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Country : Australia
Assignment Task

 

What is Xero?

Xero is an online accounting software designed for small to medium businesses. As a subscriptionbased service, Xero is 100% cloud-based, and all transactions happen in real-time, ensuring that you have the most up-to-date financial information at your fingertips.

 

Case Study – Xpress Cuts Mary Smith is a sole-trade T/as Xpress Cuts, a start-up hair salon located in the heart of Melbourne Central. Xpress Cuts offers an extensive range of haircuts, styling and retails hair products. During the business procedures in October 2019, they have registered for GST. All the transactions are in Australian Dollars. You have been hired as a Junior Accountant to set up and record Xpress Cuts’ business transactions for the month of October 2019 and then at the end, generate financial reports to complete a onemonth accounting cycle.

Required

1. Assurance Dashboard

2. Accounts Transactions Report for the month of October 2019

3. Profit and Loss Statement for the month ended 31 October 2019

4. Balance Sheet as at 31October 2019

5. Write a brief report on the company’s financial and liquidity status

 

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  • Uploaded By : Brett
  • Posted on : July 20th, 2019

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