AutoCount Computerized Accounting Course Book 4th Edition Lecturer’s Guide 1
Chapter 8 Manufacturing Account
Introduction to Chapter 8
This chapter introduces the use of multilevel chart of account in producing manufacturing account. The
given chart of account is just one of many ways to organise your manufacturing account. Learners are
also encouraged to explore the related modules such as Bill of Material and Multi Level Assembly.
This is an independent topic. However it should be scheduled at least after completing chapter 3.
This chapter will need 1 to 2 sessions.
The learners are expected to learn how to:
• Modify/design chart of account for manufacturing environment
• Maintain opening balances for production related GL accounts
• Input transactions involved GL accounts related to production as well as administration
• Maintain stock values of multiple stock accounts
• Produce reports of manufacturing account
© 2015 by Peter Tan,2019 Edited by Nazzel
AutoCount Computerized Accounting Course Book 4th Edition Lecturer’s Guide 2
Task 8.1 Create New Account Book (create sample chart of accounts)
login to any account book
go to File > Manage Account Book
click Create Account Book
key in details as below:
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© 2015 by Peter Tan,2019 Edited by Nazzel
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click Finish….wait until the following message appear, then OK….Close.
go to File > Login to New Account Book….. Yes…Exit Anyway….then login to newly created account
book: Chapter8
© 2015 by Peter Tan,2019 Edited by Nazzel
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© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.2 Chart of Account
Remove accounts
go to G/L > Account Maintenance
click to highlight 305-0000 Other Debtors, click Delete Account ….
click Yes.
do the same for 310-0000 Cash At Bank and 405-0000 Other Creditors
© 2015 by Peter Tan,2019 Edited by Nazzel
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Create a new Bank Account
click to highlight Current Assets account type, click on Bank,Cash,Deposit button… and maintain the
following details:
click Save…
observe the chart of accounts….especially 330-0000 Stock (and its child accounts) and all accounts
under Cost of Goods Sold account type
© 2015 by Peter Tan,2019 Edited by Nazzel
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© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.3 Opening Balance Maintenance
go to G/L > Opening Balance Maintenance
key in the following opening balances… then Save.
© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.4 Cash Receipt
click on the shortcut icon of Cash Receipt
(OR go to G/L > Cash Book Entry > Create a new Cash Transaction, New Receipt Voucher )
(the Voucher No.. is autorun…the Next Possible No: OR-000001)
define Date: 08/01/yyyy
select Payment Method: Bank…. key in Cheque No. RHB 12345
click on ‘+’ button to select [Link].: 500-0000 Sales
key in Amount: 50,000
(the Payment Amount will be auto-filled)
click Save.
© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.5 Cash Payment
click on the shortcut icon of Cash Payment
(OR go to G/L > Cash Book Entry > Create a new Cash Transaction, New Payemnt Voucher)
(the Voucher No.. is autorun…the Next Possible No: PV-000001)
define Date: 08/01/yyyy
select Payment Method: Bank….key in Cheque No. 666001
click on ‘+’ button to select [Link].: 700-1010 Purchases-Raw Material…key in Amount: 5000
click on ‘+’ button to select [Link].: 700-1015 Carriage Inwards…key in Amount: 500
check the checkbox of ‘After save, proceed with new Payment Voucher’
click Save.
© 2015 by Peter Tan,2019 Edited by Nazzel
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repeat the step for PV-000002…
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for PV-000003…
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and for PV-000004…
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Task 8.6 Journal Entry
click on Journal Entry shortcut icon
key in the Description: Depreciation
define the Date: 08/01/yyyy
under Main tab, click on ‘+’ button to select accounts to be debited/credited one by one, and key in
the amounts respectively.
JV-000001 should look like this:
© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.7 Maintain Stock Value
go to G/L > Stock Value Maintenance
key in closing stock value respectively for Jan yyyy ….then Save.
© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.8 View Reports
Account Details Report – Manufacturing Account
go to G/L > Account Details Report
define Date: 31/01/yyyy
Report Format: select Income and Expenses Accounts
click to highlight 700-0000 Manufacturing Account
(observe that the Report Title is changed accordingly)
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click Preview…
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Profit & Loss Statement (show all child-accounts)
go to G/L > Profit and Loss Statement
define Date: 31/01/yyyy
change the Show Up to Level to: 4
uncheck With Percent
click Preview
© 2015 by Peter Tan,2019 Edited by Nazzel
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© 2015 by Peter Tan,2019 Edited by Nazzel
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Balance Sheet (show all child-accounts)
go to G/L > Balance Sheet Statement
define Date: 31/01/yyyy
change the Show Up to Level to: 3
uncheck With Percent
click Preview
© 2015 by Peter Tan,2019 Edited by Nazzel
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© 2015 by Peter Tan,2019 Edited by Nazzel
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Task 8.9 Backup
Backup the account book using Backup Filename: ‘Backup Task 8.9’
- click on Backup To
- wait until the following message appear… OK..Close.
End of chapter
© 2015 by Peter Tan,2019 Edited by Nazzel