Referencing Styles : APA REMEMBER YOU ARE ASSUMING IT IS NOW 1 January 2017 and is your first day at work in your new role as Accountant with Hi-Fi Way. Your first task is to convert the existing manual accounting system of Hi-Fi Way to a new computerised accounting system using MYOB. To do this, you must first download and install the MYOB software before you then set up your business in MYOB by creating a company file for it.Instructions1. Now is the time to ensure that you have MYOB AccountRight Plu … View More REMEMBER YOU ARE ASSUMING IT IS NOW 1 January 2017 and is your first day at work in your new role as Accountant with Hi-Fi Way. Your first task is to convert the existing manual accounting system of Hi-Fi Way to a new computerised accounting system using MYOB. To do this, you must first download and install the MYOB software before you then set up your business in MYOB by creating a company file for it. Instructions 1. Now is the time to ensure that you have MYOB AccountRight Plus v19 (Australian Edition) installed on your computer (or have access to it by other means such as a computer lab at your school). If the MYOB software is not installed on your computer, you should find the email Perdisco sent to you immediately after you purchased this practice set. That email contains instructions about how to download your copy of MYOB. Please contact Perdisco using support@perdisco.com if you need that email resent to you. You can follow the instructions in the MYOB Learning Centre to install the software on your computer. Please note: o Check the MYOB system requirements: While Perdisco’s practice set (this website) can be used on any modern operating system, the MYOB software will only run on the Microsoft Windows(R) operating system. Remember that this is a limitation created by MYOB, not Perdisco. More information on the minimum system requirements for the MYOB software may be available from MYOB at http://www.myob.com.au o Set the correct MYOB date and currency formats: The MYOB software takes its settings for currency and date formats from your computer’s Windows operating system – these items are not set (and cannot be set) from within the MYOB software itself. To complete this practice set you will be required to enter information in Australian dollars and use the Australian date format. If you are a foreign student, it is possible that your Windows date and currency settings are not those of Australia. To maximise your chance of gaining all available points in this practice set, we suggest you ensure your Windows date and currency formats are set to those of Australia. You can learn how to do so in the Set System Currencypage of the MYOB Learning Center. 2. Start MYOB and select the New Company File Assistant. Note: o You must enter your full name in parenthesis at the end of the company name. For example, if your full name was Chris Smith, your company name would be ‘Hi-Fi Way (Chris Smith)’. o It is important that you carefully review your inputs before completing the New Company File Assistant because you will not be able to change some of your entries after the company file has been created. Creating the company file The following list sets out basic information about Hi-Fi Way’s business that is required to create the company file in MYOB using the New Company File Assistant. Each step in this list corresponds to a window in the New Company File Assistant. a.Enter your 12 digit MYOB product serial number. Paulina asks you to leave the Serial Number field blank. Enter information about your company. The table below shows the contact details and A.B.N. for Hi-Fi Way. Please take the time to enter these details carefully and accurately into MYOB because they vary for every student and will be used to identify your personalised MYOB company file. Company Name: Hi-Fi Way (insert your full name)* A.B.N.: 19 511 664 498 Address: 799 Davies Avenue Perth, WA, 6000 Australia Phone Number: 1800-161-5326 Fax Nu