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Computer Accounting Exercise

Exercise Instructions
Computer Accounting Exercise Instructions
The accounting software used for this exercise is the free software called Manager Accounting. There are versions for both Microsoft and Apple systems.
 
If you haven’t already
  • Download and Install Manager Accounting Software
 
Download Link:
 
  • Install Software
After downloading, install the Software by clicking on the file named Manager.msi and following the instructions.
 
  • Install (Import) Manager Database Files
Open Manager Accounting
Add the Exercise Work File
Click on Add A Business
Click on Import Business and locate and select the file named BaldysBarberShop.manager
 
Add the Answer File
Click on Add A Business
Click on Import Business and locate and select the file named BaldysBarberShop-Answers.manager
 
Location:
Database Files:
Baldys Barber Shop
BaldysBarberShop\BaldyComputerSystem\ManagerFiles\BaldysBarberShop.manager
 
Baldy’s Barber Shop-Answers
BaldysBarberShop\BaldyComputerSystem\ManagerFiles\BaldysBarberShop-Answers.manager

 
  • Print Sheets Needed
 
The following sheets need to be printed to use to complete the exercise:
Chart Of Accounts - BaldysBarberShop\BaldyComputerSystem\ChartAccounts\ChartAccounts.pdf
Transaction Listing - BaldysBarberShop\BaldyComputerSystem\Transactions\Transactions.pdf
Adjusting Journal Entries BaldysBarberShop\BaldyComputerSystem\AdjustingEntries\AdjustingEntries.pdf
Closing Journal Entries BaldysBarberShop\BaldyComputerSystem\ClosingEntries\ClosingEntries.pdf

 
  • Exercise Requirements
 
The main tasks needed for this exercise are:
 
1. Spend Money
 
2. Receive Money – mostly recording sales
 
3. Entering a few supplier invoices where the supplier granted credit terms
 
4. Recording adusting and closing entries using Journal Entries
 
5. Reviewing and Printing Reports
 
The Main Menu for these tasks is presented in the Left Column:

Summary – displays Financial Information
 
Bank Accounts – one account has already been set up
 
Bank Transactions – used to record spending and receiving money
 
Suppliers  -  three suppliers have already been set up
 
Purchase Invoices – used to record purchases and expenses when the supplier granted credit terms (on account)
 
Journal Entries – used to record adjusting and closing entries
 
Reports – use to view and print financial reports
Profit and Loss Statement
Balance Sheet
Statement of Changes in Equity
Cash Summary
Trial Balance
General Ledger Summary
General Ledger Transactions
 
Settings – used to set up the Chart Of Accounts and other general information. The settings for this exercise have already been set up.
Customize – allows the user to only set up the tasks that they need and use in their business. These have already been set up for this exercise.
 
  • Course Requirements

Note: Use December 2017 as the monh to Enter Your Transactions

1. Using the Transaction Listing record all the transactions using the appropriate Input Screens
2. Using the Adjusting Journals Listing record all the entries using the Journal Entry Screen
3. Using the Closing Journal Entries Listing record the closing entries using the Journal Entry Screen
4. Print the following Reports by clicking on the Reports Tab.
Trial Balance
General Ledger Summary
General Ledger Transactions
Cash Summary
Balance Sheet
Profit and Loss Statements
Statement of Changes in Equity

  • Checking your Results
 
Open BaldysBarberShop-Answers Company (File)
 
Print the above reports and compare to your reports
 
  • Using Manager

Help
Manager Guides


The Main Guides needed for this exercise are:
Spend Money
Cash Sales
Purchase Invoices
Journal Entries
Reports

 

 
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