When you enroll through our links, we may earn a small commission—at no extra cost to you. This helps keep our platform free and inspires us to add more value.

Bookkeeping and Accounting Basics- Bank Reconciliation
Learn Bank Reconciliation from a practicing BAcc. ACCA. MSc.

This Course Includes
udemy
2.6 (2 reviews )
5 total hours
english
Online - Self Paced
course
Udemy
About Bookkeeping and Accounting Basics- Bank Reconciliation
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.
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.