MYOB Case Study - Accounting & Finance Assignment Help

Assignment Task

Introduction
In this assignment students are required to use the following modules of the MYOB computer accounting program to process transactions and to produce a set of accounting reports relating to business operations:
• General Ledger
• Banking
• Sales - Accounts Receivable
• Purchases - Accounts Payable
• Inventory

Company Data
The business operates as a florist named, “Student Name Flowers Pty Ltd” (students are to insert their own name) and the ABN number (and Address) must include your
“Student Number as a unique identifier” with zeros making up the required numbers.
The business sells flowers as both over-the-counter cash sales and credit sales on account to retail and wholesale customers. It will be necessary to create a new company, details are as follows:
Company Name
Address ABN Current Financial Year
Last Month of Financial Year
Industry
Your Name
Flowers Pty Ltd Your Student
11 digits
000 Student
Number
2021 June Retail

Required:
1. Set up the business in MYOB – Remember to incorporate YOUR NAME as part of the company name.
2. Modify the chart of accounts as required to ensure that the transactions affecting the company are recorded and classified correctly.
Note: You must be specific in the naming of accounts (i.e. do not use a generic “accruals” account – be specific).
3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory.
4. Process transactions for June, including the completion of the Bank Reconciliation.

This Accounting & Finance Assignment has been solved by our Accounting & Finance experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.