How to do a Bank Reconciliation (Step-by-step tutorial)

Master the process of Bank Reconciliation with our step-by-step tutorial. This video covers everything from understanding bank statements to identifying discrepancies and adjusting the balance. Follow along as we delve into the nitty-gritty with a practical example. Subscribe for more practical accounting advice and tutorials.

0:00 Introduction
0:20 Bank Statement Definition
0:33 Cash Book Definition
1:06 Why do the Bank Statement and Cash Book disagree?
1:57 What is a Bank Reconciliation?
2:33 Why is a Bank Reconciliation necessary?
3:06 When are Bank Reconciliations done?
3:45 Practice Problem (Showing How to do bank reconciliation)

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