Light & Music Ltd. uses the standard UK chart of accounts. They do not need account segmentation. Mr. Smith would like you to demonstrate how to create and delete additional accounts.
The company’s fiscal year corresponds to the calendar year and they create the annual financial statement once a year. They need twelve posting periods for their internal controlling.
One goal of the implementation of SAP Business One is so Light & Music Ltd. can report on the revenues and expenses of its different business areas. These areas are sales, rentals, installations, and consulting.
Light & Music Ltd. runs its accounts at Barclays Private Bank Limited in London. Please rename the relevant accounts in the standard chart of accounts accordingly.
Light & Music Ltd. pays its expenses via bank transfer. Customers pay by check or credit card. For the prototype you should to show a fast and efficient method for creating outgoing payments and show how incoming payments are handled.
The accounting department requests that you use the following accounts. Please create them if they are not available.