W13 Day 64 of Nana's Internship
Activity
- Continued keying in bank transactions and generating bank reconciliation for October to December 2024.
- Entered expense transactions and verified all supporting document amounts with bank records.
- Keyed in supplier invoices and knocked off bills accordingly.
- Helped Mr. Lim adjust an Excel report for a previous client's accounting work.
Key Learning
- Practiced verifying expense documentation to ensure accuracy in financial records.
- Gained better understanding of how supplier invoices and bill knock-off processes are done.
- Strengthened Excel skills and learned to adapt to client-specific requirements and updates.
- Learned that accuracy in matching payment and invoice records directly impacts the audit process.
Reflection
Continuing from yesterday, I focused on completing the remaining bank
reconciliations and moved into recording expense and supplier-related
transactions. I had to be extra careful today because every entry had to match
its respective supporting document. At one point, I came across an amount that
didn’t match the bank statement, and I spent quite some time investigating.
Though it was a bit stressful, I learned how important it is to trace every
transaction back to its source. I also worked on knocking off supplier bills,
which added a new layer of understanding to how accounts payable works in
practice. Toward the end of the day, Mr. Lim asked me to revise an Excel
report, and although I was slightly nervous, I was happy I could contribute and
complete it smoothly. Today reminded me that even though the process can be
challenging, staying detail-oriented and open to learning helps me keep growing
in this field.
