Bank Reconciliation Statement Explained | FULL EXAMPLE

In this accounting lesson, we go through the Bank Reconciliation Statement. We explain what the Bank Reconciliation is, why we do it, the reasons for the differences between the Bank Statement and the Bank account in the business' books, and what to do with outstanding cheques and outstanding cheques from last month's bank reconciliation statement that did not appear in this month's bank statement.
We also go through a thorough example on how to complete the Cash Receipts Journal (CRJ), the Cash Payments Journal (CPJ), the bank account in the general ledger and how to close it off, and how to complete the Bank Reconciliation Statement.
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Пікірлер: 237

  • @CarolinaDiaz-ip7jw
    @CarolinaDiaz-ip7jw4 жыл бұрын

    Perfectly explained! You did a terrific job! 100% recommended! Thank you so much!

  • @thandekamceleni8238

    @thandekamceleni8238

    3 жыл бұрын

    Thanks for the information... I just want to ask how do we rectify if there was an error cheque debited twice on Bank statement?

  • @user-dg8ct2ju4e

    @user-dg8ct2ju4e

    10 ай бұрын

    ​@@thandekamceleni8238😂

  • @ritohlungwana8809
    @ritohlungwana88093 жыл бұрын

    You make accounting looks very simple, as a Unisa's student I don't feel like a distance learning student because of your channel, keep the good work up.

  • @thandolwethushongwe9756

    @thandolwethushongwe9756

    Жыл бұрын

    I'm also a unisa student . I use his vidoes all the time

  • @kristyrowan558
    @kristyrowan5582 жыл бұрын

    Studying online has been difficult. Your explanation and demonstration has been a life saver.

  • @fredymaila

    @fredymaila

    2 жыл бұрын

    The guy is really good. You may also check a detailed Bank Reconciliation example after some explanations here. m.kzread.info/dash/bejne/l5t7srqFmdWylLw.html

  • @angokgarang6164

    @angokgarang6164

    Жыл бұрын

    Thanks I understand it very clear I appreciated you for helping me

  • @infodisputes2354
    @infodisputes2354 Жыл бұрын

    This is superb. No Accounting student should fail Accounting. You are loud and clear as if you are a Grade 1 teacher trying to unlock the mind of a learner.

  • @yoliswagumede
    @yoliswagumede4 жыл бұрын

    I finally understand this properly. Thank you ,will definitely recommend this channel to my classmate

  • @earningexperts365
    @earningexperts3653 жыл бұрын

    just wow ........ i never knew there's this level of simplicity in accounting

  • @FoodWithVibe.
    @FoodWithVibe.3 жыл бұрын

    I’ve never left an accounting class feeling this confident🔥

  • @nerajromesh1504
    @nerajromesh1504 Жыл бұрын

    i never used to understand what a bank recon was but after this video,i want to do more and more examples.you make the best videos and im only passing because of your videos.thank you so much for the explanation.i literally tell all my accounting friends about your videos because they have helped me so much.may God bless you for your hard work.

  • @nihilisticemoidiot5813
    @nihilisticemoidiot58132 жыл бұрын

    I have a bank recon assignment due on Sunday and this helps so much. Can't believe you post this stuff for free, you are helping so many people!

  • @ksprincess2345

    @ksprincess2345

    2 жыл бұрын

    Al hamdulillah 34 years of success. Such an authentic and useful information for the clearance of your doubts. Specially for those who believe in QUALITY EDUCATION.👇 kzread.info/dash/bejne/X2mtj5OqpqjJnZs.html

  • @KwaBab.omncane
    @KwaBab.omncane Жыл бұрын

    Where were you when I was in grade 10😭 you are a life saver my God bless you

  • @nontobekoxulu2185
    @nontobekoxulu21853 жыл бұрын

    Wow this was thoroughly explained. Now I understand the Bank Recon Statement procedure. Thank you.

  • @SongwiqiBella
    @SongwiqiBella4 жыл бұрын

    Thank you so much. You have given me the enthusiasm and love for accounting I was missing. I now see accounting as a great challenging and interesting rather than something to fear

  • @Counttuts

    @Counttuts

    4 жыл бұрын

    Glad to hear that. Thanks for the feedback :)

  • @nathalievanheteren5235
    @nathalievanheteren523510 ай бұрын

    This is an excellent video to recap on how to do a Bank Reconciliation! Thank you so much! I understood everything as you explained it so well👏👏👏

  • @BuhlebzNetwork
    @BuhlebzNetwork3 жыл бұрын

    You were born to teach my brother your video is making accounting look easy.

  • @boitumelomakgopela212
    @boitumelomakgopela2122 жыл бұрын

    Wow... For someone who last did accounting in 2010, you explain it so perfectly.. Thank You and God bless You for this beautiful job your doing.

  • @MoonLight-fs6gl
    @MoonLight-fs6gl4 жыл бұрын

    I am such a big fan of your videos, the calm tone of voice and the way of explaining are amazing. Real professional

  • @Counttuts

    @Counttuts

    4 жыл бұрын

    Thank you for the kind feedback. Appreciated :)

  • @ntokozomokwane1329
    @ntokozomokwane13292 жыл бұрын

    The only accounting lesson I watched without napping

  • @avanthikanaidoo1393
    @avanthikanaidoo13933 жыл бұрын

    This was well done, thank you so much for the help 🙏

  • @MadinahCanti
    @MadinahCanti2 ай бұрын

    I'm writing next week and feel blessed finding your videos. Thank you so much ❤❤

  • @tholoanalephallo4908
    @tholoanalephallo49082 жыл бұрын

    This video really helped me with my assignment ❤️🙏 I’m pretty sure I bagged a distinction

  • @hehehehehehe6071
    @hehehehehehe60712 жыл бұрын

    You really good at what you doing,thank you.❤

  • @thabsilenosiphomanqele8763
    @thabsilenosiphomanqele87634 жыл бұрын

    Thank you so much.. I got so much clarity from this video❤️

  • @lucious_Madisha
    @lucious_Madisha Жыл бұрын

    iyhoo you just helped me understand accounting,i highly recommend your channel. i think i'll start visiting this channel more regularly. THANK YOU SO MUCH

  • @danielsalumu2654
    @danielsalumu26542 жыл бұрын

    Wooow thank you man This video will definetely help for my accounting exam tommorow. thank you once again

  • @bridgetnyawo6414
    @bridgetnyawo64143 жыл бұрын

    Wow Amazing, i have been struggling with this for ao long now thank you

  • @mafheedelcratiamoila1002
    @mafheedelcratiamoila10024 жыл бұрын

    Wow thank you .I have an exam tomorrow n am gonna nail it.........I have watched most of ur videos,you r really doing an amazing job

  • @paulamanga2441
    @paulamanga24413 ай бұрын

    You make it easy and simple to understant, thankyou very much for this explanation it really helps me a lot.

  • @GKZ798ZN
    @GKZ798ZN2 ай бұрын

    Everything makes sense, tank you so much. Now i have confident to prepare the bank reconciliation statement

  • @juliamgengwana9056
    @juliamgengwana90562 жыл бұрын

    Very helpful. clear explanation, I highly recommend it. Thank you

  • @danielfaylosi2661
    @danielfaylosi26614 ай бұрын

    this has made my day am very happy very simple and easy to go through

  • @motumishenggodlive7565
    @motumishenggodlive75652 жыл бұрын

    KZread should recognize your excellently presented video. S.O from RSA Limpopo and keep on uploading relevant content!!!!!

  • @ZiziphoVelem
    @ZiziphoVelem Жыл бұрын

    Thank you so much i was lost in the class but now I'm the best in my class with the bank reconciliation ❤❤ thank you once again keep it up a good work sir you are much appreciated in this side

  • @langanontshatsha9375
    @langanontshatsha93752 жыл бұрын

    Thank you very much for simplifying it and I'm looking forward to more accounting content. Danko

  • @iam_kxylee
    @iam_kxylee3 жыл бұрын

    Thank you, U really help me out with the bank reconciliation statement.

  • @londiwenthabisengmthombeni6007
    @londiwenthabisengmthombeni6007 Жыл бұрын

    Thank you for everything. ❤️ You're the best 💕

  • @ravynbrown6451
    @ravynbrown645127 күн бұрын

    This is the best explanation of bank recon ! Thank you !

  • @nunapeachy
    @nunapeachy3 жыл бұрын

    I would love to thanked you for making this video😭😭😭😭 this is by far the best explanation video ever! it helps me a lots tbh 💓. Thanks!!!

  • @ottiliamoyo6152
    @ottiliamoyo61527 ай бұрын

    🤓🤓🤓🤓words cant explain hw u juc bcame my everyday textbook i feel relieved to know i can rely on your teachings 🙈🙈i cant believe i have upgraded in my studies i give you my salutations

  • @janemamothibedimakgolane4266
    @janemamothibedimakgolane42667 ай бұрын

    Writtin on Wednesday you're helping us soo much may God bless you

  • @kachinfya7092
    @kachinfya7092 Жыл бұрын

    Thank you so much. I hope to ace my accounts exams. You have taught us well

  • @generalrimsy2892
    @generalrimsy28923 жыл бұрын

    Fantastic delivery. Thank you.

  • @merriamkganyago7218
    @merriamkganyago72182 жыл бұрын

    Thank you for these videos ❤️ Not all heroes wear capes.

  • @briansilah9605
    @briansilah96053 жыл бұрын

    Have really understood this. Thanks and be blessed

  • @temanijere963
    @temanijere9633 жыл бұрын

    This was perfectly explained ..Thank you

  • @senzingubane8485
    @senzingubane84852 жыл бұрын

    Great explanation im glad i saw this before my acc exam

  • @accountingforbeginners9210
    @accountingforbeginners92102 жыл бұрын

    This is a good tutorials on bank reconciliation,keep the fire burning

  • @kwanelentandomabaso9793
    @kwanelentandomabaso9793 Жыл бұрын

    Thank so much. You're a life saver❤️

  • @GeminiJune0608
    @GeminiJune06082 жыл бұрын

    Thank you...its 2021...and u helped me sooo very much!!!!!!🙏

  • @hillarywekesa2717
    @hillarywekesa27172 жыл бұрын

    you saved me bro...thanks for using an example frm kenya...my home

  • @NicoleDitebogo-dy9cs
    @NicoleDitebogo-dy9cs21 күн бұрын

    This has really helped me a lot...i give it a 100%,thank you so much

  • @uniteyourself4154
    @uniteyourself41542 жыл бұрын

    Your work is award for generation thanks to do this 😌😌😌😌😌

  • @nhlanhlamagwaza141
    @nhlanhlamagwaza1412 жыл бұрын

    Ohh wow! Awesome. Great lesson indeed 🙏

  • @christianac.h.george548
    @christianac.h.george5482 жыл бұрын

    Thanks for the teaching I really got to understand more

  • @samsonkomon630
    @samsonkomon6304 жыл бұрын

    Perfectly done!!

  • @DakaloMakuhana
    @DakaloMakuhana4 жыл бұрын

    beautifully done, thank you so much for the video

  • @Counttuts

    @Counttuts

    4 жыл бұрын

    Hello Dakalo, Thank you for the kind feedback :)

  • @jamesmwesigye758
    @jamesmwesigye758 Жыл бұрын

    Beautifully done, thanks.

  • @amizeroniyonzimamariepierr2198
    @amizeroniyonzimamariepierr21982 жыл бұрын

    Thank you very much for your videos, they are really helpful. Can you upload one about Financial Instruments, please.

  • @noobstation5912
    @noobstation59122 жыл бұрын

    As a student-teacher, these videos help a lot. thank you for these informative videos

  • @ksprincess2345

    @ksprincess2345

    2 жыл бұрын

    Al hamdulillah 34 years of success. Such an authentic and useful information for the clearance of your doubts. Specially for those who believe in QUALITY EDUCATION.👇 kzread.info/dash/bejne/X2mtj5OqpqjJnZs.html

  • @joshoaaquinoterrado105

    @joshoaaquinoterrado105

    8 ай бұрын

    Awarding bank secret...........

  • @mansoorsakmoretel535
    @mansoorsakmoretel5353 жыл бұрын

    Thank you soo much! Well explained

  • @ikanyengsithole5582
    @ikanyengsithole55823 жыл бұрын

    😎🗣Wow... u are a pro... u made it sooo much easy now💛💚💙...much appreciation...🎆🎈

  • @user-jf6go2yi2g
    @user-jf6go2yi2g10 ай бұрын

    Thank you very much..so simple and clear

  • @naledimoshweu6105
    @naledimoshweu61052 жыл бұрын

    This is so detailed ♥️.

  • @SIYA_JAZZMAN
    @SIYA_JAZZMAN7 ай бұрын

    NEW SUBSCRIBER...AND THIS IS PERFECTLY EXPLAINED AND DEFINETELY WORTH RECOMMENDATIONS AND SHARING... KEEP UP THE GOOD WORK MY BROTHER

  • @nosiphombeyiya5945
    @nosiphombeyiya59452 жыл бұрын

    You're amazing I will pass my Acc because of you.💖🙏

  • @J.dawn_
    @J.dawn_9 ай бұрын

    Thank you bro🤞🏽really helped

  • @mukovheneswiswi2972
    @mukovheneswiswi29722 жыл бұрын

    thoroghly enjoed this lesson . very helful

  • @gomolemo5724
    @gomolemo57242 жыл бұрын

    Wow. You are amazing. I wish we had teachers like you in High school

  • @tebodlamini3581
    @tebodlamini35813 жыл бұрын

    Super helpful💯..thank you for this

  • @vee.kubayi
    @vee.kubayi3 жыл бұрын

    Thank uu so much.... Explained it a lot better than my teacher did😹💙

  • @dennisbett3540
    @dennisbett35402 жыл бұрын

    Very well elaborated! Thank you. The illustration looks like a Kenyan question but the accent is South African haha (on a light note)... Thanks again!

  • @YongJohnAkol
    @YongJohnAkol2 ай бұрын

    I alway feel so staunch when watching this professional lecturer

  • @YongJohnAkol
    @YongJohnAkol2 ай бұрын

    Great lecturer God bless you for feeding us

  • @joyceofori2175
    @joyceofori21754 жыл бұрын

    Very well explained!

  • @bridgittehatityi7981
    @bridgittehatityi79813 жыл бұрын

    Well explained, thank you so much

  • @shanzellesing5440
    @shanzellesing54402 ай бұрын

    Fantastic explanation!!🎉

  • @gailmabunda1014
    @gailmabunda1014 Жыл бұрын

    You are doing a great work thanks

  • @getrudemoyo9418
    @getrudemoyo94183 жыл бұрын

    Thank you ,that was helpful

  • @going_loney
    @going_loney3 жыл бұрын

    Thank you 😊 you’ve helped a lot 🥲🥲

  • @CalystusMikapa
    @CalystusMikapa Жыл бұрын

    Well explained God bless you so much

  • @jesserandelhoff4744
    @jesserandelhoff47444 жыл бұрын

    Thanks so much for the video 👨‍🏫👌☺️

  • @kevinjacobs1006
    @kevinjacobs10063 жыл бұрын

    Awesome.. clear explanation.

  • @lethabomofokane5567
    @lethabomofokane55672 жыл бұрын

    Very helpful. Thank you.

  • @mongezinkandi6544
    @mongezinkandi65444 жыл бұрын

    You're the best tutor sir, well explained . God bless you!

  • @Counttuts

    @Counttuts

    4 жыл бұрын

    Thank you Mongezi.

  • @morristom100

    @morristom100

    Жыл бұрын

    Z

  • @faithnjenga9442
    @faithnjenga94423 жыл бұрын

    Very helpful...thanks much

  • @stellachikomo5736
    @stellachikomo57362 жыл бұрын

    so helpful and well understood

  • @gabrielaissa750
    @gabrielaissa750 Жыл бұрын

    Once again thank you ❤️❤️

  • @denisehopkins4885
    @denisehopkins48852 жыл бұрын

    Thanks for the thorough explanation. However, You lost me you did the actual example. I will watch again. As I do reconciliation book vs bank then journal entries for the reconciling items on the book side. I might watch again. Good job on the explanation for what might cause the differences between book and bank.

  • @janewaithaka6247
    @janewaithaka62472 жыл бұрын

    Waooh,very educative sessions,its agood refresha course

  • @unasuniverse3879
    @unasuniverse3879 Жыл бұрын

    Well explained ,thank you

  • @khazauddinliton6791
    @khazauddinliton67918 ай бұрын

    You are the best lecture ❤

  • @MalekutuMohale-bj2rc
    @MalekutuMohale-bj2rcАй бұрын

    Perfectly explained.

  • @buyile_beverly
    @buyile_beverly Жыл бұрын

    You're amazing 🥺 thank you

  • @johnmahwai369
    @johnmahwai3692 жыл бұрын

    Wow this is really understanding

  • @qhamanimaku3109
    @qhamanimaku3109 Жыл бұрын

    Thank You so muchhh bro!!!!!!!

  • @shindodolasaara5139
    @shindodolasaara51394 жыл бұрын

    Amazing! Thank you. 😊

  • @Counttuts

    @Counttuts

    4 жыл бұрын

    You are welcome.

  • @btmtv6856
    @btmtv68562 жыл бұрын

    I finally understood I'm writing soon and this video really helped me thank you😊👌

  • @Counttuts

    @Counttuts

    2 жыл бұрын

    All the best

  • @l.muwuyamuwuya9326
    @l.muwuyamuwuya93264 жыл бұрын

    Thank you well explained

  • @vetondisakaihiva720
    @vetondisakaihiva7203 жыл бұрын

    thank man you are better than my teacher

  • @dylanolivier3731
    @dylanolivier37313 жыл бұрын

    helped me immensely

  • @senamileshozi4634
    @senamileshozi4634 Жыл бұрын

    Best explanation ever❤❤