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