Everyday Bottles began business on August 1, 2023 and has selected a July 31, 2024 fiscal year-end. They plan to sell plastic drink bottles for runner, cyclists and other recreational activities, to sports stores across Canada. They have negotiated with two suppliers of drink bottles and will start by selling three types of bottles to customers. The company has two salaried employees who are to be paid 24 times a year on the 2nd and 4th Friday of every month and both will contribute to a medical plan (each pay $11.00). For project information purposes, all revenues and expenses must be allocated (split) between two regions (projects), Ontario and the rest of Canada.
All the modules are ready to use and the following have been entered:
? All General Ledger accounts
? Two vendor accounts (Royal Plastics and PVC Plastics)
? Two employees (Wendy Toste and Dustin Chad)
? Three inventory items (running, cycling and recreational)
? Two projects (Ontario and Rest of Canada)
Customers will need to be set up when sales are made. The company will not print cheques, invoices or statements. The Shipped by field will not be used.
Bottles 4 All is EHT (Employee Health Tax) exempt.