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.
General Ledger (T Accounts) | Explained with Examples | Accounting Basics: • General Ledger (T Acco...
How to easily Remember DEBITS and CREDITS | Simple Tip: • How to easily Remember...
Accounting Equation Explained | Accounting For Beginners: • Accounting Equation Ba...
Join our live sessions: counttuts.com/...
We also offer one-on-one tutorials at reasonable rates.
Connect with us:
Email: [e-mail]
Our Website: Counttuts.com
Our Facebook Page: / counttuts
Support our efforts: paypal.me/counttuts

[@CarolinaDiaz-ip7jw]

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

[@thandekamceleni8238]

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

[@AmendaKenken-d4d]

​@@thandekamceleni8238😂

[@ritohlungwana8809]

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]

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

[@kristyrowan558]

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

[@fredymaila]

The guy is really good.
You may also check a detailed Bank Reconciliation example after some explanations here.
m.ua-cam.com/video/egGPXLirLdY/v-deo.html

[@angokgarang6164]

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

[@infodisputes2354]

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]

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

[@KwaBab.omncane]

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

[@nerajromesh1504]

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.

[@earningexperts365]

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

[@nihilisticemoidiot5813]

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]

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.👇 ua-cam.com/video/-5y-1qvEcm8/v-deo.html

[@boitumelomakgopela212]

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.

[@nathalievanheteren5235]

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👏👏👏

[@SongwiqiBella]

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]

Glad to hear that. Thanks for the feedback :)

[@MoonLight-fs6gl]

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

[@Counttuts]

Thank you for the kind feedback. Appreciated :)

[@ntokozomokwane1329]

The only accounting lesson I watched without napping

[@FoodWithVibe.]

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

[@nontobekoxulu2185]

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

[@danielsalumu2654]

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

[@MadinahCanti]

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

[@noobstation5912]

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

[@ksprincess2345]

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.👇 ua-cam.com/video/-5y-1qvEcm8/v-deo.html

[@joshoaaquinoterrado105]

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

[@tholoanalephallo4908]

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

[@BuhlebzNetwork]

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

[@paulamanga2441]

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

[@nunapeachy]

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!!!

[@lucious_Madisha]

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

[@danielfaylosi2661]

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

[@hehehehehehe6071]

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

[@GKZ798ZN]

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

[@londiwenthabisengmthombeni6007]

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

[@senzingubane8485]

Great explanation im glad i saw this before my acc exam

[@ottiliamoyo6152]

🤓🤓🤓🤓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

[@motumishenggodlive7565]

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

[@Giftofthegifted]

Thank you 🙏 you have just made BRS easy for me. big ups to you👊

[@langanontshatsha9375]

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

[@ravynbrown6451]

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

[@NAMUGANGABONITAH-d1l]

Wow! I love the explanation. It's so easy to understand

[@guxixi17]

I just had to subscribe after watching 1 of your videos , coz whaaat. Now I understand the BR statement❤. Atleast there will be light in 2morrow's paper❤.

[@ZiziphoVelem]

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

[@ongeziweaphelele2827]

you just simplified the brs so well.....im writting my exam tomorrow and i was so worried i would fail because i dont know the brs but right now i cant wait to do it myself.......thank you so much

[@mafheedelcratiamoila1002]

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

[@NicoleDitebogo-dy9cs]

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

[@dennisbett3540]

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!

[@janemamothibedimakgolane4266]

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

[@juliamgengwana9056]

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

[@mukovheneswiswi2972]

thoroghly enjoed this lesson . very helful

[@kachinfya7092]

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

[@YongJohnAkol]

Great lecturer God bless you for feeding us

[@YongJohnAkol]

I alway feel so staunch when watching this professional lecturer

[@GeminiJune0608]

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

[@uniteyourself4154]

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

[@hillarywekesa2717]

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

[@cynthiamzolisa5940]

Thank you so much Sir, really appreciate.🙏

[@nosiphombeyiya5945]

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

[@thabsilenosiphomanqele8763]

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

[@bridgetnyawo6414]

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

[@accountingforbeginners9210]

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

[@vee.kubayi]

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

[@kwanelentandomabaso9793]

Thank so much. You're a life saver❤️

[@DakaloMakuhana]

beautifully done, thank you so much for the video

[@Counttuts]

Hello Dakalo, Thank you for the kind feedback :)

[@CalystusMikapa]

Well explained God bless you so much

[@merriamkganyago7218]

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

[@christianac.h.george548]

Thanks for the teaching I really got to understand more

[@gomolemo5724]

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

[@SIYA_JAZZMAN]

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

[@denisehopkins4885]

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.

[@shanzellesing5440]

Thank you!

[@mongezinkandi6544]

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

[@Counttuts]

Thank you Mongezi.

[@morristom100]

Z

[@J.dawn_]

Thank you bro🤞🏽really helped

[@iam_kxylee]

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

[@MalekutuMohale-bj2rc]

Perfectly explained.

[@Mnbbhjkkjj]

Thank you very much..so simple and clear

[@janewaithaka6247]

Waooh,very educative sessions,its agood refresha course

[@khazauddinliton6791]

You are the best lecture ❤

[@naledimoshweu6105]

This is so detailed ♥️.

[@faithnjenga9442]

Very helpful...thanks much

[@limomahaye3014]

Wow...Thank you so much. Accounting "Bank Recon" cannot be simpler than this. This was clear and understandable. By the way I'm in Grade 11

[@btmtv6856]

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

[@Counttuts]

All the best

[@NicoleneApril-f2r]

Thank u very much wud u please explain imprest system so thoroughly

[@gabrielaissa750]

Once again thank you ❤️❤️

[@generalrimsy2892]

Fantastic delivery. Thank you.

[@calebwhitebooi8788]

Sir you are truly goated 🐐❤

[@avanthikanaidoo1393]

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

[@vetondisakaihiva720]

thank man you are better than my teacher

[@azilefirst9866]

I watched a boring advert just to pay you😂😂....Thank you a lot man, now I'm ready for the test.🕺🕺

[@nontobekoxulu2185]

Lol honestly I also watched the ads because wow the effort in this video 👏🏾

[@briansilah9605]

Have really understood this. Thanks and be blessed

[@mohiwoschneider698]

Thanks and God bless you

[@senamileshozi4634]

Best explanation ever❤❤

[@ikanyengsithole5582]

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

[@amizeroniyonzimamariepierr2198]

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

[@gailmabunda1014]

You are doing a great work thanks

[@getrudemoyo9418]

Thank you ,that was helpful

[@johnmahwai369]

Wow this is really understanding

[@fransshaku5919]

Thanks 👍

[@EltonEbenezer]

thanks very helpful

[@dylanolivier3731]

helped me immensely

[@shanzellesing5440]

Fantastic explanation!!🎉

[@jamesmwesigye758]

Beautifully done, thanks.

[@temanijere963]

This was perfectly explained ..Thank you

[@priscilladube426]

Excellent tutor

[@hannahmitchell6302]

Lifesaver 🙏🙏🙏thank u

[@Cathy_Noukwa]

Can u please do one with EFT since cheques are no longer used🙏