Bookkeeping and Accounting Basics– Bank Reconciliation

Learn Bank Reconciliation from a practicing BAcc. ACCA. MSc.
What you'll 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
Requirements
No requirements needed, the course starts from scratch.
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 this course is for
Enterprenuers
Accounting & Bookkeeping Students
Accountants & Bookkeepers
Non-Finance Manager
Homepage

https://www.udemy.com/course/bookkeeping-and-accounting-basics-bank-reconciliation/

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