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How To Do A Bank Reconciliation (EASY WAY)

Accounting Stuff 1 views

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The bank reconciliation can be a real headache if it get's left alone for too long and most of us probably don't do it regularly enough How often do you do you reconcile the Bank Statement?
Comment from : @AccountingStuff

Hi James,brbrNSF cheque of 6k was deducted on the bank statement I guess better to inform viewers that same amount was credited on earlier balances(b4 01Jun) at bank & cach book & was treated as BBF at the beginning of this monthbrbrAs it appears, cheques from clients should hv been treated as credits to the business than reductionsbrbrTkc
Comment from : @AshuJoro

Even after 6 years this thing is saving my ass bruh
Comment from : @QuirkQuest915

thank you!!
Comment from : @vaishnandurkar3222

Thanks a lot for this! Very useful material
Comment from : @georgelashx2353

Shouldn’t the 45 dollars be added and not deducted?
Comment from : @wowno2269

Talk too much just get to the damn point 😵‍💫
Comment from : @Redeemalives

I love the theatrics! You have been extremely helpful with teaching bank reconciliation Thank you!
Comment from : @jameyswartz5834

Fantastic explanation! Yeay, thanks Never learnt the final step during my study I’ll smash it after this!
Comment from : @nabilaelyanasharif4579

Really helpful for understanding my college class, thank you!!
Comment from : @LulusLearningCurve

This is a solid video on the topic, I like how you intersperesed humour throughout it to keep it engaging
Comment from : @Soldier-yu2ml

Awesome 💯
Comment from : @mercyrimanto4898

If ur a school
Comment from : @ngenzichristian1249

Not me watching this one month into my new job when I lied my way through the interview 🥲
Comment from : @tglis9651

Outstanding Payroll checks will be the death of me, I swear 🤌🏼💀
Comment from : @sonnygunz5178

Thanks, I learned it very quickly
Comment from : @KiraYYoosh

I love u sir u are the best in accounting 💞💞💞
Comment from : @kuchbee369

Can you please do the creditors reconciliation
Comment from : @Keketso-zm3qb

Me I have a job interview in 3 hours kinda nervous
Comment from : @etawumaxime1063

You’re so annoying to watch
Comment from : @KoreBelaf

I am from nepal ❤but I don't understand English language ❤😂😅❤
Comment from : @MausamLimbu-u9x

Very helpful
Comment from : @MUHAMMADHARITHIRFANBINABDULRAZ

james, i representing all of AC111 class of 2024/2025, want to say thank you for all of your videos ❤
Comment from : @randomkid6695

Thank you so much you 🤩are the best
Comment from : @repentforthekingdomofheave3153

I am a Guyanese accounting student and I find your explanation very helpful Thank You
Comment from : @anneciapoyer2984

Beneath you? Heh heh
Comment from : @lourdesgarcia2969

i checked like u said but in clients docs and QB on 2021 different numbers does this is cause their docs Canadian?
Comment from : @dionegrey6921

Anyone in 2025?
Comment from : @abhaychauhan2843

Thank you so much for explaining a concept that has been difficult for me since a long time! I just enjoy how you explain complex concepts with humor and entertainment Thank you for these videos, and they have surely been a boon for me🙏🏻🙏🏻
Comment from : @kathaklover12

I've been an accountant for more than a decade now and I have always been curious as to why checks are immediately recorded as a disbursement when the company, given a minor fee, can easily stop encashment of their checks or issue multiple checks regardless of their bank balance Not a good practice but I know but should I have not been an accountant if I'm still questioning this? 😅
Comment from : @carydum9356

Hey Man, You are a true legend and genius
Comment from : @sandeepchhetri8251

Interesting this process is different from AAT Seems more familiar to sage because when I did the bank rec it had to balance to zero
Comment from : @kristinecarreon1411

hey accountant, it was super, could you do a video on bank reconciliation journal entries and cash book
Comment from : @afnaconstruction3371

Very helpful and easy to understand
Comment from : @emmanuelallieu5875

Very good explanation
Comment from : @zahidrahman3820

watching this an hour before my exam LMAO
Comment from : @dtinymphh

Really great tutorial, thank you so much
Comment from : @xiadanji

Cant believe i find this 3 hours before my test 😂😂😂
Comment from : @shariqnadeem3795

This is the most helpful channel keep on and I now how to prepare the bank statement and the cash book
Comment from : @LikojiKawasha-p6n

I love the way that you still reply to every new comment
Comment from : @numbers5737

Hey I would like to give you an honest review, you teach in very easy and clear way that concepts get really easy to understand however you speak too fast which creates difficulty for non English speakers to understand 😊
Comment from : @KhadijaSiddiqui-r2f

I gaslit, gatekeep, girlbossed, just a little too close to the sun and got a job as an accountant with zero education or experience This account has saved my ass too many times to count
Comment from : @Randi-MarieTortorelli

Hi , br have you made a video about bank reconciliation with additional information
Comment from : @miraasuhaimi

Noob asking here, so why not just use bank statement as a source of truth and that's it?
Comment from : @8359s

You taught me better than my professor! Thank you!
Comment from : @SomayeSadat-gx1ot

Its making my concept hard can you explain it to me
Comment from : @faisalrashid3901

It was really complicated
Comment from : @alienaliens146

I'm very sure you do a lot of sports because you don't even get old ❤
Comment from : @khandynourijkamouelle9760

very nice video
Comment from : @meron5661

I hope you see and answer this Ive understood everything except,why did you subract the 45 from the Cashbook balance instead of adding it? Wasnt the Cash Book understated by 45 (7005)as compared to the 7050 in The Bank statement? Meaning we add the 45 to make it match the 7050 in the BS????
Comment from : @msongomsimuko590

"Youtube has revolutionized learning"brbr- Zun Tsu, Art of War
Comment from : @tangbein

OMGG Thank youu, I didn't understand a single thing my lecturer taught and you saved me You are my life saver
Comment from : @HEINLINNHTET-k7p

Thank you Sir
Comment from : @iconictagizi7913

im watching this with zero accounting exp(lied outta my ass) and now I need to know how to do this within 2 days LMAOOO how screwed am i? 😂💀
Comment from : @puffydangon1969

you literally hit everyone of my questions on my hw I was stuck for like 3 hours and I said alright lemme see on yt for this
Comment from : @coldvro

Thanks alot i finally got a hang of it❤❤
Comment from : @EhbaneyeFavour

Watching this on the morning of the test? 🤦🏻‍♀️😪🤌🏼
Comment from : @umaniiiiiiiii

Can i sit between u n that good looking guy on the left?❤
Comment from : @lourdesgarcia2969

🎉 it cant be this simple!!! Thank u!
Comment from : @lourdesgarcia2969

Best ever I learned more in 3 minutes than thr semester!😂
Comment from : @debrastreeter6166

how did you get unewconciled amount
Comment from : @femkhan

I'm here in 2024 bcs I have landed on an accounting position with my 1 accounting background (a 25 credit points subject in uni that I did 5 years ago)
Comment from : @pixelinie

Crazy to me that my college links this! Incredible work
Comment from : @ChatIRL

Thank you so much This truly helped My books balanced 😊
Comment from : @selmananyemba570

I used to think I was dumb cause I found bank recs challenging at first and everybody said they were easy It definitely makes a huge difference when you're able to understand why there are certain discrepancies and when those are explained properly Thank you so muchI am going to subscribe lol
Comment from : @jonathanlim6882

Good day!!! From Malaysia
Comment from : @dmk0178

I am not clear on how the deal with the NSF check works I have had checks like that given to me by clients, and as I recall, the bank only charges me a NSF fee, not deducting the check amount from my checking account Was this an error in the video?brbrLove your stuff BTW, I am hooked on your content!brbrCody
Comment from : @MrPilotguy20

Thank you so much
Comment from : @Musabrah

what if you have to make the bank recon and cashbook yourself?
Comment from : @skylallion8426

Won't it be easier to use the bank reconciliations feature on the accounting software?
Comment from : @brucesinvestingseries8572

Thank you
Comment from : @bisratweretaw1768

so helpful!
Comment from : @vincenttsan7177

can i use your bank reconciliation template for my notes?
Comment from : @ChristianHill-e5t

Great ❤❤❤
Comment from : @laimab_official

Me one hour to my exams 😢
Comment from : @MissBeet

THis guy is amazing
Comment from : @MaximShemet-u1t

explained very detailed
Comment from : @username3838-e5h

Brilliant!
Comment from : @rplutchik

When you are watching this a day before an interview I used to work in Audit
Comment from : @bhavikupadhyaya972

Perfect
Comment from : @SkhulileSyanda

Perfectly explained
Comment from : @gem241968

Hello, could you please answer my question? I really stuck in it now The opening balance from cash book and the balance foward in bank statement are always the same number? If not, what happen?
Comment from : @Maya-y9v4j

studied this topic today and didn't understand a thing but youuu made everything seem so easy tysm for this
Comment from : @abdullah77944

i am doing an assignment of this bank reconciliation My headache is spinning
Comment from : @vernomsimex

Tommoro interview ❤
Comment from : @nainarmohamad9464

Thankyou 😅
Comment from : @iamahorsenut7541

were did the 53498 come from
Comment from : @kaychabika

Nice! I needed this refresher
Comment from : @MundoDeMando

POV: When you like the editing more than the lecture ;) BTW now I understand bank reconcilation RESPECT
Comment from : @MirwaisMashal

Finally found my best accounting youtube channel guy ❤❤❤❤❤❤❤ Thankyou for your wonderful explanation and hoping for more and wonderful editing accounting explanation man Love the videos and how you explain too i will never unsubscribe your channel 🫂🫂🫂🫂🫂🔥🔥🔥🔥
Comment from : @myfavourites5089