⭕ Bank Reconciliation: a bit confusing but worth learning. It can even be called "easy" once you know how to do it. In this video, I attempt to give you a total explanation of how to do Bank Reconciliation.
Sorry! - the audio cuts out briefly at around 13:20 but I said "because this is a debit, it will be a Late Lodgment to subtract later." Hope you can still follow everything !
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There are 3 steps to bank Rec: Update the Cashbook, Add the Unpresented Payments, Less the Late Lodgments.
I show both why and how to reconcile a company's cashbook with their bank statement. The first half is an explanation of the surrounding details, and from 9:00 shows the actual steps to do a Bank Reconciliation statement.
Hope this helps you understand what you need to do on the exam!
#csec #bankreconciliation #csecoa #csecofficeadministration #officeadministration #exampreparation
