My Internship E-Logbook Report

  Week 11 Day 54 (19 Jun  2025) Activity -  Continued reviewing the contra account to check whether payments made on behalf of clients matched the bank-in amounts. - Made corrections in Form B for another client’s personal tax. - Amended a previous task from Mr. Lim due to the addition of new client expenses. - Received a new urgent task from Ms. Amber — to key in payroll summary for a new client, as required for the PCB (Potongan Cukai Bulanan) audit. - Assigned a new task by Mr. Lim to complete the rental income statement for a client. Key Learning -  Gained experience in identifying and reconciling contra accounts with supporting bank transactions. - Improved understanding of Form B corrections and the importance of accuracy in tax filings. - Learned to adjust completed account work when new financial data is provided, emphasizing flexibility. - Understood the urgency and documentation required for PCB audits, and how to prepare a payroll summary under tig...

  Week 11 Day 53 (18 Jun  2025) Activity -  Continued generating the bank reconciliation statements for the second bank account, focusing on December. - Assisted Ms Chan with data entry for a client’s personal income tax (Form B). - Cross-checked payroll transaction records with Ms Amber to ensure accuracy. - Completed the Property, Plant, and Equipment (PPE) schedule for a previous client that was previously missed. - Verified the contra account transactions to check if payments made on behalf of clients were accurately matched with incoming amounts. Key Learning -  Learned to prepare and review Form B for personal income tax filing, gaining practical experience in individual tax reporting. - Improved understanding of payroll transactions and how to verify them against accounting records through cross-checking with a supervisor. - Strengthened knowledge in preparing and correcting Property, Plant, and Equipment (PPE) schedules and the importance of their accuracy. -...

  Week 11 Day 52 (17 Jun  2025) Activity -  Continued generating the bank reconciliation statements for the second bank account, focusing on November. - Amended a previous client’s account work and completed a full-year bank reconciliation, based on Ms Chan’s review, and then passed the documents to the audit department. - Adjusted a formula error in another client’s account, as pointed out by Mr Lim. - Began a new task assigned by Ms Chan: keying in data for a combined income statement for a client who owns two different business incomes. Key Learning -  Strengthened my ability to perform reconciliation and error correction under supervision. - Learned to review and correct formulas in financial files, enhancing the accuracy of financial statements. - Gained experience in preparing combined income statements, learning how to consolidate data from multiple business streams. Reflection Today involved multiple tasks that required focus and attention to detail. I contin...

  Week 11 Day 51 (16 Jun  2025) Activity -  Continued generating the bank reconciliation statements for the second bank account, covering the period from June to October. - Sent an email to the company’s secretary to request supporting documents needed for accounting purposes. Key Learning -  Practiced handling multiple-month reconciliations, improving my focus and consistency in tracking down discrepancies. - Understood the importance of clear and polite professional email communication when requesting documents from other departments. Reflection Today I continued working on the bank reconciliation statements for the second bank account, covering the months from June to October. Compared to the first bank account, this one had more frequent transactions, which required me to be extra careful while matching each entry with the payment vouchers and bank statements. Some transactions were unclear, which made the process more time-consuming. Besides that, I sent an em...

  Week 10 (09 June -  13 June 2025) Day 46:  W10 Day 46 of Nana's Internship Day 47:  W10 Day 47 of Nana's Internship Day 48:  W10 Day 48 of Nana's Internship Day 49:  W10 Day 49 of Nana's Internship Day 50:  W10 Day 50 of Nana's Internship

Week 10 Day 50 (13 Jun  2025) Activity -  Continued generating the bank reconciliation statements for the first bank account, covering the period from June to December. - Prepared and organized documents for client signature related to the completed personal income tax calculation. Key Learning -  Strengthened my understanding of how to match bank transactions with accounting records for reconciliation purposes over an extended period. - Learned the proper way to prepare client documents for tax matters, including how to ensure all necessary pages and confirmations are ready for signing. - Gained insight into the importance of accurate documentation and presentation when dealing with personal income tax compliance. Reflection Today I made steady progress with the bank reconciliation task for the first bank account, successfully working through the months from June to December. It was a time-consuming process, but I’m getting more confident in...

Week 10 Day 49 (12 Jun  2025) Activity - K eyed in payment vouchers for the entire month of May and part of June into the accounting system for a client’s business. - Continued working on the bank reconciliation reports for the company, focusing on the period from May to June for both bank accounts. Key Learning -  Gained more familiarity and speed in keying payment vouchers accurately while ensuring the correct categorization of expenses and payees. - Strengthened my understanding of bank reconciliation procedures, especially in identifying discrepancies between bank statements and internal records across different months. - Learned how consistent documentation and proper data entry support smooth reconciliation and reduce time spent on error correction. Reflection Today was a mix of progress and a bit of a standstill. I managed to complete the payment voucher entries for May and began working on June. As I moved on to generate the bank reconciliation reports, I was able to c...

  Week 10 Day 48 (11 Jun  2025) 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 wen...

  Week 10 Day 47 (10 Jun  2025) Activity -  Completed the account work for the previous client by finalizing all entries and ensuring everything was properly organized for audit and tax purposes. - Received guidance from Ms. Amber on how to calculate tax payable for personal income tax. She explained the logic behind each step and how to refer to the correct tax rates and relief items. - Attempted to prepare the tax schedule myself to calculate the tax payable for that client based on the information provided. - Communicated with the client to clarify and confirm certain personal and financial details required for accurate tax reporting. - Learned more about tax-related software such as MyTax, including how to navigate the platform and what key details are submitted through the system. Key Learning -  Gained a clearer understanding of how personal income tax is calculated, including chargeable income, reliefs, and tax rates. - Learned to prepare a tax schedule manual...

Week 10 Day 46 (09 Jun  2025) Activity -  Completed the audit schedule by finalizing the remaining sections, including Amount Due to Director, Sales, Purchase, and recurring Annual Expenses. This ensured that all major accounts were properly supported and reconciled for audit review. - Sorted, photocopied, and organized all relevant supporting documents to match the journal entries I had previously keyed in. This was to ensure that every transaction was backed by clear documentation, making it easier for the audit process to proceed smoothly. - Began a new accounting task assigned by Ms. Amber involving a different client. I reviewed the new documents and started preparing the work papers needed for data entry and account preparation. Key Learning -  Developed a stronger understanding of how to prepare a complete audit schedule, ensuring each section ties back accurately to the trial balance and general ledger. - Reinforced the importance of maintaining proper docume...