Creditors Reconciliation | Creditors Control & Creditors Ledger | Explained with Example

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  • Опубліковано 7 вер 2024
  • In this accounting lesson, we explain what the creditors reconciliation is and why it is done. We also explain how to identify errors that affect the creditors control account and the creditors ledger account, errors that affect the creditors control account only, and errors that affect the creditors ledger only. We go through an example of completing a debtors reconciliation with the completion of the Creditors Control Account and reconciling it to the Creditors list.
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КОМЕНТАРІ • 46

  • @saarahamod8472
    @saarahamod8472 4 роки тому +122

    i am an accounting tutor and i have been using your videos as a quick recap of the content before i tutor on the subject, and your videos have been extremely helpful!! Thank you.

  • @sphemnyaka4233
    @sphemnyaka4233 3 роки тому +26

    Thank you so much. I’m writing an exam tomorrow and this was so helpful

  • @KgothatsoComfort-j6e
    @KgothatsoComfort-j6e 28 днів тому +2

    where have you been all my life? YOU ARE THE BEST!!!!!

  • @Crime_Detective101
    @Crime_Detective101 3 місяці тому +4

    You are a champion! Super helpful stuff i wish you were my lecturer… have my exam on Monday feeling more confident after watching this

  • @bukonkombisa2512
    @bukonkombisa2512 2 роки тому +16

    I'm writing ems tomorrow and for the first time, I don't feel like I'm going to fail
    Thank you so much 🥺

  • @thamierenkie195
    @thamierenkie195 2 роки тому +17

    I really like the way to explain. Your so good at what you do. You dont just talk without explaining. You talk and explain at the same time. Be blessed sir thank you somuch your videos are somuch helpful

  • @user-mx5qu3kw1v
    @user-mx5qu3kw1v 4 місяці тому +2

    Thank you so much . I know kinda get it but I'll come back to this specific video when I have forgotten something ❤😊

  • @mirindaafework2419
    @mirindaafework2419 3 роки тому +5

    I m an accountant too and yes you made it easier for recap ty

  • @originallifestylemusiq5552
    @originallifestylemusiq5552 9 місяців тому +13

    Here 2 hours before i enter the exam room🤝

  • @khanyavinjwa9249
    @khanyavinjwa9249 4 роки тому +9

    Thank you so much you've made this section easy

  • @Lyran_SA
    @Lyran_SA 6 місяців тому +1

    Thank you for your help, I will be passing accounting because of you❤

  • @saarahamod8472
    @saarahamod8472 4 роки тому +24

    would it be possible for you to leave a link or the pdf of the notes you use in your videos .

  • @Zack-qg8oq
    @Zack-qg8oq Рік тому +3

    Damn fr watching all the recon videos cause I'm writing it tomorrow 😭😭

  • @akeshjaggernath8409
    @akeshjaggernath8409 3 роки тому +1

    I just watched 2 of ur videos and it helps, writing accounting in a few days time😂

  • @goodgalriri_
    @goodgalriri_ Місяць тому

    NAZO GREAT JOB my GUY keep it up

  • @Candy909-yi5er
    @Candy909-yi5er 16 днів тому

    I'm writing in 2 hours ❤

  • @rangaiangelmtongerwa1110
    @rangaiangelmtongerwa1110 2 роки тому

    Zimbabwe 🇿🇼.... watching and learning

  • @FlorenceT878
    @FlorenceT878 2 роки тому +1

    This helped so so much . Thank you !

  • @mahmoudalshami1557
    @mahmoudalshami1557 Рік тому

    Wow Great job easy to understand greeting from Yemen

  • @thandolwethukhaba5869
    @thandolwethukhaba5869 2 роки тому +1

    Can you please do a video explaining what affect the creditors ledger and creditors control

  • @aldadimakatso5163
    @aldadimakatso5163 3 роки тому +4

    Pls upload fixed/tangible assets lesson

  • @FaneleMabaso-wj3ki
    @FaneleMabaso-wj3ki 4 місяці тому

    thank you so much , youe vidoes are really helpfull .

  • @TheChannelChannel001
    @TheChannelChannel001 3 місяці тому

    Well explained. 👏

  • @masulelinyunga2085
    @masulelinyunga2085 2 роки тому +1

    your lessons helps but try to be slow sometimes...I really love your tutorials

  • @subhibhashanee8884
    @subhibhashanee8884 2 роки тому +1

    Very well explained!! By the way is creditors reconciliation required when you work with an accounting software like QB, Sage , Xero or whatever ? Thought of asking this because with an accounting software you enter purchase invoices only once and the system will create the creditor with the given supplier details and so both the creditors control account and the individual ledger account receive information from the same source and not likely to have a difference ,, thank you in advance 🙏🏽

  • @urishnaidu194
    @urishnaidu194 4 роки тому +2

    Hi there. Please could you do the partnership accounts as well as the partnership notes?

  • @dark-b3auty.
    @dark-b3auty. Рік тому

    Thank you very much ❤️❤️

  • @Grathie
    @Grathie 3 місяці тому

    Thankyou somuch😅😢🎉

  • @sethephraimtetteh-quaye8508
    @sethephraimtetteh-quaye8508 2 роки тому

    great explanation.

  • @samuelmataboge5480
    @samuelmataboge5480 2 роки тому +1

    Im an.auditor and found that the reconciled items were reconciled in march for building and infrastructure. Going further i found that the same reconciled items for the same account have been reconciled again in april to december. Should it not be reconciled only in march then the following month we open with the previous balance?Is this correct?

  • @vinodKumar-kp8df
    @vinodKumar-kp8df 2 роки тому +1

    Plz upload more practical videos on vendor reconciliation

  • @burneraccount3996
    @burneraccount3996 2 роки тому

    Thank u

  • @SRN-L
    @SRN-L 3 роки тому +1

    is this the same thing as vendor reconciliation?

  • @nkanyisongidi3194
    @nkanyisongidi3194 2 роки тому +1

    wow yho wow

  • @finrstar
    @finrstar 9 місяців тому

    Why was the R6400 not recorded on creditors control😭

  • @NotoMasina
    @NotoMasina Місяць тому

    What grade ?

  • @Bald_Eeagle
    @Bald_Eeagle 4 роки тому

    hello sir, I hope you are well. can you be kind to help me with a question in account about the creditors control?
    I can email you the question.

    • @Counttuts
      @Counttuts  4 роки тому +2

      Good day, due to the volume of requests for help regarding student specific questions, we are not able to address them on this platform. However, you can request a session at reasonable rates with us at info@counttuts.com to address your challenges with the subject.

  • @Prof.Newton
    @Prof.Newton 11 місяців тому

    The wasn't clear

  • @amahlengcobo9444
    @amahlengcobo9444 2 роки тому

    😭🙏🙏🙏

  • @NotoMasina
    @NotoMasina Місяць тому

    What grade ?