How (and why) I Perform Bank Reconciliation (As a CPA)

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Title	:	How (and why) I Perform Bank Reconciliation (As a CPA)
Lasting	:	8.46
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Is it possible to receive a bank statement weekly? Not monthly because I think it would be better to reconcile each week to avoid a big mess in the end of a month
Comment from : @ingrid2562

7:41 how does it know that the item number 2 will be added to the books but it doesn't add the item number 1 to the bank statement? What I mean how does the system deducts that 1st item is already in the bank statement but 2nd is not in the books?
Comment from : @8359s

Is it Accounts Receivable or payable reconciliation statement
Comment from : @life-tz7rg

Your videos are very informative If you could do a video for preparing budget for nonprofit organizations that would be so wonderful Thank you
Comment from : @jadedeniz7579

Thanks for sharing this video! I have a question I haven't been able to think how to work it through The company credit card account have multiple employee cards One of the employee card transactions are being recomciled in a separate QB account The employee makes the payment of her card directly to the credit card company When i have to reconcile the statement I have been reducing the previous balance by substracting the employee previous balance due And for the current balance I am substracting the employee cc balance from the main balance due When reconciling I do check mark the payment she did to her balance plus the payment we made for the rest of the balance due By doing this process I am still off by exactly the amount of the employee balance on her cc
Comment from : @monicamolina4185

great video I think a really important point to mention is how the book balance is the number that should be analyzed more than bank balance and why that is
Comment from : @Agilebeast21

Superb
Comment from : @savitavaidya-z3g

An excellent way to teach concepts As a fresher, we do not have the opportunity to see the process, we only possess theoretical knowledge but you had shown us a practical example of how it is done in a real-world scenario Thank you
Comment from : @muhammadanas2073

I like how you explain the why In school most of the time they only show you concepts and how to do it and don't tell you how it all ties together and how it fits in the overall picture so we are still lost when we first enter the workforce
Comment from : @savor950

Thank you for this video!
Comment from : @thewarthens

hello! im new to bookkeeping, may i ask why we placed the chase checking in credit?
Comment from : @miladychu8007

Greetings, I manage an accounting firm in Greece Your teaching style is wonderful Your opinion on how AI helps accounting and if you can show a way
Comment from : @dimitriosgiannakos6860

Really I am loving the way you teaching Outstanding By seeing yours anyone who knows GAAP can do it Amazing work Keep going Almost for 5 years didn't touched quick books It also refreshed me Thanks Bro 😊
Comment from : @vijayrajashree4694

Superb content!
Comment from : @DreamFirms

Can you please make the series on payroll?
Comment from : @ubaidzamir4925

You are amazing! Thank you for this videos they are super helpful!😊
Comment from : @marthatovar85

Great video!
Comment from : @HectorGarciaCPA

Another insightful video! Do you know anything about being a Certified Information System Auditor? What opportunities might be available compared to CPA? I’m torn between the two right now
Comment from : @josiahmelendez5

Great content!
Comment from : @edgardopagan4541

You should do a video on data analysis/ programming and how it relates to accounting Hard to find good info on that topic Also the new cpa exam will cover a lot of technology and data skills
Comment from : @ntylesss208

So with the journal entry, you have to enter the $20,000 as a debt and also a credit?
Comment from : @joecoleman288

Thank you Your videos are very inspirational I am planning to pursue master degree in accounting and ultimately sit for CPA exam I learned so much from your videos brBest,
Comment from : @hirakhan92

Very informative video for CPAs
Comment from : @junaid_rahman4011

Very helpful video! I'll start applying for entry level positions soon, good to see how the bank reconciliation is actually done in an example, rather than just seeing it done on paper or explained theoretically
Comment from : @peekaboo6168