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College of Business, Economics, Accountancy and Management: de La Salle Lipa Preliminary Exercise: ACCYST

This document provides instructions for a preliminary exercise using accounting software. It includes details to set up a sample company, including company name, address, bank accounts, warehouses, and contact information. It then provides steps to create purchase and sales orders, record goods receipts and invoices, and generate relationship maps to show the accounting impact on inventory levels. The goal is to practice the full order to cash and purchase to pay cycles in the software.

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Ninette Dorado
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119 views3 pages

College of Business, Economics, Accountancy and Management: de La Salle Lipa Preliminary Exercise: ACCYST

This document provides instructions for a preliminary exercise using accounting software. It includes details to set up a sample company, including company name, address, bank accounts, warehouses, and contact information. It then provides steps to create purchase and sales orders, record goods receipts and invoices, and generate relationship maps to show the accounting impact on inventory levels. The goal is to practice the full order to cash and purchase to pay cycles in the software.

Uploaded by

Ninette Dorado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DE LA SALLE LIPA

COLLEGE OF BUSINESS, ECONOMICS, ACCOUNTANCY AND MANAGEMENT


Preliminary Exercise: ACCYST

BY PARTNER

Perform the following as stated and send the output to [email protected]

Part I
Company Details ( Print screen 1)

Company Name:
APPLIANCE HUB CORPORATION OR YOUR
Used in reports and with the company address
SECTION
information
Company Address 987 Chino Roces Avenue Makati City
Internet Address www.appliancehub.com
Phone 1 418-2770
Phone 2 418-2771
Fax None
Company general information E-Mail address [email protected]
Local Currency Philippine Peso
System Currency Philippine Peso

Bank Information
Screenshot 2

Bank Acct 1 Bank Acct 2


Bank Code MBTC BDO
(up to 19 characters)
Country Code Philippines Philippines
(if other than USA)
Bank Name Metrobank Banco de Oro
Account Number 987645671234 567123
(Last 4 digits)
Branch Makati Makati
Address (provide your own address) (provide your own address)

City, St Zip (provide data) (provide data)


Select the Metrobank G/L account Select the BDO G/L account
Bank G/L Account
from the chart of accounts from the chart of accounts
Additional Information: Metrobank is the company's default bank.

Screenshot 3

Warehouses

Warehouse Code 01 02 03
(up to 8 characters)
General North Luzon Laguna
Warehouse Name
Warehouse Warehouse Warehouse
Location Makati Pangasinan Cavite
(Several warehouse can be grouped by Location)
(provide (provide (provide data)
Street Address
data) data)
City, ST Zip Makati Dagupan San Pedro
(provide (provide (provide data)
County
data) data)
Country Philippines Philippines Philippines

Part 2
PURCHASING PROCESS AND PAYMENT:
Create a Purchase Order (5 pts.)
Purchasing A/P > Purchase Order
Vendor: V1000
Item: G2000
Quantity: 1

Copy the Purchase Order to Goods Receipts PO. Add the Goods Receipts PO.
After Adding, choose the last data record then check the link arrow on the Journal Entry field.

Copy the Goods Receipts PO to A/P Invoice. Add the A/P Invoice and Check the automatic journal
entry created:
Generate the Relationship Map:

Create 5 more purchases from 3 different vendors. Prinscreen your output . Generate the
Relationship map
Show the effect of this transaction to inventory. (printscreen the inventory status-pre and post)

SALES:

Create a Sales Order:


Sales A/R > Sales Order
Customer Code: C1000
Delivery Date: Today
Item Code: G2000
Quantity: 1

Copy the Sales Order to Delivery. Add the Delivery


After Adding, choose the last data record then check the Journal Entry:

Copy the Goods Receipts PO to A/R Invoice. Add the A/R Invoice and Check the automatic journal
entry created.

Generate the Relationship Map


Create 3 more sales from the purchases made. Prinscreen your output .
Generate the Relationship map.
Show the effect of this transaction to inventory. (printscreen the inventory status-pre and post)

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