Progress of the CAS part 4

4th CAS meeting-1st July 2009

Objectives for today:

1. Complete our transactions on AP and AR

2. Discuss on the recurring entries and adjustment

3. Started on GL data entry form

After the long break, we started on our CAS project again. This time around, we were to finish our AP and AR transactions. We were quite careful as it consists of the GST portion, whether to tick the calculate tax or not. Same as last time, one of them type the transaction, the rest were providing the details and double checked the transactions.

After the typing, some of us discussed the transactions that had to be recurring and need to adjustment. We had confirmations with our friends and got it ready for our next meeting. While others did the payment and receipts batch list.

Other than all the jobs, we discussed on the GL data entry form. Ren han started the first few entries and I typed the next few. However, we realised that it was quite messy without having one GL form on a page. So we handled the task to LingLe to do the page break for each and every form.

After a long meeting, HOME SWEET HOME!

Progress of the CAS part 3

3rd CAS meeting-16th June 2009

Objectives for today:

1. Complete our transactions on GL by hook or by crook. =D

Finally we were able to do up our journal entries! =P

We identified which transactions were to enter to the GL, AP and AR modules.

One of them did the typing and others were providing the details of the transaction. Eg. Transaction 1- source documents- date- what to debit and credit- amount- account code. We took turns to type the transactions.

I realised that it was actually quite fun to do the job as a group, no arguments today and everything was smooth. Even though we came from different classes, teamwork actually brings us even closer.

We wrote it on the paper. =P

Progress of the CAS part 2

2nd CAS meeting- 12th June 2009

Objectives for today:

1. Finish up our double entries so as to move on to our journal transactions.

2. Finish up our opening balances.

After our 1st CAS meeting, we were motivated to do complete our CAS project. This time around we were separated into two groups: one for the double entries and another for opening balances of the respective modules.

I was allocated to the group who did the double entries. We discussed our double entries which was not an easy task either. As we were from different groups and different classes, our answers from our FA project was different too. We had a hard time arguing on our points and views. In addition, some of our double entries which we were unsure of, we consulted our friends and finalised it. Then we realised we didn’t looked up on the additional information and amendments. We reviewed our double entries again. Besides discussing on the double entries, I was also responsible to do the opening balances of the GL accounts. My eyes were focused on the trial balance on the project kit and I am completely exhausted. Lastly, we backup-ed our information on yao yong’s hard disk.

After doing up all the tasks that we laid down, HOME SWEET HOME!

Progress of the CAS part 1

1st CAS meeting-11th June 2009

Objectives for today:

1. Finish our setup details of the AP, AR and GL.

Before we plan to discuss our double entries, we started off by setting up of our vendors’ information, customers’ information in their respective AP and AP modules. Subsequently, we moved on to do up our Chart of Accounts which included clearing accounts, terms, taxes and all other basic administrative things. We looked up on our resource notes provided to do our setup details and options.

I was responsible for the COA, and personally I think it was quite tedious, which made me realised that transforming/ moving from a manual accounting system to a computerized accounting system was not an easy job.

My first blogging experience.

I created this blog and subsequently I'll update our team's progess and other feelings and thoughts while doing the CAS project. =)