W1 Day 3 of Nana's Internship

Week 1 Day 3 (09 April 2025)

Activity

Continued keying in client’s sales and expense
- Communicate with client to request supporting documents to record the expense.
- While waiting for the client to send the supporting documents for the company, Ms. Amber taught me how to fill in the fixed assets schedule to calculate depreciation expenses and how to key in the expenses into the system.
- After finishing all the data entry, we checked whether the records tallied with the Statement of Profit and Loss and the Balance Sheet to ensure accuracy.


Key Learning

- Continued practicing data entry for client’s sales and expenses.
Learned how to communicate professionally with clients to request supporting documents and gained experience in handling missing or delayed documents while maintaining workflow.
Learned how to fill in the fixed assets schedule and calculate depreciation expenses and practiced entering depreciation expense into the accounting system.
- Understood the importance of verifying data accuracy by comparing it with the Statement of Profit and Loss and Balance Sheet.
- Improved attention to detail and understanding of financial statements.


Reflection

Today’s tasks gave me more exposure to handling real accounting records. I continued keying in sales and expense data and also communicated with the client to request supporting documents. This was a good opportunity to improve my professional communication skills. While waiting for the documents, Ms. Amber taught me how to fill in the fixed assets schedule and calculate depreciation expenses. It was a new and interesting part of the accounting process that I hadn’t done before. After completing all data entry, we checked if everything matched the Statement of Profit and Loss and the Balance Sheet. This taught me how important accuracy and cross-checking are in financial reporting.

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