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To provide students with practical experience in setting up and managing a service-based business within Xero. This includes creating a chart of accounts, recording daily transactions, and preparing financial statements.
GreenScape Landscaping Services, founded by Alex Rivera, specialises in residential and commercial landscaping, garden maintenance, and outdoor design. Launched on December 1, 2023, the business aims to offer sustainable and creative outdoor solutions.
In your role as the accountant for GreenScape, you will utilise Xero accounting software to set up the business. This involves setting up a comprehensive chart of accounts tailored to the business's services, recording all financial transactions, and managing invoices and expenses. Below are the names of the accounts tthat should form the chart of accounts, specifically designed for GreenScape Landscaping Services.
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