On our third meet-up, we continued with our A/R system, making sure every details that we entered are correct such as which steps should be done first. We each took turns to enter the data into the AccPac System with reference from our Accounting Practice Set and from the appendix E. There were many details to be looked into carefully so when one of us have entered the data, Yihao will be the one ensuring that no errors are made along the way. A/R system was one of the toughest as there are many things to be done for it and also have to make sure that no errors are made during the process.

Koon Teng

Today was our 2nd meeting and as usual at 9am, lab 8. We continued our CAS from where we have stopped and continued with the recording of fixed asset,recurring entries, balance day adjustments,prepayments. We encountered some problems for the fixed asset as we did not know what entries are affected for the source documents 63 to 65 and had a hard time solving it. For the recurring entries, we created a batch for it. However, all of us took a while to figure out which entries are considered as recurring. Next, Dorothy, me and Pei Pei came up with the unique transaction for our group and we did the set up for the A/R system and ended at 5.

From today's meeting, I learnt that recording and identifying of recurring entries do help us in saving alot of time as we do not need to key in again every period the recurring transactions occur. In addition, being able to cooperate well with my group members is very crucial as without it, we would meet with lots of difficulties not solved. I think there should be discipline within the group, so as to able to complete what we have aimed to finish on that day itself.

Koon Teng

On Thursday, we had our second CAS meeting. We met at 9 at lab 08. We did our transactions for fixed asset, balance day adjustments, payroll records and all the prepayments. We encountered some problems for the fixed assets and spent our time solving it. After that, we also came up with our unique transaction. That was all we did and we ended at 5.


Dorothy

We met as usual at 9am lab8, today we recorded fixed asset register n AR prepayment. During the project, we r stuck with the depreciation for the fixed asset n prepayment account. However, we manage to solve the problem by asking other friend in the lab n discuss it among our group members. Ended at 5pm!

Pei Pei =)

First time meeting up to do CAS project. I briefly go through with my group members on what we are expected to finish today. We did the chart of accounts and GL setup, which is quite tedious, since there are about 50 that have to be key in. Next we enter the transactions into the system based on the source documents on the PINETREE book. The hardest part today is that the work that have to be done is tedious and the easiest is the key in of chart of account.


Yi Hao

Today is our first project meeting and we met at 9 and everyone was still feeling tired. We started by logging in followed by keying in the chart of accounts. Yiwei is in charged of typing in the details while we read it to him. The keying in of accounts was very tedious as they will affect the later steps. We took turns to have our lunch and continued with our GL setup. We ended our project meeting at about 5.


Dorothy

Today is our first day project meeting. Meeting is at 9am at Lab8. yihao n yiwei started off by telling us wat r we suppose to do for our CAS project so that we know wat r we gg to do also.
Yi wei do most of the typing n the rest were helping out by solving the questions etc...
At the end of our project, we finish off with our GL setup, chart of accounts,opening entry n recording of transaction...

PeiPei =)

Today is our first CAS project meeting. We arranged at 9am so as to get the best seats in the lab. We started off by creating our Chart of Accounts. Yi Wei did the keying in of data while the rest of us helped him by telling him the account details such as the account description and account number and double checking them at the same time. This is to speed up and save time. Next was to step up our General Ledger system. It was quite easy but tedious as well because there are many accounts to enter. My group was very careful in the entering of accounts because it would be very time consuming if we made any mistakes during this process. At about 12 noon, my group members took turns to have lunch as we did not want others to occupy our computer. Then we proceed to entering the transactions. After that, we continue our Accpac project all the way till 5.

To conclude for this meeting up, I've learnt that the most basic thing is to create the chart of accounts where it is the base for everything as we progress on. Without it, we will not be able to do other setups such as the General ledger. For the general ledger system, it was neccessary to create a new batch and to key in the opening balances. It is important to ensure that the opening balances are correct as the errors will built up if it goes without noticing. In addition, creating a G/L batch list is faster than posting one account by one.

Koon Teng