 80 000 000 001 ADDRESS: "Woolshed" Scot & Susan Co. - Add your name COBAR NSW 2244 PHONE: (02) 6512 3011 EMAIL: YOURNAME@GBC.COM.AU ACCOUNTING INFORMATION 20CY - FINANCIAL YEAR: CURRENT YEAR LAST MONTH FINANCIAL YEAR: JUNE CONVERSION MONTH: JULY ACCOUNTS LIST INDUSTRY CLASSIFICATION: EXERCISE 2: AGRICULTURE Select Create Company File Your MYOB file will be created and saved locally within My Library in MYOB. EASY SETUP ASSISTANT - ACCOUNTS Using the Easy Setup Assistant, you are required to modify the chart of account list Create an account for: 1-1335 Create an account for: 1-1315 Create an account for: 6-1750 Edit Account Edit Account Edit Account Edit Account Edit Account Edit Account Account Rename Account Prepaid Taxes Delete Account Delete Account Delete Account Tax N-T Fuel Tax Credits Claimable N-T Fencing Expenses GST Account Rename Account 4-1000 4-2000 4-3000 5-1000 Livestock Selling Costs 6-1800 Hire of Equipment 6-3200 Vet Expenses Sheep Sales Cattle Sales Grain Sales 4-4000 Government Subsidies 6-2100 Parking/Tolls Expense 6-2900 Printing Expense OPENING BALANCES You are required to enter the opening balances: 1-1110 Business Bank Account #1 1-2110 Plan & Equipment at Cost 2-1130 Mastercard $ 2-2100 Business Loan #1 3-1100 Capital Full Work Week Hours: Withholding Payer Number: Default Superannuation Fund: $200,000 $120,000 8,000 $140,000 $172,000 Tax GST GST GST GST GST GST EASY SETUP ASSISTANT PAYROLL You will need to setup your Payroll Information through the Easy Setup Assistant. Load the Tax Tables and setup payroll using the following information: 38 00 123 456 789 Spectrum Super Round Net Pay Down to a Multiple of: 0 cents Check your linked accounts for your payroll transactions: Payroll Cheque Account Business Bank Account Account for Cash Payments Accounts for Cheque Payments Account for Electronic Payments Account for Employer Expenses Account for Wages Paid Account for Deductions & Expenses PAYG Withholding Payable pg. 2 Electronic Clearing Account Other Payroll Expenses Wages & Salaries You are required to build your employee list using the detail below: You are required to build your employee list using the de below: Description Name DOB: Start Date Wages Pay Frequency: Hourly Rate Superannuatio n Taxes Employee Harry C West 12.8.1989 1.1.20CY Hourly Fortnightly $20 Superannuation Guarantee TFN: 111 555 999 Tax Free Threshold pg. 2 Required: Based on the information above, you are required to prepare the following 2 EXCEL reports and upload them on Moodle: 1. Accounts List Report. 2. Employees List Report
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Answer rating: 100% (QA)
Certainly Heres some additional information regarding the MYOB setup based on the given details 1 ACCOUNTRIGHT DETAILS AccountRight Plus Australia is ... View the full answer
Related Book For
OM4 operations management
ISBN: 978-1133372424
4th edition
Authors: David Alan Collier, James R. Evans
Posted Date:
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