Boost Your Accounting Skills: Master Bank Reconciliation in Excel

This course focuses on the critical process of bank reconciliations using Excel, designed for those with two months of financial data logged in their accounting systems. You’ll gain access to a downloadable Excel workbook. One tab contains answers for new process steps while the other continues from the previous presentation. We’ll work together to create bank reconciliations for both the first and second months, simplifying a procedure often misunderstood and inadequately taught in traditional accounting education.

Many users misunderstand the purpose of bank reconciliations, often thinking it’s merely about confirming cash balances. While that is a part of it, we will delve deeper, discussing how every cash transaction affects multiple accounts due to the double-entry system. This will provide you with significant internal control over crucial cycles in accounting, such as revenue and expenses. Furthermore, unlike most textbook problems, we will utilize actual bank statements to guide the reconciliation process, enhancing your practical understanding.

Additionally, we will explore the layout of the bank reconciliation process in accounting software like QuickBooks and tackle common challenges faced when handling your initial bank reconciliation. By the end of the course, you will not only understand how to complete bank reconciliations effectively but also appreciate their importance in maintaining the integrity of your financial systems.

What you will learn:

• Explain why the bank reconciliation process is important
• Describe the bank reconciliation process
• Complete a bank reconciliation process after the first month of operations
• Complete a bank reconciliation after the second month of operations
• Define outstanding checks and how they are shown on the bank reconciliation
• Define outstanding deposits and how they are shown on the bank reconciliation

Course Content:

• Sections: 2
• Lectures: 6
• Duration: 1h 51m

## Requirements:

Who is it for?

• Anybody who wants to learn accounting
• Anybody who wants to learn Excel
• Accounting and business professionals
• Accounting and business students

What are you waiting for to get started?

Enroll today and take your skills to the next level. Coupons are limited and may expire at any time!

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