G5 erp-upd
- 1. Olympic Sport Club Chart of Accounts Advance Journal
- 3. Olympic Sport Club Set of Book - Chart Of Account : 4 Segments Branch / Department / Account / Line of Business - Calendar : JAN09 – DEC09 - Currency : THB
- 4. 1. Recurring Template You are requested from Chief Accountant to create recurring template for month-end usage as following:
- 5. 1.1 Blank Template for PTD entry of Headcounts for each Branch and Department
- 11. Note:1900 as Headcount code
- 23. Enter headcount for each branch and department (specify only debit column)
- 24. 1.2 Chief Accountant of Bangkok office also want to generate Accrued Rent Expenses from Recurring Journal Template amount 120,000 baht every month- end
- 25. Dr Rent Expense (5200) 120,000 Cr Accrued Rent Expenses (2200) 120,000
- 27. C r D r
- 31. Note: 52 00 as Rent Expenses
- 32. Note:2200 as Accured Rent Expenses
- 36. 1.3 Moreover, Japan Accountant needs Recurring Journal Template to auto calculate Reserve Insurance Fee for Trainer staff under account 5400 Accidental Insurance fee. Budget is 1,240 THB/person/month
- 38. Note:5400 as Accidental Insurance fee
- 40. Note:2300 as Reserve Insurance Fee
- 44. 2. Mass Allocation Journal Olympic 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.
- 45. 2.1 Create necessary Nov 09 Basic Journal transactions
- 48. Note:6500 as Health insurance expense
- 49. 2.2 Mass Allocation Journal Template to allocate Insurance Premium Expenses for each month
- 57. 2.3 Generate Mass Allocation journal for Nov 09
- 63. End