Set-up the business in MYOB – Remember to incorporate YOUR NAME as part of the company name. 2. Modify the chart of accounts as required to ensure that the transactions affecting the company are recorded and classified correctly. 3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory. 4. Process transactions for July, including the completion of the Bank Reconciliation. 5. Print reports for the month of July to be submitted, are as follows: • Accounts (General Ledger) Accounts List – Summary Trial Balance Transaction Journals = General Journal Profit & Loss Accrual Standard Balance Sheet • Sales (Accounts Receivable) Receivables – Reconciliation Summary Item – Sales Summary • Purchases (Accounts Payable) Payables – ReconciliationSummary Item -Purchase Summary • Banking Transaction Journals Cash Disbursements Journal Cash Receipts Journal Cheques and Deposits Reconciliation Report • GST / Sales Tax Reports GST Reports GST [Detail – Accrual] • Inventory Items Items List Summary Inventory Value Reconciliation
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