Bookkeeping and Accounting Basics- Bank Reconciliation
Learn Bank Reconciliation from a practicing BAcc. ACCA. MSc.
Ratings 2.65 / 5.00
What You Will Learn!
- Understand the importance of bank reconciliation and its role in financial management.
- Learn the key terms and concepts associated with bank reconciliation
- Familiarize yourself with the common challenges and discrepancies that may arise during the bank reconciliation process.
- Gain proficiency in reconciling bank statements using both manual
- Develop strategies to identify and resolve discrepancies between the bank statement and the general ledger.
- Explore techniques for handling outstanding checks, deposits in transit, bank errors, and other reconciling items.
- Acquire knowledge on how to prepare and maintain accurate bank reconciliation statements
Description
This Course takes a learner through the process of a bank reconciliation. Mostly it is about performing a bank reconciliation in excel (manual), but the concepts and skills can also be used in performing the same using automated accounting systems. This course serves as a comprehensive framework for bank reconciliation to both existing and upcoming bookkeepers and accountants, entrepreneurs, and lay individuals without any background in accounting and bookkeeping.
I have been working as an Accountant with both local and international NGOs for over 10 years and this course draws inspiration from my 10 year track record.
I will take you through the course step by step explaining each term and concept like explaining to a seven year old. In each module there are downloadable materials mostly in power point. As time goes by, i will be updating this course with new relevant materials especially on automated bank reconciliations.
By the end of the course, participants will have a solid understanding of bank reconciliation best practices, the ability to identify and address reconciling items, and a toolkit of fraud prevention and detection strategies. They will be equipped to implement robust internal controls, mitigate fraud risks, and safeguard their organization's financial resources.
Who Should Attend!
- Enterprenuers
- Accounting & Bookkeeping Students
- Accountants & Bookkeepers
- Non-Finance Managers