Assignment -
Part A - You are working as an accountant in a local accounting firm. You have been approached by Oliver and Sydney, the owner of Sugariffic, a start-up wholesaler. They have chosen Xero as their cloud based accounting system and have employed you to set up their company in Xero and enter the first month's transactions. You are required to enter a range of transactions and generate the reports requested by your client to assist with the start up of their business. All information has been supplied by the business owner for you to input. The set up and transactional data will be provided in Interact Resources.
Task requirements:
Process your clients' transactions for August 2018. Generate and submit the following reports to your client for the month of August 2018;
Profit & Loss
Balance Sheet
Trial Balance
Aged Payables (detail)
Aged Receivables (detail)
Inventory Item Summary.
Part B - Whilst your client has requested the 6 reports detailed above, Xero has a range of other reports available. Review the other reports which can be generated from Xero and prepare an executive summary for your client providing advice on 2 other reports they could generate from Xero to facilitate their decision making. In your summary, consider the following:
Which other, specific reports from Xero should your client generate and use for decision making?
What decisions would your client use each of these reports for?
To support your discussion, run the reports you are recommending for the month of August and include them with your report.
This assessment task will assess the following learning outcome/s: be able to understand and apply foundation principles relating to computerised information systems in contemporary organisations.
Attachment:- Assignment Data.rar