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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

  1. 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)
  2. Setup your company (3 marks)
    • Financial Settings
    • Organisation Settings
    • Bank Account
  3. Create Contacts and Inventory (8 marks)
  4. 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)
  5. Bank Reconciliation from the Dashboard (8 marks)

o Other expenses (from the Bank Account on the Dashboard)

  1. Manual Journals from the Accounting Menu (4 marks)
  2. Printing reports from the Accounting Menu (6 marks)
  3. 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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