Post on 16-Dec-2014
description
Olympic Sport Club Chart of Olympic Sport Club Chart of AccountsAccounts
Advance JournalAdvance Journal
Olympic Sport ClubOlympic Sport Club
Set of BookSet of Book
- Chart Of Account- Chart Of Account : 4 Segments
Branch / Department / Account / Line of Business
- Calendar- Calendar : JAN09 – DEC09
- Currency- Currency : THB
1. Recurring Template
You are requested from Chief Accountant to create recurring template for month-end usage as following:
1.1 Blank Template for PTD 1.1 Blank Template for PTD entry of Headcounts for entry of Headcounts for each Branch and each Branch and DepartmentDepartment
1900 Headcount
Note:1900 as Headcount codeNote:1900 as Headcount code
Enter headcount for each branch and Enter headcount for each branch and departmentdepartment
(specify only debit column)
1.2 Chief Accountant of 1.2 Chief Accountant of Bangkok office also want to Bangkok office also want to generate Accrued Rent generate Accrued Rent Expenses from Recurring Expenses from Recurring Journal Template amount Journal Template amount 120,000 baht every month-120,000 baht every month-end end
Dr Rent Expense (5200)Dr Rent Expense (5200)120,000120,000
Cr Accrued Rent Expenses Cr Accrued Rent Expenses (2200) (2200) 120,000 120,000
DDrr
CCrr
Note:Note:525200 as Rent Expenses00 as Rent Expenses
Note:2200 as Accured Rent Note:2200 as Accured Rent ExpensesExpenses
1.3 Moreover, Japan Accountant 1.3 Moreover, Japan Accountant needs Recurring Journal needs Recurring Journal Template to auto calculate Template to auto calculate Reserve Insurance Fee for Reserve Insurance Fee for Trainer staff under account 5400 Trainer staff under account 5400 Accidental Insurance fee. Budget Accidental Insurance fee. Budget is 1,240 THB/person/month is 1,240 THB/person/month
Note:5400 as Accidental Note:5400 as Accidental Insurance feeInsurance fee
Note:2300 as Reserve Insurance Note:2300 as Reserve Insurance FeeFee
2. Mass Allocation JournalOlympic Sport Club purchase bulk health insurance
policy for whole worldwide staff from global Insurance firm called Dubai Global Insurance (DGI). DGI will charge Olympic Sport Club for annual insurance premium by evaluates total headcount and risk factors. Then finance-administration department will allocate the insurance premium proportional to each branch base on their headcount number month by month.
Annual insurance premium amount 46,700 USD for 2009 had paid to DGI since 1 June 09. Accountant will recognize monthly insurance expenses evenly.
2.1 Create necessary Nov 2.1 Create necessary Nov 09 Basic Journal 09 Basic Journal transactions transactions
Note:6500 as Health insurance expenseNote:6500 as Health insurance expense
2.2 Mass Allocation Journal 2.2 Mass Allocation Journal Template to allocate Insurance Template to allocate Insurance Premium Expenses for each Premium Expenses for each monthmonth
2.3 Generate Mass 2.3 Generate Mass Allocation journal for Nov Allocation journal for Nov 0909
End