Course Description:

oin me in this episode of Accounting Basics for Beginners as I show you how to do a Bank Reconciliation from scratch. In this Bank Reconciliation tutorial, you’ll hear the definitions of Bank Statement and Cash Book and learn why the following situations can cause differences between these two reports… ▪ Omissions ▪ Timing Differences ▪ Errors You’ll then find out how the Bank Rec is useful in terms of calculating the ‘True Cash Value’ of a business. And finally, I’ll show you how to prepare the Bank Reconciliation using 7 steps… The techniques that you’ll discover in this Bank Rec tutorial can be applied in your own work to easily reconcile the Bank Statement to the Cash Book. Course Length: 17:01 Source: Accounting Stuff

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