Accounts Manager Final Report

NVU Internship Program

Bi-Weekly Report

Instructions: To be completed by the student every two weeks and discussed with the site supervisor. Return this completed form to your faculty supervisor. Be clear and concise.

Student Name: Samantha Charron Report Number: Click here to enter text. of Click here to enter text.

Dates Covered: 3/21/2022 through 4/1/2022

1) Past two weeks’ assignments and responsibilities: Working on the second end of month examination/entry compilation as well as working on requisite reporting/accounting for federal programs.

2) Supervisory conference (discuss topics, field trips, directed reading, meetings, etc.): We meet daily just after lunch to review new areas of operations and conduct training and discuss new system work and tasks to be accomplished.

3) Objectives and plans for the next two weeks: Continue to review Sam’s daily/weekly tracking of accounting information as well as her attempts to make her workflow processes work better for her and how she approaches assignments. We will also be examining the reporting/accounting necessary to satisfy federal programs, specifically the PPP Loan forgiveness program and the Employee Retention Credit program.

4) Referring to your learning objectives, analyze your successes and/or problems relating to those objectives. What have you learned about yourself, your strengths, weaknesses, goals, etc.? What observations have you made concerning your profession, the “world of work,” etc.? Be insightful and give specific examples to demonstrate your points. Click here to enter text.

· Grabbing invoices and check backup for all utilities paid in 2021, copying them for ppp loan expense

· Importance of proper record keeping

· While going through our General ledger we noticed one of our 401k payments was not processed

· Checked bank account to double check it wasn’t processed

· See that is is pending in out 401k management site

· Entering journal entries I wrote down in the pervouius week intod our system by myself

· Off by $3.00

· Learned howe to making an adjustment entry (debit cash, credit Misc expense)

5) Site Supervisor’s comments and constructive criticism (this is mandatory): As we concluded our second end of month accounting, and the allowance for more independent work, Sam did a good job in identifying process errors. Again, total adjusting entries totaled only $3.00. Work on PPP Loans and ERC calculations allowed us to show the importance of proper recordkeeping and GL account allocation.

6) Hours worked week 1: 20 Hours worked week 2: 20 Total hours worked for the past two weeks: 40 Total hours worked to date: 160

Student Signature: ______Samantha Charron_____________________ Date: ______04/1/22______

Site Supervisor Signature: _______Mike Sarvak____________________ Date: _______4/1/22_____