Miranda Oliverius
Throughout the week, I continued on the long-term, “in-between other projects” project of scanning and filing Signed E-Files into Engagement. It is continuing to be a good introduction to using Engagement. It also is a good exercise in learning names and identifying newlyweds with new last names and people who go by their middle names.
My first other project on Monday was proofreading financial statement notes. I enjoy reading and editing things; however, very few errors had been made so my onscreen highlights were few and far between.
Then, Ellen and I worked together to reconcile cash management documents using the bank statements and claim files. This project was one of our more difficult, and after a long discussion with James, we decided to change methods and finish it the next morning. On Tuesday, we wrapped up the reconciliation by using the bank statements to verify that all checks were cut within the required time period.
Afterwards, we both scanned and filed different forms and papers before sitting down for a brainstorming session. We discussed, wrote out drafts, and re-discussed what one would write in a disclosure to explain the method with which we completed the cash management reconciliation. Our version was much shorter than James’ but we definitely learned a lot about the kinds of language to use in a disclosure.
On Wednesday, the first task was discussing trial balances and Quickbooks with James while he gave instructions on the next project. For a period after that, I waited for Quickbooks to update because my computer was under the impression that the last update was antiquated. While it updated, I returned to the scanning and filing project. Once that was done, I restored the client’s trial balance in Quickbooks and exported it to Excel. Once in Excel, I fixed the format and checked through for any inconsistent account names or numbers. I only found two, and then was able to upload the trial balance in Engagement.
On Thursday (the last day of the week, due to the holiday), Ellen and I spent the day re-creating financial statement notes for our next client. While I had done a similar project last week, this was still new and interesting. There was a lot more information, different key sections, and notes.
With that, I concluded my second week here at DAPCPA. I’m really excited about the client we were working on financial note re-creation for. We’ll be working on their audit for the next while and I’m excited to see the process as it takes place.
My first other project on Monday was proofreading financial statement notes. I enjoy reading and editing things; however, very few errors had been made so my onscreen highlights were few and far between.
Then, Ellen and I worked together to reconcile cash management documents using the bank statements and claim files. This project was one of our more difficult, and after a long discussion with James, we decided to change methods and finish it the next morning. On Tuesday, we wrapped up the reconciliation by using the bank statements to verify that all checks were cut within the required time period.
Afterwards, we both scanned and filed different forms and papers before sitting down for a brainstorming session. We discussed, wrote out drafts, and re-discussed what one would write in a disclosure to explain the method with which we completed the cash management reconciliation. Our version was much shorter than James’ but we definitely learned a lot about the kinds of language to use in a disclosure.
On Wednesday, the first task was discussing trial balances and Quickbooks with James while he gave instructions on the next project. For a period after that, I waited for Quickbooks to update because my computer was under the impression that the last update was antiquated. While it updated, I returned to the scanning and filing project. Once that was done, I restored the client’s trial balance in Quickbooks and exported it to Excel. Once in Excel, I fixed the format and checked through for any inconsistent account names or numbers. I only found two, and then was able to upload the trial balance in Engagement.
On Thursday (the last day of the week, due to the holiday), Ellen and I spent the day re-creating financial statement notes for our next client. While I had done a similar project last week, this was still new and interesting. There was a lot more information, different key sections, and notes.
With that, I concluded my second week here at DAPCPA. I’m really excited about the client we were working on financial note re-creation for. We’ll be working on their audit for the next while and I’m excited to see the process as it takes place.
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