Share your experience when doing the manual accounting process from source documents until ledger entries...

Firstly, we have to get the source documents such as bills, receipts, cash book, invoice and cheque from the company we have chosen.

Once we have got all the source documents and have been approved by Sir Noreffendy, we began to take up our further step to finish our UBS project. We have to perform a manual accounting process by converting the source documents to journals and ledgers for a six month period. Sir Noreffendy asked us to convert the data from the source documents to journals and ledgers in order to avoid any mistakes from arising when we key-in the data into the UBS system. This step actually tested our skills in accounting entries whether we still remember those entries or not and also testing us on how long we take to convert the data.

It was actually difficult to convert the data when we began doing it. We also need to check all source documents one by one so that there are no errors during the conversion. Particularly, we have to check the date that the transaction took place. So, it take us a long time to settle with the work. But, we managed to do it within our targeted time.The conversion mostly involved bills and cash book.

For our company, the expenses are such as electricity and water, internet, rent, labour salary and Indah water. This is just a small company so we do not have many transactions to be converted. 

We successfully converted the transactions into journals and ledgers and have been approved by Sir for us to proceed with the next step.

It is really challenging to complete this project. We hope that we can do our best..=)