You are on page 1of 2

Hino Motors Canada Ltd.

- Name(Your nick name) is the exclusive Automotive Parts & Accessories


business, which sells automotive products and services managed by Partnership started from January 2017.
business located in 400 Brock Road, Dundas, Ontario L9H 5E4, Canada. Telephone: +1 9056274686. The
company pay tax on sales at a rate of GST of 5% and 0% for zero sales tax.

Q-1: COMPANY SETUP


Q 1.1: Setup Tax
Go to Sales Tax Center>Setup>Give a Tax Agency name by your own and sales tax rate @5% & 0% for non-
taxable item.

Q-1.2: Upload Company Logo? & Website Address: http://www.hinoofhamilton.com/


Tips: Go to Hino Company website or search for logo in Google image.

Q-1.3: Customer of Hino Motors would like to modify their Company settings:
a) Terms to net 15 days
b) Shipping service – Yes
c) Discounts given – Yes
d) Home Currency – Canadian Dollar
e) Date Format – MM/DD/YYYY
f) Manage Users – Add Kamol Alam as a custom user with view mode only, Email: testsakiul1@gmail.com
(Tips: there may be popup block, click Allow to activate)

Q-2: CHARTS OF ACCOUNTS: Customer of Hino Motors would like to add some basic Accounts category in
their company Charts of Accounts:
a) 2 Bank Accounts –
● Royal Bank – Checking 9854
● TD Canada Trust – Savings 2122
b) Paypal – Cash on Hand (Opening balance as on 01/01/2017 was 645.12)
c) Credit Card accounts:
● RBC Visa – xx5178
● TD Master Card – xx4536
● Credit Card – Alex Inc.

d) Owner’s Equity:
● Owners Contribution
● Owners Distribution

e) Fixed Assets:
● Vehicles – Delivery Van
f) Expenses
● Depreciation
● Licenses & Permits

Page 1
● Payroll Expenses - Salary & Wages, Health Insurance & Payroll Taxes.

Page 2

You might also like