Let’s be honest – when someone says “bank reconciliation,” your eyes might start to glaze over, and suddenly, you’re transported to that daydream where you’re sunbathing on a tropical island. Okay, maybe that’s a bit of a stretch, but the topic may seem intimidating or even dull to some. However, mastering bank reconciliation is a vital skill for individuals and business owners alike, ensuring that their financial records are accurate, complete, and reliable. Lucky for you, we now live in the era of online courses, where learning essential skills from the comfort of your home is more accessible than ever.
So, you might be thinking, “But where do I begin? There are countless online courses and platforms available, all with varying content, price points, and instructors!”. Well, fear not, dear reader! In this blog post, we’re going to navigate these waters together to help you find the perfect bank reconciliation online course – one that suits your needs, schedule, and learning style. From video lectures and interactive practice exercises to expert-led webinars, you’ll discover a variety of ways to master the art of bank reconciliation, and who knows – maybe even have a little fun along the way! Now, let’s dive in, shall we?
Bank Reconciliation Courses – Table of Contents
- Bank Reconciliations & Cash Internal Controls
- Bank Reconciliation Statement using Excel – Easy Guide
- Excel Accounting 5–Bank Reconciliations-Month 1 & 2
- Bank Reconciliation & VAT on Excel
- QuickBooks Desktop Bank Reconciliation, Proving All Records
- Accounting 104 – Bank Reconciliation & Correction Of Errors
- Bank Reconciliation Statement
- Bank Reconciliations, & Cash Internal Controls-Presentations
Bank Reconciliations & Cash Internal Controls
Platform:
Udemy
Rating:
4.5 out of 5
Welcome to a comprehensive course on Internal Controls and Cash Management, where you will explore the significance and objectives of internal controls. This course aims to provide learners with a robust understanding of the subject, covering everything from the basics to more complex concepts. As cash-related internal controls are crucial for maintaining accuracy and transparency in an organization’s cash inflow and outflow, the course focuses on safeguarding your company’s most liquid asset.
The course highlights essential elements like bank reconciliations and setting up, recording, and managing petty cash accounts. With the help of instructional videos and various resources such as PDF files, Excel practice files, multiple-choice questions, and discussion questions, you can enhance your learning experience. Learn from a professional with years of experience in accounting and software like QuickBooks, who holds CPA, CGMA, and CPI certifications, and a Master of Science in Taxation. Whether you’re an accounting student, aspiring professional, business owner, or preparing for the CPA exam, this course offers the knowledge and skills you need to strengthen your understanding of internal controls and cash management. So, enroll now and master these essential accounting principles!
Skills you’ll learn in this course:
- Understanding the fundamentals and objectives of internal controls
- Implementing cash-related internal controls for accuracy and transparency
- Mastering the bank reconciliation process to increase cash account accuracy
- Setting up and managing a petty cash account
- Applying knowledge through practice questions and discussions
- Learning from a professional with accounting, software, and teaching expertise
- Grasping technical topics effectively for various business applications
- Strengthening understanding of internal controls and cash management for accounting students, professionals, and business owners
Bank Reconciliation Statement using Excel – Easy Guide
Platform:
Udemy
Rating:
4.5 out of 5
Hey there, let me tell you about this awesome online course on Bank Reconciliation! This course is perfect for accounting students, employees who deal with bank transactions regularly, and business owners. The beauty of this course is that it not only teaches you an essential skill, but it also has practical applications in the real world. In a company, it’s essential to maintain the same cash balance in their own books as well as in the bank, and that’s where this course comes in handy.
The course will start by explaining the meaning and importance of bank reconciliation. It will help students identify the reasons for any discrepancies in cash balances and guide them through the process of preparing a Bank Reconciliation Statement. But that’s not all! After teaching you all about preparing the Bank Reconciliation Statement step by step, the course will also guide you to create a template for the statement using Excel. This will reinforce your understanding of the process and also prove useful for practical applications. So, why wait? Enroll now and enhance your knowledge about Bank Reconciliation Statements while also developing your own handy template.
Skills you’ll learn in this course:
- Understand the meaning and importance of bank reconciliation
- Identify reasons for mismatched cash balances
- Prepare a Bank Reconciliation Statement
- Navigate bank transactions effectively
- Enhance practical knowledge of bank reconciliation
- Create a template for Bank Reconciliation Statement using Excel
- Improve accounting skills through hands-on experience
- Streamline financial management for businesses
Excel Accounting 5–Bank Reconciliations-Month 1 & 2
Platform:
Udemy
Rating:
4.7 out of 5
Dive into the world of bank reconciliations with this comprehensive online course that focuses on creating bank reconciliations using two months of financial data in Excel! Throughout the course, you’ll have access to handy downloadable Excel Workbooks, which include both the answers and new steps completed, as well as a starting point where the prior lesson left off. Get ready to create bank reconciliations for both the first and second months, and gain a better understanding of this crucial aspect of the accounting system.
Many people misunderstand the purpose of bank reconciliations, thinking it’s just about double-checking cash balances. But in this course, you’ll learn that these reconciliations are also about verifying all cash transactions, from increases to decreases. Since cash is the lifeblood of any business, mastering bank reconciliations will give you greater control over your accounting system, including managing revenue, expenses, and employees. Say goodbye to confusing textbook problems, as this course will provide a real-world bank statement example, making the bank reconciliation process clear and understandable. Plus, you’ll get insights into how accounting software like QuickBooks handles bank reconciliations and learn how to tackle common issues encountered when entering your first reconciliation. All in all, you’ll become a bank reconciliation pro in no time!
Skills you’ll learn in this course:
- Creating bank reconciliations in Excel.
- Understanding the importance of internal controls over the accounting system.
- Verifying cash transactions and their impact on the double-entry accounting system.
- Gaining insights into the revenue, expenses, and employee cycles of a business.
- Navigating the bank reconciliation process with and without bank statements.
- Learning how accounting software like QuickBooks handles bank reconciliations.
- Addressing common problems encountered in the first bank reconciliation.
- Mastering the process of reconciling financial data for multiple months.
Bank Reconciliation & VAT on Excel
Platform:
Udemy
Rating:
4.5 out of 5
Looking to master bank reconciliations and UK VAT returns using Excel? This one-hour course is perfect for you! You’ll be guided through essential terminology such as bank rec, nominal codes, and VAT codes and rates, as well as learning how to do bookkeeping using a provided Excel template. The course is suitable for those working in accounting, bookkeeping roles, individuals starting their own business, or simply anyone wanting to improve their Excel skills for financial purposes.
Throughout the course, you will work with a cashbook template in the form of Microsoft Excel spreadsheet (version 2003 or newer is required). You will be shown how to complete bookkeeping on a cash basis and use the calculated figures to complete the UK-based VAT return. The course also covers nominal codes and provides a detailed example of a bank reconciliation. A basic level of Excel competence is necessary for this course, but the template is designed to be user-friendly and adaptable for your own business needs. So, if you’re ready to take control of your finances and hone your Excel bookkeeping skills, this course has got you covered.
Skills you’ll learn in this course:
- Mastering bank reconciliation on Excel
- Completing a UK VAT return on Excel
- Understanding and using nominal codes
- Doing bookkeeping on a cash basis using an Excel template
- Working with embedded codes and templates
- Practicing a worked example of a bank reconciliation
- Applying the skills for a career in accountancy or bookkeeping
- Utilizing Excel for bookkeeping in your own business
QuickBooks Desktop Bank Reconciliation, Proving All Records
Platform:
Udemy
Rating:
4.3 out of 5
Are you looking to become the superhero of your company by ensuring that your entire set of QuickBooks Desktop records are flawless? Look no further! This comprehensive video course is designed to teach non-accounting professionals everything they need to know for proving that their company’s financial records are accurate. Covering critical procedures such as bank reconciliation for both bank accounts and credit card accounts, this course tackles every challenge or situation you may encounter, helping you find and fix common mistakes.
The course provides a step-by-step approach, starting with an explanation of QuickBooks bank reconciliation and following along with the instructor for five consecutive bank reconciliations on video. You’ll learn how to use the reconciliation discrepancy report, make a beginning balance adjustment, undo a reconciliation, and deal with uncleared checks from previous months. Additionally, the course covers reconciling accounts receivable and payable records, as well as finding and fixing incorrectly classified expense categories for bill and check transactions. With these skills in hand, you’ll be the go-to expert in maintaining flawless financial records for your company!
Skills you’ll learn in this course:
- Mastering bank account and credit card reconciliation in QuickBooks.
- Identifying and fixing common record-keeping mistakes.
- Utilizing reconciliation discrepancy reports effectively.
- Making beginning balance adjustments for the first month’s bank reconciliation.
- Undoing a reconciliation when needed.
- Navigating and utilizing bank reconciliation reports.
- Reconciling accounts receivable and accounts payable records.
- Finding and fixing incorrectly classified expense categories.
Accounting 104 – Bank Reconciliation & Correction Of Errors
Platform:
Udemy
Rating:
3.8 out of 5
Accounting 104 – Bank Reconciliation and Correction Of Errors is the perfect course for beginners looking to master the basics of accounting and eventually become professional accountants. This engaging, slow-paced course uses real-life examples to walk students through the accounting process, making it easy and fun to learn. Ideal for those who want a thorough understanding, it might not be the best fit for students already familiar with accounting concepts.
In the course, students will learn why the balances in the Cash Book and Pass Book differ, how to calculate the Adjusted Balance, and how to make a Bank Reconciliation Statement. Additionally, they’ll delve into types of errors in the accounting process (Errors of Omission, Errors of Commission, Errors of Principle, and Compensating Errors) and how to correct them. With enough practice, students who complete the entire series can potentially take up entry-level jobs as Book Keepers and/or Accountants. However, further external practice to grasp real-world applications quickly is recommended.
Skills you’ll learn in this course:
- Identifying differences between Cash Book and Pass Book balances
- Calculating the Adjusted Balance
- Creating a Bank Reconciliation Statement
- Understanding Errors of Omission in accounting
- Recognizing Errors of Commission in accounting
- Identifying Errors of Principle and Compensating Errors
- Making Correction of Error Entries in the General Journal
- Gaining practical experience in the accounting process
Bank Reconciliation Statement
Platform:
Udemy
Rating:
3.4 out of 5
If you’re a student or a professional in accountancy and finance, you might want to check out this course on bank reconciliation statements (BRS). It covers everything from the basics to BRS in Excel, making it perfect for anyone who wants to get a clear understanding of the topic. With 3 hours of virtual white-boarding, in-course knowledge checks, and quizzes and assignments in each module, you’ll be armed with all the knowledge you need to tackle BRS with confidence.
The course is divided into five sections, starting with an introduction to BRS and its importance. Next, you’ll find video tutorials demonstrating how to derive balance as per bank statement and bank account in books of accounts. Section 4 guides you through preparing a BRS when you have the opening bank reconciliation statement, cashbook, and passbook for a specific period. Finally, section 5 brings it all together, teaching you how to prepare a bank reconciliation statement in MS Excel. So, why wait? Dive in and enjoy the learning experience!
Skills you’ll learn in this course:
- Understanding the concept and purpose of Bank Reconciliation Statements (BRS)
- Learning the basics of BRS and its components
- Deriving balance as per Bank statement
- Deriving balance as per Bank account in books of accounts
- Preparing BRS when the Opening Bank Reconciliation Statement, Cashbook, and Passbook are available
- Learning step-by-step examples of BRS preparation
- Mastering BRS preparation in Microsoft Excel
- Applying your knowledge through quizzes and assignments
Bank Reconciliations, & Cash Internal Controls-Presentations
Platform:
Udemy
Rating:
4.6 out of 5
If you’re looking to master bookkeeping for bank reconciliations and cash, you’ll definitely want to check out this online course! Focusing on the presentation component of the resources, learners can easily watch and absorb the material without any distractions. The course will discuss internal controls, their usefulness, and objectives. Specifics such as bank reconciliations, which is a critical internal control for businesses of all sizes, will be explored in depth. This process compares the bank statement to the cash book balance as of a certain point in time, providing assurance for the cash account and several other accounting processes.
The course instructor is highly qualified, with credentials such as CPA (Certified Public Accountant), CGMA (Chartered Global Management Accountant), a Master of Science in Taxation, CPS (Certified Post-Secondary Instructor), and Curriculum Development Expert. They have practical experience in accounting concepts, software like QuickBooks, and experience teaching. You’ll learn essential aspects such as internal controls, cash receipts and disbursements, bank reconciliations, petty cash, and key terms and definitions. So, why wait? Make sure to mark this course as your next step to improve your bookkeeping skills and understand the world of bank reconciliations and cash management better!
Skills you’ll learn in this course:
- Understanding the importance of internal controls
- Learning the objectives of internal controls specific to cash
- Mastering the bank reconciliation process
- Gaining skills in setting up and recording a petty cash account
- Familiarizing with cash receipts and disbursements internal controls
- Boosting confidence in handling complex accounting issues
- Applying knowledge of accounting software like QuickBooks
- Enhancing understanding of key terms and definitions in accounting
In conclusion, taking a bank reconciliation online course is an incredibly smart decision for anyone who wants to boost their financial literacy and gain a better understanding of their personal or business finances. With a plethora of options available at your fingertips, catering to various skill levels and learning styles, there’s no reason not to take advantage of the opportunity to learn about this essential aspect of financial management. Plus, most courses can be completed from the comfort of your own home or office, allowing you to master this skill at your own pace.
So, whether you’re an entrepreneur running a small business, an aspiring accountant, or just someone who’s looking to improve their personal financial organization, make sure you consider embarking on a bank reconciliation online course. As you go through the learning journey, remember that practice is the key to success – the more you apply your newfound knowledge to real-life situations, the more polished your bank reconciliation skills will become. Ensure that you carry out research to identify the right course that aligns with your needs and goals to achieve the best results. Go ahead, and make a strong step towards financial clarity and stability today.