MYOB Computer Accounting Program - Accounting and 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.

Transaction Sources Cash registers

– for cash sales Invoices

– for credit sales Cheque book

– for cash payments Deposit books

– for cash receipts Bank statements

– for direct charges and direct deposits Working papers

– for adjusting and miscellaneous entries

GST

GST free items include bank fees, salaries and wages, interest expense, superannuation, sales commission, investments in shares and fines – Check with your lecturer for others.

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