Bean There Coffee Van is a mobile food vendor that provides coffee and snack foods
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Bean There Coffee Van is a mobile food vendor that provides coffee and snack foods

Task 2 - Practical Exercise – computerised

Introduction

Bean There Coffee Van is a mobile food vendor that provides coffee and snack foods to various commercial premises each day at morning tea, lunch and afternoon tea time. The business is registered for GST and PAYG withholding on an accrual basis and reports monthly.

The business has 2 employees: Jack a part time barista who claims the tax free threshold; and Heidi a casual barista who does not claim the tax free threshold for this job. The owner Jane is the authorised signatory for all documentation and must approve any payments made by the business.

A cash register records sales and prints a summary each day of the sales broken down into GST and GST free categories. 

Step 1

The following is a practical exercise requires you to access the MYOB file for Bean There Coffee Van which has been provided. 

Note: This exercise is to be done in MYOB AccoutRight Plus Version 2018.3 as supplied within the Learning Resources in Unit 7. Do not use a different version of MYOB.

Download a copy of this file to your MYOB library and open the file. The username is “Administrator” and there is no password.

Task2

Hint
Accounts and Finance Finishing a business activity statement (BAS) refers to how you pay and report your commercial taxes to the Australian Taxation Office (ATO). The BAS expected dates for lodging and paying is pre-printed at the upper right-hand corner of your activity statement. ...

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