Recap Activity

Time to explore and get creative

Setup

Be creative with what you call each of the of the following....

1. Add a new income account

2. Add an item that you sell for $500 (GST exclusive)

Using the Dashboard

1. Find out what your customer's owe you?
2. Find out how much you owe your supplier's
3. Find out what your current bank balances are?
4. Find out what your GST position is?

Sales

1. Create a quote which you then will convert to an invoice 

   1. 1. add a customer on the fly (name only)

      2. use the next invoice number and Today's Date

      3. you sold 10 units of the item you created above to the customer (includes GST) 

Purchases

1. Upload the supplier document by dragging and dropping it into your In Tray.
2. Create the bill

Payroll

1. Set up yourself as a full time employee with the following payroll details

1. 1. 1. You get paid weekly

      2. TFN: 111111111

      3. (AU only) Your choice of Super Fund is APTA_ Employer Membership No; 789456

      4. You get paid a Base Rate of $30

      5. You also get paid Overtime at time and a half of your standard rate
      6. You get a Uniform Allowance of $15 (Before Tax)
      7. You have a Union Fee of $10 (After Tax)

1. Record your weekly pay using TODAY as the payment date
   1. 1. the pay period is for the last 7 days week ending yesterday
      2. you worked 4 hours overtime during this week
2. Finish off the pay run and print your payslip.
   1.  What is your NET Pay is for this week?

Reporting

1. Run the Profit & Loss report for TODAY_What is your Profit or Loss for today?  

Back to the Dashboard

1. Find out 
   1. what your current bank balances are,
   2. how much money your customers still owe you.
   3. what your GST position is?