You have been employed to establish a computerised accounting system in a small organisation. The organisation currently uses a ledger card system for its accounts. The organisation has chosen a popular proprietary accounting software system. Describe the steps to be taken prior to inputting the data into the computerised system and how you would go about implementing the new system.

You must show that you can:

• set up an organisations chart of accounts by modifying an established integrated financial software system
• interpret and apply organisational policies and procedures
• implement an integrated accounting system ensuring integrity of the data
• process transactions, generate reports and maintain the integrated system

(Answer should be in Australian legislation)

(Accounting software can be MYOB, XERO or Quickbooks)