The Vivid Accounting System

Business Setup

Business NameSAMPLE COMPANY

Business Type Sole Trader Fixed, will update

Owner's Name Phillip Wong

Start Date 4/1/2022 Format: DD/MM/YY

End Date 6/30/2022 Format: DD/MM/YY

Jurisdiction Australia Locked for now, will upate.

ABN/ID number26 008 672 179

Date Format DD/MM/YY Localsied

Currency AUD - $0.00 (show cents) Localsied

GST/VAT? Yes - registered for GST/VAT GST in Aust, VAT elsewhere

Goods sold? Yes, Show Gross Profit Locked, will update

VersionType Commercial (SME/Charity)

Version# 0.3.35Beta Fixed

Report Bugs
Here
CA CL

NCA NCL
Notes for Instructors & Users Cont

COGS Eq

What do the colours mean? Ex R

YouTube guide youtu.be/Rf2FcUyafss
Loss Gain
Download: PDF Poster the accounting process
Website tetracarbon.com/excel-accounting-app

FAQ:
Q: Can I add rows?
A: NO! Adding rows will break the code.
Ask me to modify the software if you need more accounts or rows.
Q: Why can't I just add rows?
A: You will break the auto-posting code. Don't do it.
Q: What is the password (so I can use your source code)?
A: This is a finished product. Source code is not publicly available.
Please email me if you would like specific tweaks.

What this spreadsheet does:

▪ This is the student version (Free)
▪ A complete double entry accounting software written in Excel, zero VBA or macros.
▪ Full functioning model built for education
▪ General journal limited to 1000 lines
▪ Allows for GST: ABN on reports, GST on purchases & sales
 ▪ Journals narrations included

The business version is still in development. It will include:

▪ CSV import from bank records
▪ Invoice generation
▪ Price lists for goods & services offered
▪ Expanded accounts: 30 expenses
Enough for monthly accounts for a micro business or community club

University Edition (for teachers and institutions):

▪ Dynamically generate individual questions using student numbers as a unique seed
▪ Automate marking and feedback - programming required
▪ Generates source documentation for students to process
▪ Allows different business entities (Companies, Partnerships Trusts, Super Funds)
▪ Manual posting allowing students to learn the accounting process
▪ Include special journals and or subsidiary ledgers
▪ Includes OCI & revaluations
▪ Allow for group consolidation worksheets
Other versions written in MS Access are also in development.

Email me for other versions

Systems can be customised to your specific needs

Who made this?

Find Phillip on:
YouTube youtube.com/c/tetracarbon
My Website tetracarbon.com/
LinkedIn linkedin.com/in/tetracarbon/
Facebook facebook.com/economista
Twitter twitter.com/Tetracarbon
Email [email protected]

Sharing & Learning

Feel free to share this with anyone who can benefit
Terms and Conditions of use below

In using this product you agree to the following

1 I (Phillip Wong) retain all rights to this work. You will acknowledge Phillip as the original creator. You will not pass this off as your own.
2 You are welcome to use this product to prepare accounts for commercial clients.
3 The product itself is free. This means:
You are welcome to share this product with anyone.
You will not sell this product or charge for the provision of this product.
You CAN charge for your time in preparing accounts using this product.
You CAN charge for accounting advice based on accounts prepared using this product.
4 You will not attempt to: modify locked aspects of the product, reverse engineer the product, or develop a competitor product.
5 Phillip retains full copyright to the specific colours as a method for teaching accounting. The colours are trademarked.
an benefit!

s off as your own.

r product.
 SAMPLE COMPANY
Chart of Accounts

Account Account Name Account

No Type
100 [ Current Assets ] ###
101 Cash at Bank CA
102 Accounts Receivable CA
103 Inventory CA
104 Add your own accounts here CA
105 Current asset 1 CA
106 Current asset 2 CA
107 Current asset 3 CA
150 [ Non Current Assets ] ###
151 Video Equipment NCA
152 Acc Depn - Video Equipment ContA
153 Delivery Van NCA
154 Acc Depn - Delivery Van ContA
155 Land NCA
200 [ Current Liabilities ] ###
201 Accounts Payable CL
202 GST Clearing CL
203 Current liability 1 CL
204 Current liability 2 CL
205 Current liability 3 CL
250 [ Non Current Liabilities ] ###
251 Bank Loan NCL
252 Director's Loan NCL
253 NCA 1 NCL
300 [ Owners Equity ] ###
301 Capital - Phillip Wong Eq
302 Drawings - Phillip Wong ContEq
400 [ Income ] ###
401 Product Sales R
402 Ad revenue R
403 Rental income R
500 [ Cost of Goods Sold ] ###
501 Cost of Goods Sold COGS
502 Purchases COGS
600 [ Expenses ] ###
601 Studio Rent Expense Ex
602 Advertising Expense Ex
603 Bank fees Ex
604 Internet & Telephone Expense Ex
605 Utilities Expense Ex
606 Delivery & Freight Expense Ex
607 Insurance Expense Ex
608 Interest Expense Ex
609 Depreciation Expense Ex
610 Income Tax Expense Ex
Ex
 SAMPLE COMPANY
Opening Trial Balance
As at 01 Apr 2022
Opening
at 01/04/22
Acc
No Account Name Dr Cr
100 [ Current Assets ]
101 Cash at Bank 16,251.00 ###
102 Accounts Receivable 2,500.00 ###
103 Inventory 4,560.00 ###
104 Add your own accounts here 1,400.00 ###
105 Current asset 1 ###
106 Current asset 2 ###
107 Current asset 3 ###
150 [ Non Current Assets ] ###
151 Video Equipment 10,400.00 ###
152 Acc Depn - Video Equipment 2,400.00 ###
153 Delivery Van 30,000.00 ###
154 Acc Depn - Delivery Van 6,500.00 ###
155 Land 180,000.00 ###
200 [ Current Liabilities ] ###
201 Accounts Payable 300.00 ###
202 GST Clearing ###
203 Current liability 1 ###
204 Current liability 2 ###
205 Current liability 3 ###
250 [ Non Current Liabilities ] ###
251 Bank Loan 144,000.00 ###
252 Director's Loan 80,000.00 ###
253 NCA 1 ###
300 [ Owners Equity ] ###
301 Capital - Phillip Wong 11,911.00 ###
302 Drawings - Phillip Wong ###
400 [ Income ] ###
401 Product Sales ###
402 Ad revenue ###
403 Rental income ###
500 [ Cost of Goods Sold ] ###
501 Cost of Goods Sold ###
502 Purchases ###
600 [ Expenses ] ###
601 Studio Rent Expense ###
602 Advertising Expense ###
603 Bank fees ###
604 Internet & Telephone Expense ###
605 Utilities Expense ###
606 Delivery & Freight Expense ###
607 Insurance Expense ###
608 Interest Expense ###
609 Depreciation Expense ###
610 Income Tax Expense ###
###
### ### ###
 SAMPLE COMPANY
General Journal 0 = Not blank
For the period ending 30 Jun 2022 1 = blank
↓↓↓↓
4,895 4,895 unused
Post
Row Ref Date Account ▲▼ Debit Credit Narration RowIsBlank
Ref
1 GJ1 4/1/2022 Cash at Bank 101 CA▲ 450.00 Received cash from client data ###
2 Accounts Receivable 102 CA▼ 450.00 This is example data. Delete this for your own work. ###
3 ###
4 GJ2 4/2/2022 Cash at Bank 101 CA▼ 110.00 Paid advertising here. ###
5 Advertising Expense 602 Ex▲ 100.00 (second narration here for advertising) ###
6 GST Clearing 202 CL▼ 10.00 ###
7 ###
8 GJ3 4/2/2022 Delivery & Freight Expense 606 Ex▲ 210.00 Paid for shipping ###
9 GST Clearing 202 CL▼ 21.00 ###
10 Cash at Bank 101 CA▼ 231.00 ###
11 ###
12 GJ4 4/3/2022 Cash at Bank 101 CA▲ 1,551.00 Sold 40 units at $35.25 + GST ###
13 GST Clearing 202 CL▲ 141.00 ###
14 Product Sales 401 R▲ 1,410.00 ###
15 ###
16 GJ5 4/3/2022 Bank fees 603 Ex▲ 10.00 Bank fees paid ###
17 Cash at Bank 101 CA▼ 10.00 ###
18 ###
19 GJ6 4/3/2022 Video equipment 151 NCA▲ 2,150.00 Purchased new video kit: cameras, lenses, and misc. items ###
20 GST Clearing 202 CL▼ 215.00 ###
21 Accounts Payable 201 CL▲ 2,365.00 ###
22 ###
23 GJ7 4/3/2022 Cash at Bank 101 CA▲ 120.00 YouTube AdSense income. ###
24 Ad revenue 402 R▲ 120.00 ###
25 ###
26 GJ8 4/5/2022 GST Clearing 202 CL▼ 5.24 Paid phone bill ###
27 Internet & Telephone Expens 604 Ex▲ 52.41 ###
28 Cash at Bank 101 CA▼ 57.65 ###
29 ###
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 SAMPLE COMPANY
General Ledger
For the period ending 30 Jun 2022

ASSETS - 100+
101 Cash at Bank
7 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 16,251.00 16,251.00 Dr
2 4/1/2022 Accounts Receivable GJ1 450.00 16,701.00 Dr
3 4/2/2022 Advertising Expense, GST Clearing GJ2 110.00 16,591.00 Dr
4 4/2/2022 Delivery & Freight Expense, GST Clearing GJ3 231.00 16,360.00 Dr
5 4/3/2022 GST Clearing, Product Sales GJ4 1,551.00 17,911.00 Dr
6 4/3/2022 Bank fees GJ5 10.00 17,901.00 Dr
7 4/3/2022 Ad revenue GJ7 120.00 18,021.00 Dr
8 4/5/2022 GST Clearing, Internet & Telephone Expen GJ8 57.65 17,963.35 Dr
9 17,963.35 Dr
10 17,963.35 Dr
11 17,963.35 Dr
12 17,963.35 Dr
13 17,963.35 Dr
14 17,963.35 Dr
15 17,963.35 Dr
16 17,963.35 Dr
17 17,963.35 Dr
18 17,963.35 Dr
19 17,963.35 Dr
20 17,963.35 Dr
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22 17,963.35 Dr
23 17,963.35 Dr
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71 17,963.35 Dr
72 17,963.35 Dr
73 17,963.35 Dr
74 17,963.35 Dr
75 17,963.35 Dr
76 17,963.35 Dr
77 17,963.35 Dr
78 17,963.35 Dr
79 17,963.35 Dr
80 17,963.35 Dr
81 17,963.35 Dr
82 17,963.35 Dr
83 17,963.35 Dr
84 17,963.35 Dr
85 17,963.35 Dr
86 17,963.35 Dr
87 17,963.35 Dr
88 17,963.35 Dr
89 17,963.35 Dr
90 17,963.35 Dr
91 17,963.35 Dr
92 17,963.35 Dr
93 17,963.35 Dr
94 17,963.35 Dr
95 17,963.35 Dr
96 17,963.35 Dr
97 17,963.35 Dr
98 17,963.35 Dr
99 17,963.35 Dr
100 17,963.35 Dr
101 17,963.35 Dr
102 17,963.35 Dr
103 17,963.35 Dr
104 17,963.35 Dr
105 17,963.35 Dr
106 17,963.35 Dr
107 17,963.35 Dr
108 17,963.35 Dr
109 17,963.35 Dr
110 17,963.35 Dr
111 17,963.35 Dr
112 17,963.35 Dr
113 17,963.35 Dr
114 17,963.35 Dr
115 17,963.35 Dr
116 17,963.35 Dr
117 17,963.35 Dr
118 17,963.35 Dr
119 17,963.35 Dr
120 17,963.35 Dr
121 17,963.35 Dr
122 17,963.35 Dr
123 17,963.35 Dr
124 17,963.35 Dr
125 17,963.35 Dr
126 17,963.35 Dr
127 17,963.35 Dr
128 17,963.35 Dr
129 17,963.35 Dr
130 17,963.35 Dr
131 17,963.35 Dr
132 17,963.35 Dr
133 17,963.35 Dr
134 17,963.35 Dr
135 17,963.35 Dr
136 17,963.35 Dr
137 17,963.35 Dr
138 17,963.35 Dr
139 17,963.35 Dr
140 17,963.35 Dr
141 17,963.35 Dr
142 17,963.35 Dr
143 17,963.35 Dr
144 17,963.35 Dr
145 17,963.35 Dr
146 17,963.35 Dr
147 17,963.35 Dr
148 17,963.35 Dr
149 17,963.35 Dr
150 17,963.35 Dr
151 17,963.35 Dr
152 17,963.35 Dr
153 17,963.35 Dr
154 17,963.35 Dr
155 17,963.35 Dr
156 17,963.35 Dr
157 17,963.35 Dr
158 17,963.35 Dr
159 17,963.35 Dr
160 17,963.35 Dr
161 17,963.35 Dr
162 17,963.35 Dr
163 17,963.35 Dr
164 17,963.35 Dr
165 17,963.35 Dr
166 17,963.35 Dr
167 17,963.35 Dr
168 17,963.35 Dr
169 17,963.35 Dr
170 17,963.35 Dr
171 17,963.35 Dr
172 17,963.35 Dr
173 17,963.35 Dr
174 17,963.35 Dr
175 17,963.35 Dr
176 17,963.35 Dr
177 17,963.35 Dr
178 17,963.35 Dr
179 17,963.35 Dr
180 17,963.35 Dr
181 17,963.35 Dr
182 17,963.35 Dr
183 17,963.35 Dr
184 17,963.35 Dr
185 17,963.35 Dr
186 17,963.35 Dr
187 17,963.35 Dr
188 17,963.35 Dr
189 17,963.35 Dr
190 17,963.35 Dr
191 17,963.35 Dr
192 17,963.35 Dr
193 17,963.35 Dr
194 17,963.35 Dr
195 17,963.35 Dr
196 17,963.35 Dr
197 17,963.35 Dr
198 17,963.35 Dr
199 17,963.35 Dr
200 6/30/2022 Closing balance 17,963.35 Dr

102 Accounts Receivable

1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 2,500.00 2,500.00 Dr
2 4/1/2022 Cash at Bank GJ1 450.00 2,050.00 Dr
3 2,050.00 Dr
4 2,050.00 Dr
5 2,050.00 Dr
6 2,050.00 Dr
7 2,050.00 Dr
8 2,050.00 Dr
9 2,050.00 Dr
10 2,050.00 Dr
11 2,050.00 Dr
12 2,050.00 Dr
13 2,050.00 Dr
14 2,050.00 Dr
15 2,050.00 Dr
16 2,050.00 Dr
17 2,050.00 Dr
18 2,050.00 Dr
19 2,050.00 Dr
20 2,050.00 Dr
21 2,050.00 Dr
22 2,050.00 Dr
23 2,050.00 Dr
24 2,050.00 Dr
25 2,050.00 Dr
26 2,050.00 Dr
27 2,050.00 Dr
28 2,050.00 Dr
29 2,050.00 Dr
30 2,050.00 Dr
31 2,050.00 Dr
32 2,050.00 Dr
33 2,050.00 Dr
34 2,050.00 Dr
35 2,050.00 Dr
36 2,050.00 Dr
37 2,050.00 Dr
38 2,050.00 Dr
39 2,050.00 Dr
40 2,050.00 Dr
41 2,050.00 Dr
42 2,050.00 Dr
43 2,050.00 Dr
44 2,050.00 Dr
45 2,050.00 Dr
46 2,050.00 Dr
47 2,050.00 Dr
48 2,050.00 Dr
49 2,050.00 Dr
50 6/30/2022 Closing balance 2,050.00 Dr
103 Inventory
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 4,560.00 4,560.00 Dr
2 4,560.00 Dr
3 4,560.00 Dr
4 4,560.00 Dr
5 4,560.00 Dr
6 4,560.00 Dr
7 4,560.00 Dr
8 4,560.00 Dr
9 4,560.00 Dr
10 4,560.00 Dr
11 4,560.00 Dr
12 4,560.00 Dr
13 4,560.00 Dr
14 4,560.00 Dr
15 4,560.00 Dr
16 4,560.00 Dr
17 4,560.00 Dr
18 4,560.00 Dr
19 4,560.00 Dr
20 4,560.00 Dr
21 4,560.00 Dr
22 4,560.00 Dr
23 4,560.00 Dr
24 4,560.00 Dr
25 4,560.00 Dr
26 4,560.00 Dr
27 4,560.00 Dr
28 4,560.00 Dr
29 4,560.00 Dr
30 4,560.00 Dr
31 4,560.00 Dr
32 4,560.00 Dr
33 4,560.00 Dr
34 4,560.00 Dr
35 4,560.00 Dr
36 4,560.00 Dr
37 4,560.00 Dr
38 4,560.00 Dr
39 4,560.00 Dr
40 4,560.00 Dr
41 4,560.00 Dr
42 4,560.00 Dr
43 4,560.00 Dr
44 4,560.00 Dr
45 4,560.00 Dr
46 4,560.00 Dr
47 4,560.00 Dr
48 4,560.00 Dr
49 4,560.00 Dr
50 6/30/2022 Closing balance 4,560.00 Dr

104 Add your own accounts here

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 1,400.00 1,400.00 Dr
2 1,400.00 Dr
3 1,400.00 Dr
4 1,400.00 Dr
5 1,400.00 Dr
6 1,400.00 Dr
7 1,400.00 Dr
8 1,400.00 Dr
9 1,400.00 Dr
10 1,400.00 Dr
11 1,400.00 Dr
12 1,400.00 Dr
13 1,400.00 Dr
14 1,400.00 Dr
15 1,400.00 Dr
16 1,400.00 Dr
17 1,400.00 Dr
18 1,400.00 Dr
19 1,400.00 Dr
20 6/30/2022 Closing balance 1,400.00 Dr

105 Current asset 1

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

106 Current asset 2

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

107 Current asset 3

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 6/30/2022 Closing balance -

151 Video Equipment

1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 10,400.00 10,400.00 Dr
2 4/3/2022 GST Clearing, Accounts Payable GJ6 2,150.00 12,550.00 Dr
3 12,550.00 Dr
4 12,550.00 Dr
5 12,550.00 Dr
6 12,550.00 Dr
7 12,550.00 Dr
8 12,550.00 Dr
9 12,550.00 Dr
10 12,550.00 Dr
11 12,550.00 Dr
12 12,550.00 Dr
13 12,550.00 Dr
14 12,550.00 Dr
15 6/30/2022 Closing balance 12,550.00 Dr

152 Acc Depn - Video Equipment

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 2,400.00 2,400.00 Cr
2 2,400.00 Cr
3 2,400.00 Cr
4 2,400.00 Cr
5 2,400.00 Cr
6 2,400.00 Cr
7 2,400.00 Cr
8 2,400.00 Cr
9 2,400.00 Cr
10 2,400.00 Cr
11 2,400.00 Cr
12 2,400.00 Cr
13 2,400.00 Cr
14 2,400.00 Cr
15 6/30/2022 Closing balance 2,400.00 Cr
 153 Delivery Van
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 30,000.00 30,000.00 Dr
2 30,000.00 Dr
3 30,000.00 Dr
4 30,000.00 Dr
5 30,000.00 Dr
6 30,000.00 Dr
7 30,000.00 Dr
8 30,000.00 Dr
9 30,000.00 Dr
10 30,000.00 Dr
11 30,000.00 Dr
12 30,000.00 Dr
13 30,000.00 Dr
14 30,000.00 Dr
15 6/30/2022 Closing balance 30,000.00 Dr

154 Acc Depn - Delivery Van

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 6,500.00 6,500.00 Cr
2 6,500.00 Cr
3 6,500.00 Cr
4 6,500.00 Cr
5 6,500.00 Cr
6 6,500.00 Cr
7 6,500.00 Cr
8 6,500.00 Cr
9 6,500.00 Cr
10 6,500.00 Cr
11 6,500.00 Cr
12 6,500.00 Cr
13 6,500.00 Cr
14 6,500.00 Cr
15 6/30/2022 Closing balance 6,500.00 Cr

155 Land
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 180,000.00 180,000.00 Dr
2 180,000.00 Dr
3 180,000.00 Dr
4 180,000.00 Dr
5 180,000.00 Dr
6 180,000.00 Dr
7 180,000.00 Dr
8 180,000.00 Dr
9 180,000.00 Dr
10 180,000.00 Dr
11 180,000.00 Dr
12 180,000.00 Dr
13 180,000.00 Dr
14 180,000.00 Dr
15 6/30/2022 Closing balance 180,000.00 Dr

LIABILITIES - 200+
201 Accounts Payable
1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 300.00 300.00 Cr
2 4/3/2022 Video equipment, GST Clearing GJ6 2,365.00 2,665.00 Cr
3 2,665.00 Cr
4 2,665.00 Cr
5 2,665.00 Cr
6 2,665.00 Cr
7 2,665.00 Cr
8 2,665.00 Cr
9 2,665.00 Cr
10 2,665.00 Cr
11 2,665.00 Cr
12 2,665.00 Cr
13 2,665.00 Cr
14 2,665.00 Cr
15 2,665.00 Cr
16 2,665.00 Cr
17 2,665.00 Cr
18 2,665.00 Cr
19 2,665.00 Cr
20 2,665.00 Cr
21 2,665.00 Cr
22 2,665.00 Cr
23 2,665.00 Cr
24 2,665.00 Cr
25 2,665.00 Cr
26 2,665.00 Cr
27 2,665.00 Cr
28 2,665.00 Cr
29 2,665.00 Cr
30 2,665.00 Cr
31 2,665.00 Cr
32 2,665.00 Cr
33 2,665.00 Cr
34 2,665.00 Cr
35 2,665.00 Cr
36 2,665.00 Cr
37 2,665.00 Cr
38 2,665.00 Cr
39 2,665.00 Cr
40 2,665.00 Cr
41 2,665.00 Cr
42 2,665.00 Cr
43 2,665.00 Cr
44 2,665.00 Cr
45 2,665.00 Cr
46 2,665.00 Cr
47 2,665.00 Cr
48 2,665.00 Cr
49 2,665.00 Cr
50 2,665.00 Cr
51 2,665.00 Cr
52 2,665.00 Cr
53 2,665.00 Cr
54 2,665.00 Cr
55 6/30/2022 Closing balance 2,665.00 Cr

202 GST Clearing

5 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/2/2022 Cash at Bank, Advertising Expense GJ2 10.00 10.00 Dr
3 4/2/2022 Delivery & Freight Expense, Cash at Bank GJ3 21.00 31.00 Dr
4 4/3/2022 Cash at Bank, Product Sales GJ4 141.00 110.00 Cr
5 4/3/2022 Video equipment, Accounts Payable GJ6 215.00 105.00 Dr
6 4/5/2022 Internet & Telephone Expense, Cash at Ba GJ8 5.24 110.24 Dr
7 110.24 Dr
8 110.24 Dr
9 110.24 Dr
10 110.24 Dr
11 110.24 Dr
12 110.24 Dr
13 110.24 Dr
14 110.24 Dr
15 110.24 Dr
16 110.24 Dr
17 110.24 Dr
18 110.24 Dr
19 110.24 Dr
20 110.24 Dr
21 110.24 Dr
22 110.24 Dr
23 110.24 Dr
24 110.24 Dr
25 110.24 Dr
26 110.24 Dr
27 110.24 Dr
28 110.24 Dr
29 110.24 Dr
30 110.24 Dr
31 110.24 Dr
32 110.24 Dr
33 110.24 Dr
34 110.24 Dr
35 110.24 Dr
36 110.24 Dr
37 110.24 Dr
38 110.24 Dr
39 110.24 Dr
40 110.24 Dr
41 110.24 Dr
42 110.24 Dr
43 110.24 Dr
44 110.24 Dr
45 110.24 Dr
46 110.24 Dr
47 110.24 Dr
48 110.24 Dr
49 110.24 Dr
50 110.24 Dr
51 110.24 Dr
52 110.24 Dr
53 110.24 Dr
54 110.24 Dr
55 110.24 Dr
56 110.24 Dr
57 110.24 Dr
58 110.24 Dr
59 110.24 Dr
60 110.24 Dr
61 110.24 Dr
62 110.24 Dr
63 110.24 Dr
64 110.24 Dr
65 110.24 Dr
66 110.24 Dr
67 110.24 Dr
68 110.24 Dr
69 110.24 Dr
70 110.24 Dr
71 110.24 Dr
72 110.24 Dr
73 110.24 Dr
74 110.24 Dr
75 110.24 Dr
76 110.24 Dr
77 110.24 Dr
78 110.24 Dr
79 110.24 Dr
80 110.24 Dr
81 110.24 Dr
82 110.24 Dr
83 110.24 Dr
84 110.24 Dr
85 110.24 Dr
86 110.24 Dr
87 110.24 Dr
88 110.24 Dr
89 110.24 Dr
90 110.24 Dr
91 110.24 Dr
92 110.24 Dr
 93 110.24 Dr
94 110.24 Dr
95 110.24 Dr
96 110.24 Dr
97 110.24 Dr
98 110.24 Dr
99 110.24 Dr
100 110.24 Dr
101 110.24 Dr
102 110.24 Dr
103 110.24 Dr
104 110.24 Dr
105 110.24 Dr
106 110.24 Dr
107 110.24 Dr
108 110.24 Dr
109 110.24 Dr
110 110.24 Dr
111 110.24 Dr
112 6/30/2022 Closing balance 110.24 Dr

203 Current liability 1

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

204 Current liability 2

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -
205 Current liability 3
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

251 Bank Loan

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 144,000.00 144,000.00 Cr
2 144,000.00 Cr
3 144,000.00 Cr
4 144,000.00 Cr
5 144,000.00 Cr
6 144,000.00 Cr
7 144,000.00 Cr
8 144,000.00 Cr
9 144,000.00 Cr
10 144,000.00 Cr
11 144,000.00 Cr
12 144,000.00 Cr
13 144,000.00 Cr
14 144,000.00 Cr
15 6/30/2022 Closing balance 144,000.00 Cr

252 Director's Loan

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 80,000.00 80,000.00 Cr
2 80,000.00 Cr
3 80,000.00 Cr
4 80,000.00 Cr
5 80,000.00 Cr
6 80,000.00 Cr
7 80,000.00 Cr
8 80,000.00 Cr
9 80,000.00 Cr
10 80,000.00 Cr
11 80,000.00 Cr
12 80,000.00 Cr
13 80,000.00 Cr
14 80,000.00 Cr
15 6/30/2022 Closing balance 80,000.00 Cr

253 NCA 1
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
 7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 6/30/2022 Closing balance -

EQUITY - 300+
301 Capital - Phillip Wong
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A 11,911.00 11,911.00 Cr
2 11,911.00 Cr
3 11,911.00 Cr
4 11,911.00 Cr
5 11,911.00 Cr
6 11,911.00 Cr
7 11,911.00 Cr
8 11,911.00 Cr
9 11,911.00 Cr
10 6/30/2022 Closing balance 11,911.00 Cr

302 Drawings - Phillip Wong

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

REVENUE - 400
401 Product Sales
1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/3/2022 Cash at Bank, GST Clearing GJ4 1,410.00 1,410.00 Cr
3 1,410.00 Cr
4 1,410.00 Cr
5 1,410.00 Cr
6 1,410.00 Cr
7 1,410.00 Cr
8 1,410.00 Cr
9 1,410.00 Cr
10 1,410.00 Cr
11 1,410.00 Cr
12 1,410.00 Cr
13 1,410.00 Cr
14 1,410.00 Cr
15 1,410.00 Cr
16 1,410.00 Cr
17 1,410.00 Cr
18 1,410.00 Cr
19 1,410.00 Cr
20 1,410.00 Cr
21 1,410.00 Cr
22 1,410.00 Cr
23 1,410.00 Cr
24 1,410.00 Cr
25 1,410.00 Cr
26 1,410.00 Cr
27 1,410.00 Cr
28 1,410.00 Cr
29 1,410.00 Cr
30 1,410.00 Cr
31 1,410.00 Cr
32 1,410.00 Cr
33 1,410.00 Cr
34 1,410.00 Cr
35 1,410.00 Cr
36 1,410.00 Cr
37 1,410.00 Cr
38 1,410.00 Cr
39 1,410.00 Cr
40 1,410.00 Cr
41 1,410.00 Cr
42 1,410.00 Cr
43 1,410.00 Cr
44 1,410.00 Cr
45 1,410.00 Cr
46 1,410.00 Cr
47 1,410.00 Cr
48 1,410.00 Cr
49 1,410.00 Cr
50 6/30/2022 Closing balance 1,410.00 Cr
402 Ad revenue
1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/3/2022 Cash at Bank GJ7 120.00 120.00 Cr
3 120.00 Cr
4 120.00 Cr
5 120.00 Cr
6 120.00 Cr
7 120.00 Cr
8 120.00 Cr
9 120.00 Cr
10 120.00 Cr
11 120.00 Cr
12 120.00 Cr
13 120.00 Cr
14 120.00 Cr
15 120.00 Cr
16 120.00 Cr
17 120.00 Cr
18 120.00 Cr
19 120.00 Cr
20 120.00 Cr
21 120.00 Cr
22 120.00 Cr
23 120.00 Cr
24 120.00 Cr
25 120.00 Cr
26 120.00 Cr
27 120.00 Cr
28 120.00 Cr
29 120.00 Cr
30 120.00 Cr
31 120.00 Cr
32 120.00 Cr
33 120.00 Cr
34 120.00 Cr
35 120.00 Cr
36 120.00 Cr
37 120.00 Cr
38 120.00 Cr
39 120.00 Cr
40 120.00 Cr
41 120.00 Cr
42 120.00 Cr
43 120.00 Cr
44 120.00 Cr
45 120.00 Cr
46 120.00 Cr
47 120.00 Cr
48 120.00 Cr
49 120.00 Cr
50 6/30/2022 Closing balance 120.00 Cr

403 Rental income

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 6/30/2022 Closing balance -
COST OF GOODS SOLD - 500+
501 Cost of Goods Sold
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
 67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 6/30/2022 Closing balance -

502 Purchases
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
 34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 6/30/2022 Closing balance -

EXPENSES - 600+
601 Studio Rent Expense
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

602 Advertising Expense

1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/2/2022 Cash at Bank, GST Clearing GJ2 100.00 100.00 Dr
3 100.00 Dr
4 100.00 Dr
5 100.00 Dr
6 100.00 Dr
7 100.00 Dr
8 100.00 Dr
9 100.00 Dr
10 100.00 Dr
11 100.00 Dr
12 100.00 Dr
13 100.00 Dr
14 100.00 Dr
15 100.00 Dr
16 100.00 Dr
17 100.00 Dr
18 100.00 Dr
19 100.00 Dr
20 6/30/2022 Closing balance 100.00 Dr

603 Bank fees

1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/3/2022 Cash at Bank GJ5 10.00 10.00 Dr
3 10.00 Dr
4 10.00 Dr
5 10.00 Dr
6 10.00 Dr
7 10.00 Dr
8 10.00 Dr
9 10.00 Dr
10 10.00 Dr
11 10.00 Dr
12 10.00 Dr
13 10.00 Dr
14 10.00 Dr
15 10.00 Dr
16 10.00 Dr
17 10.00 Dr
18 10.00 Dr
19 10.00 Dr
20 6/30/2022 Closing balance 10.00 Dr

604 Internet & Telephone Expense

1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/5/2022 GST Clearing, Cash at Bank GJ8 52.41 52.41 Dr
3 52.41 Dr
4 52.41 Dr
5 52.41 Dr
6 52.41 Dr
7 52.41 Dr
8 52.41 Dr
9 52.41 Dr
10 52.41 Dr
11 52.41 Dr
12 52.41 Dr
13 52.41 Dr
14 52.41 Dr
15 52.41 Dr
16 52.41 Dr
17 52.41 Dr
18 52.41 Dr
19 52.41 Dr
20 6/30/2022 Closing balance 52.41 Dr

605 Utilities Expense

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -
606 Delivery & Freight Expense
1 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 4/2/2022 GST Clearing, Cash at Bank GJ3 210.00 210.00 Dr
3 210.00 Dr
4 210.00 Dr
5 210.00 Dr
6 210.00 Dr
7 210.00 Dr
8 210.00 Dr
9 210.00 Dr
10 210.00 Dr
11 210.00 Dr
12 210.00 Dr
13 210.00 Dr
14 210.00 Dr
15 210.00 Dr
16 210.00 Dr
17 210.00 Dr
18 210.00 Dr
19 210.00 Dr
20 6/30/2022 Closing balance 210.00 Dr

607 Insurance Expense

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

608 Interest Expense

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -
609 Depreciation Expense
0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 7/31/2020 Closing balance -

610 Income Tax Expense

0 Date Explanation Post Ref Debit Credit Balance
1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -

Date Explanation Post Ref Debit Credit Balance

1 4/1/2022 Opening balance N/A -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 6/30/2022 Closing balance -
 SAMPLE COMPANY
Trial Balance
For the period from 01 Apr 2022, and ending 30 Jun 2022
Opening Closing
at 01/04/22 at 30/06/22 Change
Acc
No Account Name Dr Cr Dr Cr Net
100 [ Current Assets ]
101 Cash at Bank 16,251.00 17,963.35 1,712▲
102 Accounts Receivable 2,500.00 2,050.00 -450▼
103 Inventory 4,560.00 4,560.00
104 Add your own accounts here 1,400.00 1,400.00
105 Current asset 1
106 Current asset 2
107 Current asset 3
150 [ Non Current Assets ]
151 Video Equipment 10,400.00 12,550.00 2,150▲
152 Acc Depn - Video Equipment 2,400.00 2,400.00
153 Delivery Van 30,000.00 30,000.00
154 Acc Depn - Delivery Van 6,500.00 6,500.00
155 Land 180,000.00 180,000.00
200 [ Current Liabilities ]
201 Accounts Payable 300.00 2,665.00 2,365▲
202 GST Clearing 110.24 -110▼
203 Current liability 1
204 Current liability 2
205 Current liability 3
250 [ Non Current Liabilities ]
251 Bank Loan 144,000.00 144,000.00
252 Director's Loan 80,000.00 80,000.00
253 NCA 1
300 [ Owners Equity ]
301 Capital - Phillip Wong 11,911.00 11,911.00
302 Drawings - Phillip Wong
400 [ Income ]
401 Product Sales 1,410.00 1,410▲
402 Ad revenue 120.00 120▲
403 Rental income
500 [ Cost of Goods Sold ]
501 Cost of Goods Sold
502 Purchases
600 [ Expenses ]
601 Studio Rent Expense
602 Advertising Expense 100.00 100▲
603 Bank fees 10.00 10▲
604 Internet & Telephone Expense 52.41 52▲
605 Utilities Expense
606 Delivery & Freight Expense 210.00 210▲
607 Insurance Expense
608 Interest Expense
609 Depreciation Expense
610 Income Tax Expense

245,111.00 245,111.00 249,006.00 249,006.00

 SAMPLE COMPANY
ABN 26 008 672 179

Income Statement
For the period from 01 Apr 2022, and ending 30 Jun 2022

$ $
Income
Product Sales 1,410.00
less Cost of Goods Sold -

Gross Profit 1,410.00

Other Operating Revenue:

Ad revenue 120.00
Rental income -

Operating Expenses:
Studio Rent Expense -
Advertising Expense 100.00
Bank fees 10.00
Internet & Telephone Expense 52.41
Utilities Expense -
Delivery & Freight Expense 210.00
Insurance Expense -
Interest Expense -
Depreciation Expense -
Income Tax Expense -
-
Total Operating Expenses 372.41

Net Operating Profit 1,157.59

Other Non-Operating Items

Interest Expense -

Total Non-Operating items -

Net Income 1,157.59

 SAMPLE COMPANY
ABN 26 008 672 179

Balance Sheet
As at 30 Jun 2022
Assets Liabilities

Current Assets $ Current Liabilities $

Cash at Bank 17,963.35 Accounts Payable 2,665.00
Accounts Receivable 2,050.00 GST Clearing (110.24)
Inventory 4,560.00 Current liability 1 -
Add your own accounts here 1,400.00 Current liability 2 -
Current asset 1 - Current liability 3 -
Current asset 2 - -
Current asset 3 -

Total Current Liabilities 2,554.76

Non-Current Liabilities
Total Current Assets 25,973.35 Bank Loan 144,000.00
Director's Loan 80,000.00
Non-Current Assets NCA 1 -
Video Equipment 12,550.00
Acc Depn - Video Equipment (2,400.00) Total Non-Current Liabilities 224,000.00
Delivery Van 30,000.00 Total Liabilities: ###
Acc Depn - Delivery Van (6,500.00)
Land 180,000.00 Equity

Capital - Phillip Wong 11,911.00

Drawings - Phillip Wong -

Profit or Loss 1,157.59

Total Non-Current Assets 213,650.00 Total Equity 13,068.59

Total Assets: ### Total Liabilities & Equity: ###