Andrew’s Accounts

Andrew’s Slabs

Business details

ABN number 45010669271

Workshop and shopfront is located at 22 Mount Albert Road, Tyagarah, NSW 2481

Phone number is (02) 66842389

Email is andrewsslabs@gmail.com.au

Use the financial year before the one that you are currently in

June is the last month of the financial year

May is the conversion month

There are 12 accounting periods

Registered for GST with the ATO.

Under GST settings, enter Accrual accounting, Quarterly reporting, BAS lodgement by paper.

Account opening balances

As of 01 May, of the financial year before the one that you are currently in.

1-1110Cheque Account

1-1140

1-1180

1-2210

1-2510

1-2310

1-2110

1-1210

1-1220

1-1310

1-1360

1-1370

2-1610

2-1120

2-1630

2-1500

2-1210

2-1220

2-1410

2-1420

2-2100

3-1000

3-2000

3-3000

3-8000

3-9000

3-9999

4-2420

4-2440

4-2460

5-5000

5-2400

5-2500

5-2700

6-1200

6-1700

6-9100

6-8000

6-8100

6-9300

6-8400

6-8300

6-2800

6-4601

6-4300

6-3500

6-4100

6-6500

6-4200

8-1500

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Customers

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Biller Code: 256 333

Reference: 10092709

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Payment Method : Master Card Last 4 Digit 8978

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You will also have to create a “Cash sale” business contact to record cash sales.

It should have the Card ID C01

Inventory

Because most of Andrew’s Slabs’ products are individual pieces, they are priced as such. There are a few items that the workshop produces on a regular basis to satisfy a regular demand for household items such as incense holders, meditation stools, and chopping boards.

Consequently, the only products that need to be itemised are the following:

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