MYOB Project: Surfing Shops Australia - Profit & Loss Statement

This document presents a solution to the BISM7209 Accounting Information Systems project, focusing on Surfing Shops Australia (SSA). The project involves using MYOB AccountRight Plus to convert SSA's manual accounting system to a computerized one. The solution includes a profit and loss statement from 7/1/2018 to 5/13/2019, detailing various income, cost of sales, and expense categories. The project covers sales, purchasing, and inventory, emphasizing the integration of these modules within MYOB. The assignment required the creation of a start-up file and the careful following of instructions to ensure accurate data entry and financial reporting. The solution provides a comprehensive overview of the financial performance of Surfing Shops Australia during the specified period, offering insights into its revenue, expenses, and overall profitability.

Surfing Shops Australia- Vishwa Shah
45101720
Profit & Loss Statement
7/1/2018
5/13/2019
12:14:09 AM
4-0000 Income
4-1100 Sales $0.00
4-2000 Shipping Fees Collected $0.00
4-2100 Discount Taken $0.00
4-2200 Commission Income $0.00
4-3000 Late Fees Collected $0.00
4-4000 Miscellaneous Income $0.00
4-5000 Fuel Tax Credits $0.00
Total Income $0.00
5-0000 Cost of Sales
5-1100 Purchases $0.00
5-2000 Freight $0.00
5-3000 Discount Given $0.00
Total Cost of Sales $0.00
Gross Profit $0.00
6-0000 Expenses
6-0040 Accounting Fees $0.00
6-1000 Advertising $0.00
6-1100 Depreciation- Warehouse Equip $0.00
6-1110 Depreciation-Truck $0.00
6-1120 Depreciation- Furniture & Fix $0.00
6-1130 Depreciation-Warehouse $0.00
6-1300 Subscriptions $0.00
6-1400 Insurance $0.00
6-1500 Late Fees Paid $0.00
6-1600 Legal Fees $0.00
6-1700 Maintenance $0.00
6-1800 Store Supplies $0.00
6-1900 Employment Expenses
6-1910 Staff Amenities $0.00
6-1920 Superannuation $0.00
6-1930 Wages & Salaries $0.00
6-1940 Workers' Compensation $0.00
6-1950 Other Employer Expenses $0.00
Total Employment Expenses $0.00
6-2000 Postage & Shipping $0.00
6-2100 Rent $0.00
6-2150 Shrinkage/Spoilage $0.00
6-2200 Telephone $0.00
6-2300 Travel & Entertainment $0.00
6-2310 Bad Debt $0.00
6-2400 Services
6-2410 Gas $0.00
6-2420 Electricity $0.00
6-2430 Water $0.00
Total Expenses $0.00
Operating Profit $0.00
8-0000 Other Income
8-1000 Interest Income $0.00
Total Other Income $0.00
9-0000 Other Expenses
9-1000 Interest Expense $0.00
9-2000 Income Tax Expense $0.00
Total Other Expenses $0.00
Net Profit / (Loss) $0.00

Surfing Shops Australia- Vishwa Shah
Profit & Loss Statement
7/1/2018
5/13/2019
12:14:10 AM