About this tutorial:
Video duration: 00:17:02
💥Bank Reconciliation Cheat Sheet →
Join 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…
▪ Timing Differences
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…