Hi I need help with this questions and this questions we have to use Xero
Information about the company file The following list sets out basic information about Your Name Pty Ltd that is required in the Xero file. Company Name: ABN: Your Name Pty Ltd (e.g. Lisa Smith Pty Ltd) 69 150 641 866 Level 6, 10-16 Queen St, Hobart TAS 7000 1300 738 955 Address: Phone: TASKS 1. Instructions from the Accountant You have received an email from Joanne Bloggs with all of the following tasks to be completed for FY 2020: a) Project management/consultancy revenue for the company is to be posted to the Sales account b) Check that the system is set to quarterly GST reporting on a Cash basis. c) Add a new liability account for 'Deductions: Union Fees' using account code 865 d) Change the name of account code 970 to Shareholder Capital' e) Add a new expense account called 'Bookkeeping Services' using account code 407 f) Add a new expense account called 'Workers Compensation using account code 495 g) Archive the Clearing Account (855) as relevant liability accounts are used for internal clearing h) Archive the Commission account (479) i) Archive the Travel International account (494) j) Add a new expense account called Employee Uniforms (427) k) A bill for $53.90 (GST included) was paid to Xero and has been posted to the wrong account. Re-allocate the bill to the Accounting Software account 1) A payment to Melrose Parking for 148.50 on 2 Oct 2019 has been allocated to the Motor Vehicles expense account. This is to be re- allocated to the Parking & Tolls account (455) m) You are not permitted to make any other changes or additions to the Chart of Accounts n) You are not to create or edit any type of transaction unless otherwise instructed. The full address of Contacts is only to be entered if it has been stated. o) Ensure all workbook and assignment transactions must be dated between 1/7/2019 to 30/6/2020 (any transactions entered outside of this date range will be deemed incomplete for assessment purposes) Information about the company file The following list sets out basic information about Your Name Pty Ltd that is required in the Xero file. Company Name: ABN: Your Name Pty Ltd (e.g. Lisa Smith Pty Ltd) 69 150 641 866 Level 6, 10-16 Queen St, Hobart TAS 7000 1300 738 955 Address: Phone: TASKS 1. Instructions from the Accountant You have received an email from Joanne Bloggs with all of the following tasks to be completed for FY 2020: a) Project management/consultancy revenue for the company is to be posted to the Sales account b) Check that the system is set to quarterly GST reporting on a Cash basis. c) Add a new liability account for 'Deductions: Union Fees' using account code 865 d) Change the name of account code 970 to Shareholder Capital' e) Add a new expense account called 'Bookkeeping Services' using account code 407 f) Add a new expense account called 'Workers Compensation using account code 495 g) Archive the Clearing Account (855) as relevant liability accounts are used for internal clearing h) Archive the Commission account (479) i) Archive the Travel International account (494) j) Add a new expense account called Employee Uniforms (427) k) A bill for $53.90 (GST included) was paid to Xero and has been posted to the wrong account. Re-allocate the bill to the Accounting Software account 1) A payment to Melrose Parking for 148.50 on 2 Oct 2019 has been allocated to the Motor Vehicles expense account. This is to be re- allocated to the Parking & Tolls account (455) m) You are not permitted to make any other changes or additions to the Chart of Accounts n) You are not to create or edit any type of transaction unless otherwise instructed. The full address of Contacts is only to be entered if it has been stated. o) Ensure all workbook and assignment transactions must be dated between 1/7/2019 to 30/6/2020 (any transactions entered outside of this date range will be deemed incomplete for assessment purposes)
