AIN2601 Assignment
two
(A GUARANTEED)
AIN2601 Assignment two instructions
TASK 1
Using the set-up assistance
1. Click FILE on the MAIN MENU & select NEW to create a new company
2. Ensure the set-up assistant is se
...
AIN2601 Assignment
two
(A GUARANTEED)
AIN2601 Assignment two instructions
TASK 1
Using the set-up assistance
1. Click FILE on the MAIN MENU & select NEW to create a new company
2. Ensure the set-up assistant is selected on the THREE METHODs used to create a
company
3. Under New Company Name type in the FOLDER which you wish to store your
company details on your PC. It can be any name; this does not come out on printed
documents. IT canbe BILLY (maximum 8 characters, auto CAPS LOCK)
4. Click on CREATE after finishing typing the FORDER name
5. The first screen of the set-up assistance will appear, there are 12 more screens to
completethis task
6. Click NEXT to move to the next
screenTYPE COMPANY Information as
Follows
Company Name
Billy’s Building Supplies
Postal Address
PO Box 123
Pretoria
0081
Information
Telephone No. (012) 453-4334
VAT No. 458123682 (on the last line)
Click NEXT to go to the DATE FORMAT
screen.Ensue DMY is select
In addition click four digits per year.
Click NEXT and ENTER the start date which is 01/10/2014 also ensure on the last
day of themonth is selected
Click NEXT ensure the number of periods is 12. DO NOT CHANGE ANYTHING ELSE
Click NEXT Change the GENERIC CHART OF ACCOUNTS to RETAIL by selecting it
from thearrow in front of generic chart of accounts1 | P a g eClick NEXT to go to CASH BOOKs, type in the number of Cash Books we required to use,
2 in thisinstance
ENTER the descriptions of the Cash Books on Account Name as follows:
1. Standard Bank Current Account
2. Petty Cash Account
Click NEXT and TYPE the description of the PRICE LIST being used by Billy’s as follows:
1. On Price list1 type – Individuals(must be selected as most common)
2. On Price list2 – Development
Click NEXT on Default terms select
PERIODAFTER selecting period select
30 Days
Click Next and Select OPEN ITEM
Click NEXT to go to Document printing on this screen click on PAPER STYLE ASSISTANCE
andensure PLAIN is selected Click NEXT and ensure SINGLE SHEET is also selected
Click NEXT and FINISH
Click NEXT again on this screen.
Click PROCESS and Pastel will start saving your
information.THEN Click FINISH to exit the set up
assistance
TASK 2
Chat of Accounts
2.2 : Click EDIT – GENERAL LEDGER – ACCOUNTS - on the Pastel MAIN MENU
When you open this dialog box the 1000 – Sales account is already selected; go to TAX
PROCESSING below the dialog box and select DEFAULT TAX TYPE from the drop down
arrow
ON TAX TYPE select 01- Vat Standard rated (14%)
Save this information by clicking the SAVE button. Don’t make any
changesClick the search facility represented by the magnifying glass.
Click – Cost of Sales/
Purchases.Click =
Select button
Again move to TAX PROCESSING below this dialog box and select DEFAULT TAX TYPE fromthe drop down arrow.
2 | P a g eON TAX TYPE select 01- Vat Standard rated (14%)
Save this information by clicking the SAVE button. Don’t make any changes
2.3 : Click on the NEW button (represented by the green button with a white + sign)
To add the ledger accounts;
Main Account Number--Enter 1000
A Message is displayed that you about to create the first sub-account, JUST CLICK YES to
continue (this message shall always pop- out each time you create the first sub account of a
new main account)
Sub-Account Number--Enter 100
Account Description-- Sales – Flooring
SAVE WITHOUT MAKING ANY CHANGES.
Repeat these instructions from Account 1000/100 up to 7700/300
***DON’T FORGET STUDENTNUMBER where it’s instructed to put
one.ACCOUNT 8450 the last one you need make the following
adjustments:
i. On Main Account select BALANCE SHEET
ii. Balance Sheet financial category select BANK
iii. Report writer category select BANK again
SAVE this Account and exit this Dialog box
TASK 3
3.1. You are using Educational software. Ignore all information and follow the one on:
If you are working on the educational
softwareExactly as instructed
3.2 Whilst you still on SET UP COMPANY PARAMETERS on DOCUMENT Numbers select
ONESET OF NUMBERS FOR THIS COMPANY.
3.3 Below the dialog box its written CASH BOOKS Click the search facility and select the
account
8450 from your list of general ledger accounts – Inter Bank transfer account as set in task 2.3 | P a g eTASK 4
Set up user passwords
Click SET UP – USERS/PASWORDS – USERS
The Setup users dialog box opens up
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