AIN2601
Assignment 6 GUIDELINES Semester 1 2025
Detailed Solutions, References & Explanations
Unique Number: 874342
Due date: 12 May 2025
TABLE OF CONTENTS
SECTION A – COMPANY SETUP ........................................................................... 2
SECTION B – TAKE-ON OF OPENING BALANCES............................................. 17
SECTION C – PROCESSING OF DAILY TRANSACTIONS .................................. 19
SECTION D – MONTH END PROCESSING ......................................................... 37
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 67 171 1739
SECTION A – COMPANY SETUP
Task 1: Create the Company using Setup Assistant
1. Open Pastel Partner.
2. From the main screen, click on “File” > “New”.
3. Name your folder as Eyes Above (or similar) and click “Next”.
4. Under Chart of Accounts, select Generic Chart of Accounts and click
Next.
5. Under Company Info, enter:
o Company Name: Educational No: EA your student number
o Trading Name: EA your student number
o Postal Address: PO Box 3210, Johannesburg, 2000
o Set Financial Year Start Date: 01/05/2025
o Confirm Date format is dd/mm/yyyy
o Use Monthly periods, 12 periods
6. When prompted for Chart of Accounts, choose Generic.
7. Select your printer: Choose a Laser Printer (A4).
8. Click Finish.
�Task 2: Create Supervisor User
1. Click on Setup > Users / Passwords.
2. Click Add or New.
3. Enter:
o User Name: Lebo
o Password: Corporates
o Email:
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 6 GUIDELINES Semester 1 2025
Detailed Solutions, References & Explanations
Unique Number: 874342
Due date: 12 May 2025
TABLE OF CONTENTS
SECTION A – COMPANY SETUP ........................................................................... 2
SECTION B – TAKE-ON OF OPENING BALANCES............................................. 17
SECTION C – PROCESSING OF DAILY TRANSACTIONS .................................. 19
SECTION D – MONTH END PROCESSING ......................................................... 37
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 67 171 1739
SECTION A – COMPANY SETUP
Task 1: Create the Company using Setup Assistant
1. Open Pastel Partner.
2. From the main screen, click on “File” > “New”.
3. Name your folder as Eyes Above (or similar) and click “Next”.
4. Under Chart of Accounts, select Generic Chart of Accounts and click
Next.
5. Under Company Info, enter:
o Company Name: Educational No: EA your student number
o Trading Name: EA your student number
o Postal Address: PO Box 3210, Johannesburg, 2000
o Set Financial Year Start Date: 01/05/2025
o Confirm Date format is dd/mm/yyyy
o Use Monthly periods, 12 periods
6. When prompted for Chart of Accounts, choose Generic.
7. Select your printer: Choose a Laser Printer (A4).
8. Click Finish.
�Task 2: Create Supervisor User
1. Click on Setup > Users / Passwords.
2. Click Add or New.
3. Enter:
o User Name: Lebo
o Password: Corporates
o Email:
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
