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Note: The assignment is individual Create a company in Xero Free Trial (2 marks) You should note that the FREE Trail is only available for
Note: The assignment is individual
- Create a company in Xero Free Trial (2 marks)
- You should note that the FREE Trail is only available for 30 days after you start.
- You should use you Federation University student email account
- Company Name: BUACC5937GroupX (where X is the group number assigned to you by your lecturer/tutor)
- Setup your company (3 marks)
- Financial Settings
- Organisation Settings
- Bank Account
- Create Contacts and Inventory (8 marks)
- Entering Transactions Using the Business menu (29 marks)
- Bills to pay purchases from you Suppliers
- Invoices invoices for your Customers
- Purchase Orders good order from your Suppliers for delivery in the future
- Credits for good returned to your suppliers (Bills to pay)
- Credits for goods returned from your customers (Invoices)
- Payments sent to your supplier (Bills to Pay)
- Payments received from your customers (Invoices)
- Bank Reconciliation from the Dashboard (8 marks)
o Other expenses (from the Bank Account on the Dashboard)
- Manual Journals from the Accounting Menu (4 marks)
- Printing reports from the Accounting Menu (6 marks)
- Write a brief 500-word report about who would use the reports you printed from G. This report should be properly referenced using APA style. (10 marks)
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