MYOB Case Study Assignment -
Each student will be required to individually complete a case study using the accounting software MYOB. MYOB is the market leader in accounting software for small business in Australia.
The assignment is to complete Case Study 1 form the textbook. MYOB AccountRight Plus 19.12 - A Practical Guide to Computerised Accounting by Greg Pazmandy, January 2018 Edition. ISBN: 978-1-76073-026-0.
We recommend that you use the textbook to complete the assignment, as the book is aligned with the case study that is required to be completed.
Students must submit the following reports (please note, the textbook asks for more reports, the extra reports listed in the textbook are NOT required)
1. Balance Sheet,
2. Profit and Loss Statement,
3. Cash Receipts journal,
4. Cash Payments journal,
5. Receivables Summary,
6. Payables Summary.
Case Study -
Introduction - In this assignment students are required to use the:
- General Ledger
- Banking
- Sales - Accounts Receivable
- Purchases - Accounts payable
- Inventory
modules of the MYOB computer accounting program to process transactions and to produce a set of accounting reports relating to business operations.
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.
3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory.
4. Process transactions for July, including the completion of the Bank Reconciliation.
5. Print reports for the month of July, to be submitted, are as follows:
Accounts (General Ledger)
- Accounts List - Summary
- Trial Balance
- Transaction Journals = General Journal
- Profit & Loss Accrual
- Standard Balance Sheet
Sales (Accounts Receivable)
- Receivables - Reconciliation Summary
- Item - Sales Summary
Purchases (Accounts Payable)
- Payables - Reconciliation Summary
- Item -Purchase Summary
Banking
- Transaction Journals
- Cash Disbursements Journal
- Cash Receipts Journal
- Cheques and Deposits
- Reconciliation Report
GST/Sales Tax Reports
- GST Reports GST [Detail - Accrual]
Inventory Items
- Items List Summary
- Inventory Value Reconciliation.
Attachment:- Assignment Files.rar