FNSTPB402: Establish and Maintain Payroll Systems - Accounting and Finance Assignment Help

Assignment Task:

Task:

Before you commence Part B of this assignment, you will have to download and install MYOB AccountRight 2018.3 if you have not already done so. Below are instructions for the download of software.

Setting Up MYOB Account Right 2018.3
1. Go to lnonline.com.au/downloadmyob to download the installation package for MYOB Accountright 2018.3.
2. Click on the checkbox to indicate that you accept the ‘licence agreement’. The ‘Install’ button is now activated.
3. Click on Install. When the installation is complete the message ‘All done’ will appear.

Download the textbook data files
The textbook requires a combination of data files already created for your use (“starter files”), and data files you will create by following the instructions in the text. The starter files can be downloaded from learnnowbiz.com
1. Ctrl and Click on the link below to download the starter files:
http://lnonline.com.au/payroll2018starterfiles

Exercise 1
Familiarise yourself with the following case study on Plastic Enterprises. Plastic Enterprises employs four staff. The business is registered for PAYG Withholding and pays employees weekly.

The following details are relevant to payment of payroll liabilities:
? PAYG Withheld is paid monthly to the Taxation Office on 20 th of the following month.
? All other deductions are paid by cheque on the last day of the month for that month.
? All pays are paid electronically by batch into the accounts of employees.
? Superannuation guarantee is recorded for each payroll and is paid at the end of the month for that month.

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