1. Olympic Sport Club Chart of
Accounts
Advance Journal

3. Olympic Sport Club
Set of Book
- Chart Of Account : 4 Segments
Branch / Department / Account / Line of Business
- Calendar : JAN09 – DEC09
- Currency : THB

4. 1. Recurring Template
You are requested from Chief
Accountant to create recurring
template for month-end usage as
following:

5. 1.1 Blank Template for PTD
entry of Headcounts for
each Branch and
Department

6. 1900 Headcount

11. Note:1900 as Headcount code

23. Enter headcount for each branch and
department
(specify only debit column)

24. 1.2 Chief Accountant of
Bangkok office also want to
generate Accrued Rent
Expenses from Recurring
Journal Template amount
120,000 baht every month-
end

25. Dr Rent Expense (5200)
120,000
Cr Accrued Rent Expenses
(2200) 120,000

27. C
r
D
r

31. Note: 52 00 as Rent Expenses

32. Note:2200 as Accured Rent
Expenses

36. 1.3 Moreover, Japan Accountant
needs Recurring Journal
Template to auto calculate
Reserve Insurance Fee for
Trainer staff under account 5400
Accidental Insurance fee. Budget
is 1,240 THB/person/month

38. Note:5400 as Accidental
Insurance fee

40. Note:2300 as Reserve Insurance
Fee

44. 2. Mass Allocation Journal
Olympic Sport Club purchase bulk health insurance
policy for whole worldwide staff from global
Insurance firm called Dubai Global Insurance (DGI).
DGI will charge Olympic Sport Club for annual
insurance premium by evaluates total headcount
and risk factors. Then finance-administration
department will allocate the insurance premium
proportional to each branch base on their
headcount number month by month.
Annual insurance premium amount 46,700 USD for
2009 had paid to DGI since 1 June 09. Accountant
will recognize monthly insurance expenses evenly.

45. 2.1 Create necessary Nov
09 Basic Journal
transactions

48. Note:6500 as Health insurance expense

49. 2.2 Mass Allocation Journal
Template to allocate Insurance
Premium Expenses for each
month

57. 2.3 Generate Mass
Allocation journal for Nov
09

63. End