W10 Day 48 of Nana's Internship
Activity
- Started a new task assigned by Ms. Chan, which involved preparing bank reconciliation statements for the company. This included reconciling the cash book with bank statements for two different bank accounts from March to April.
Key Learning
- Understood the process of bank reconciliation, including how to match recorded transactions with bank statements and identify timing differences or discrepancies.
- Learned to handle multiple bank accounts and ensure accuracy across different sets of records.
- Became more confident in identifying common reconciliation items like outstanding cheques or uncredited deposits.
Reflection
Today I was given a new responsibility which is generating bank
reconciliation reports for two of the company’s bank accounts. At first, I felt
a bit unsure, especially since I had to handle both accounts at once and
compare a lot of transactions across the cash book and bank statements. However,
as I went through each item step by step, I started to understand how important
this task is in ensuring that financial records are accurate and complete. I
found it quite satisfying when the records finally matched after carefully
reviewing and identifying the timing differences. This task really sharpened my
attention to detail and reminded me how crucial accuracy is in accounting work.
I’m glad I had the chance to handle this independently—it was a good exercise
in problem-solving and financial discipline.
