FEBRUARY 2020
DATE  DESCRIPTION OF WORK DONE
 Recorded all income and expenditure
transactions in QuickBooks and also
on an excel sheet.  manage to record transactions on
 Prepared REV 1 for customers.
 Did a ZIMRA online registration for
our customers.  on the ZIMRA portal so I didn't
 Printed all income transaction
invoices.
 I had to draft an asset register for
assets that the company possesses.
Week  Recording of all income and
2 expenditure transactions.
 updated the approved company 
names 
 Had to do an internal audit of
transactions that were recorded on an
excel worksheet and in QuickBooks
starting 1 November up to 31 of
st
December in order to come up with
an accurate amount for input and
output VAT
 Recorded the transactions for the day  
 Had to go to ZIMRA to request the
financial statements of our company
in order to confirm if the recalculation
was done
 Filled in the VAT Return form
 Was taught how to fill in an NEC
form
 I had to go to the ZIMRA offices to
request a recalculation of interest
incurred on our PAYE account
starting 10 January 2019 up to 27
December 2019.
STUDENT’S COMMENTS
 Due to power cuts, the server for
QuickBooks was off, l didn’t
time.
 There were network problems
manage to finish the registration.
 The only challenge was that
some assets had no serial
numbers and quite heavy for me
to lift in order to check for the
serial numbers.
There was a need for
authorization since the
statements cannot be given to
anyone. We had to send an email
to the liaison officer for him to
send back the statements to us.
 We needed a recalculation of the
interest because we were not
understanding where the interest
was coming from and also if it
was for the late payment
penalty. There were other
payments that were done before
the due date but still incurred the
interest charges. 
  Had to rectify the error by
week 4  Recorded the daily income and preparing another REV 1 for
expenditure transactions. him
 A client called saying there were
errors on the REV 1 that was prepared
for him
 l updated the approved company
names in QuickBooks
 Did an online  ZIMRA registration
 Had to do an internal audit of
transactions that were recorded on an
excel worksheet and in QuickBooks
starting 1 November up to 31 of
st

December in order to come up with

an accurate amount for input and
output VAT

Industrial Supervisor’s comments

…………………………………………………………………………………………………
…………………………………………………………………………………………………
…………………………………………………………………………………………………
………………………………………………………………………………………………….
Signature………………………
Date……………………………

MARCH 2020

DATE  DESCRIPTION OF WORK DONE STUDENT’S COMMENTS

Week 1 o Recording of all income and I was able to meet the due date for the

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 expenditure transactions for the week
NEC.
o Prepared REV 1 documents
for clients 
o Made a follow up for the
payment of NEC bill which was due
on the 10 of the month
th

o Filing for the NEC return

proof of payment 
o Made sure that all NSSA proof
of payments were in order since an
inspector was going to pay a visit.
o Printing of all invoices

Week 2  Recording of all intercompany  Most transactions were recorded;

transactions  only a few were left out and had
 Finished verifying the bills that were wrong amounts.
recorded in QuickBooks and those  The inspection was quite simple
that were written in the daily and was assisted by one of my
transaction logbook for the company. colleagues since she knew the
 Corrected all bills that were recorded number of employees that were
on a wrong date and had the wrong once available and those that
amounts. joined later.  
 The NSSA inspector came and  I was taught how to make
inspected the NSSA payments calculations for the P2, realized
 Printing of all invoices. it was simple and it was all a
 Helped in the calculation of PAYE reputation of how we calculated
and the preparation of the P2 forms.  PAYE at school.
 I was taught how to make company
papers for first-time clients whose
company names had been approved
by the registrar of companies. 

Week 3  Recording of all daily income and  Was affected by network

expenditure transactions. problems on the ZIMRA portal,
 updating of approved company names therefore, making the
in QuickBooks registration process a little bit
 did an online ZIMRA registration for slow.
a client
 Did a verification of both income and
expenditure transactions recorded in
the transaction logbook against
the QuickBooks report.

Week 4  Recording of all income and  Faced a challenge in determining

expenditure transactions. an account that l was supposed
 Printed out all invoices. to use for the Certification of

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 documents that included a
 Had to go to ZIMRA offices to ask for CR14, CR6, Certificate and an
the financial statements of our ID for a director that were
company in order to see if there is needed for PRAZ Registration’s
another interest charge that is credited failed to figure it out and had to
to us. look into the next day which l
 preparation of Private Business later came up with the account
Corporation papers after writing the company items
 Did an online registration for tax codes.
clearance for one of our clients.
 Updated the approved company
names in QuickBooks.
 Compared  receipt book against
transaction logbook
 Made a follow up on customers that
didn’t pay for their February monthly
tax submission and also making a
reminder that the March monthly tax
submission was due on the 1st of
April.
Industrial Supervisor’s comments

…………………………………………………………………………………….
…………………………………………………………………………………….
…………………………………………………………………………………….
…………………………………………………………………………………….
Signature………………………
Date……………………………

APRIL 2020 – 11 MAY 2020

We were closed on account of the Coronavirus pandemic.

May 2020
DATE  DESCRIPTION OF WORK DONE STUDENT’S COMMENTS

Week 2  Had to record the income transactions
and the expenditure transaction as of
29 march when the lockdown started
up to 11 May when we resumed to
work.
 Some of our clients had not yet
submitted the QPD for March, so l
had to assist in the filling out of the
QPDs.
 As the accounting intern l had a
lot of work, the transactions
from 29 March up to 11 May
were all at hold. Time and the
amount of work didn’t match.
 The QuickBooks software acted
up and l wasn’t able to finish to
record the transactions in a
weeks’ time.

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  Most of the time we called the
 Had to make enquires to which email ZIMRA lines its other they are
addresses to use for tax clearance and busy with another client or they
bank advice notes since ZIMRA was wouldn’t get through, l exercised
now using the electronic platform. patience and was given the email
addresses.

Week 3  Finally the QuickBooks software was
now working, l recorded all the
invoices and the expenditure that
occurred from March up to 11 may.
 I updated the approved company
names in QuickBooks.
 I also worked on the VAT transaction
sheet.
 It was quite hard work to record
all the transactions since the
backup for QuickBooks which
we had was last updated early
March. Had to record all the
transactions with no fail.


 

                         

June
DATE  DESCRIPTION OF WORK DONE STUDENT’S COMMENTS

Week 1  Recording of all income and

expenditure transactions.
 Record Payoneer card maintenance
fee.
 Record all income transactions and
VAT transactions on an excel
spreadsheet.
 Did a ZIMRA online registration for
clients that need first time tax
clearances.
 I printed out all invoices at the end of
the day.


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  There is limited staff at ZIMRA,
Week 2  Recording of all income and so each time we call a different
expenditure transactions. person responds and at times the
 Made follow ups on the tax clearances tax clearance processing is not
that we processed last week. done therefore we keep on
 Updated new approved company calling to make work at our side
names in QuickBooks. easier.
 

Week 3  Recording of all income and
expenditure transactions.
 I requested for information for QPDs.
 I compared receipt book against
transaction log book.
 I also did an audit on the transactions
that are recorded on the VAT sheet
and those recorded in the
QuickBooks.
 I made a follow up on a VAT tax
invoice that we received from our
Rent provider.
 I printed out all invoices at each end
of the day.
 The information for QPDs was
sent through but some clients
took so long to respond to the
messages so we had to keep
reminding them that the due date
for QPD submission was fast
approaching.
 All transactions recorded in
QuickBooks matched those were
recorded o the VAT sheet.
 The VAT tax invoice we
received lacked the features of a
valid tax invoice we learned in
ACC 202 and ACC212.

Week 4  Recording of all income and

expenditure transactions.
 Filling out of the VAT return.

1. Updating QuickBooks
2. ZIMRA bank advice note
3. ZIMRA overrides
4. Follow-up on tax clients
5. Updating approved company names in QuickBooks
6. Compare receipt book against transaction log book (End of each day)
7. Record Payoneer card maintenance fee - 2nd of every month
8. Record CABS bank maintenance charges - 2nd of every month
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 9. Verify transaction logbook against QuickBooks transaction report - (every Friday)
10. Credit control: Get report of owing clients and follow up on them (1st of every 11

Preparing REV 1 which is used to get a ZIMRA bank advice note.

Filling out ZIMRA overrides.

Updating approved company names in Quickbooks.

Compare receipt book against transaction log book (End of each day).
Record Payoneer card maintenance fee - 1st of every month.
Record CABS bank maintenance charges - 1st of every month.
Filling out NSSA & NEC forms before the 10th of every month.
Filling out P2 forms before the 10th of each month.
Do ZIMRA online registration.
Preparing company papers.
Updating monthly tax submissions paid on Trello.
Record all income transactions and VAT tranctions on an excell spreadsheet.
Filling out of the VAT return.
Filling out QPD forms before the due dates which are the 25th of March, June, September
and also the 20th of December.

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August 2020
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 STUDENT’S COMMENTS
DATE  DESCRIPTION OF WORK DONE

Week 1  Recorded all income and expenditure
transactions in QuickBooks and on
the VAT transaction sheet.
 Had to call ZIMRA to make enquires
on which email address was to be
used for getting letter for opening
bank accounts.
 Updated approved company names in
QuickBooks.
 I filled out the NEC and NSSA forms
since the due date is of the 10th of
each month of which it is a holiday.
 I was unable to meet the due
date for the NSSA and NEC
form submissions because l
didn’t know the total insurable
earnings and the total earnings
gross.
 The ZIMRA staff are working
with limited staff so at times it is
hard to make the enquiries and it
hinders the smooth flow of the
business.

Week 2  Recorded income and expenditure  I worked on the NSSA and NEC
transactions in QuickBooks and on form and we submitted the
the VAT transaction sheet. forms with no fail.
 Called ZIMRA to enquire on which  It wasn’t really hard to come up
email address was to be used for with the Formulas since we
activating BP number for covered the formula part in
importations. ACC104.
 I prepared PBC company papers for
our newly registering clients.
 Since the company is now using both
USD and RTGS, I had to start making
formulas on the excel spreadsheet to
cater for the USD and RTGS
amounts.

Week 3  Recording of all daily income and 

expenditure transactions.
 Helped in the scanning of company
papers that are out.
 I prepared the PBC company papers
for our newly registered clients
 I started preparing the VAT return
which is due on the 25th of August.
 I verified the transaction logbook
against QuickBooks transaction
report.
 I scanned company papers that came
out from the Registrar of Companies
office.
 I generated the Z reading every
morning before recording other

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 income transactions for the day.
 I called ZIMRA to make enquires on
what procedure to follow for the
activation of BP number for imports.

Week 4  I made a follow up on the BP number  Faced a lot of difficulties in

Activation for imports we submitted. trying to call ZIMRA.

11. Updating QuickBooks

12. ZIMRA bank advice note
13. ZIMRA overrides
14. Follow-up on tax clients
15. Updating approved company names in QuickBooks
16. Compare receipt book against transaction log book (End of each day)
17. Record Payoneer card maintenance fee - 2nd of every month
18. Record CABS bank maintenance charges - 2nd of every month
19. Verify transaction logbook against QuickBooks transaction report - (every Friday)
20. Credit control: Get report of owing clients and follow up on them (1st of every 11

Preparing REV 1 which is used to get a ZIMRA bank advice note.

Filling out ZIMRA overrides.

Updating approved company names in Quickbooks.

Compare receipt book against transaction log book (End of each day).
Record Payoneer card maintenance fee - 1st of every month.
Record CABS bank maintenance charges - 1st of every month.
Filling out NSSA & NEC forms before the 10th of every month.
Filling out P2 forms before the 10th of each month.
Do ZIMRA online registration.
Preparing company papers.
Updating monthly tax submissions paid on Trello.
Record all income transactions and VAT tranctions on an excell spreadsheet.
Filling out of the VAT return.
Filling out QPD forms before the due dates which are the 25th of March, June, September
and also the 20th of December.
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