How To Do A Bank Reconciliation (EASY WAY)

[@AccountingStuff]

The bank reconciliation can be a real headache if it get's left alone for too long... and most of us probably don't do it regularly enough. How often do you do you reconcile the Bank Statement?

[@kevinguzman4874]

I do it everyday on where I work at, accessing the bank everyday and reconciling on our reports. Thanks for your vids James. Really helpful!

[@AccountingStuff]

@@kevinguzman4874 Hey Kevin, sorry for my late reply. Yeah I used to work for a big construction company where we had to do it every day as well. Got to keep on top of this stuff!

[@adjoaaj7593]

at work we just post stright off of the bank statement......

[@shevinglasgow305]

Thank you for this. I start my bank Rec. from tomorrow.

[@thepi399]

Nearly every day.. we have it in our syllabus :(

[@tbedre5548]

This guy must of knew they were people who can’t afford the proper education and would eventually find his content on KZbin. Thank you 🙏🏾 Your changing lives

[@hayleyresearching3036]

Tbe Dre I’m in classes and still need this b/c the classes aren’t even any good. If you don’t need the cert, this is a much better option just to learn it to do it.

[@tbedre5548]

Hayley Researching i agree

[@sarys73]

He also knew that sharing info on KZbin could be a pay check.

[@lalamalelang5670]

Right not all afford to study. So they watch a lot of videos to learn in this kind of learning in Utube lessons. Just like me. Thak Nks for sharing his video who wants to learn also. It could a big help for me and to others.

[@chessskits1208]

bro, i'm an accounting major and I still listen to his videos lol. This is better than a "proper education".

[@ashleyramroop9678]

When he's better than your normal Accounting professor....😬

[@AccountingStuff]

Thanks!

[@ashleyramroop9678]

@@AccountingStuff I just want to say ....your amazing keep up your good work....being a 16 year old student and doing accounting in the Caribbean it's been really tough....you help me during this time of Covid-19 when I was stranded and exams is coming closer.......Thankq for all the videos and explaining things so thoroughly....so much better than my Accounting teacher......

[@AccountingStuff]

@@ashleyramroop9678 No worries, I'm happy to help. Hope you're keeping safe & well!

[@evelynalice7690]

Go shop with @Darkfeet7 on telegram he is the best he has been helping me with card for about three months,

[@nickazrael]

Anybody watching this night before test?

[@AccountingStuff]

Good luck in your test!

[@nickazrael]

@@AccountingStuff thankx

[@fnstation]

Yep lol

[@AccountingStuff]

@@fnstation Good luck!

[@sachr539]

Me. Test in 7 hours.

[@tineshaw3762]

I graduated 5 years ago and this always confused me. You explained it in 17 minutes and it makes perfect sense.

[@AccountingStuff]

Glad it's made sense!

[@angiecasquete7314]

RIGHT ! i think I got it once I started actually doing the work real time.

[@PS-sr2mg]

I cannot tell you just how grateful I am for this tutorial! I've got an accounting test on Thursday and I was extremely confused with the notes given to us, so this was a real life saver! Thank you!

[@AccountingStuff]

Best of luck in your test! Hope you smash it!!

[@mandisigladile2017]

I am watching this tutorial from South Africa preparing for an exam I'm having in about 10 hours time from now on. This is extremely helpful. It has helped given a framework of the procedural approach to Bank reconciliation. Thanks buddy!

[@AccountingStuff]

Hope the exam went well!!

[@jordanruiz3305]

I'm in grade 11 and preparing for 1 on Monday. I'm struggling with the correcting of errors in the journals and making the recon balance

[@RexyFan]

Mandisi Gladile how did your exam go ??

[@nivrrtakr2891]

CONGRATS

[@kabelobrian4540]

Same as me😅😅😅😅

[@gracea1601]

so much helpful than my professors. My god, spend so much when we have youtube university

[@AccountingStuff]

Thanks :)

[@cicinie4750]

that's true~ LOL

[@mr_niceman]

That’s me LOL

[@kseniyazekina7464]

before interview !

[@urvifood6105]

I am so amazed at how incredible your videos are. The aesthetic of the videos are absolutely amazing. The aesthetic really reflects a clean and easy tone which adds to your simplified style of teaching. Your channel is absolutely incredible. Like the time stamps on your description, smooth and clean layout, the step by step explanation, and clear voice like this is qualityyyy. Thank you so much for your videos I absolutely love them.

[@AccountingStuff]

Thanks for your kind words, I'm happy to hear that you're enjoying the channel!

[@davidhunter5836]

I'm due to sit my financial accounting exam next tuesday, and this is the most clear and easy to understand explanation of how to do Bank Rec's that I've ever found. Thanks very much

[@AccountingStuff]

Thanks David, great to hear that you found the video helpful. Best of luck with your financial accounting exam. Hope you crush it!

[@Bigmoneycwu]

KZbin should have a tip jar. You're single-handledly getting me through accounting brother! Thank you for everything you do.

[@SquidShield]

They do now!

[@ksenijagorodniuk9871]

Love it! Finally KZbin has videos that are REALLY HELPFUL and EASY to understand. No headache after watching :)..haha. Thank you for putting time and effort into your videos. They are amazing ^-^

[@AccountingStuff]

Hey Ksenia, thanks for the kind words!!

[@anthonyramjattan4902]

As someone who graduated with Finance and landed a role in accounting, this daunting task of bank rec's became so much more clearer thanks to you!! Keep it up, subscribed!

[@Leinad304]

You still working in accounting?

[@jasonr634]

I just started my first accounting job recently and I’ve been doing fine with everything except for the bank reconciliations. It’s my biggest weakness right now. My company has a ton of checks, eft, and wire transfer activity, and I’ve been getting migraines trying to reconcile my accounts on time monthly. I feel more confident when i come into work next week after watching your video tutorial. Thank you for making this! I hope to be as good as you.

[@AccountingStuff]

Hey Jason, sorry to hear that you've been having a rough time with this. Bank recs can easily get out of control, but if you follow the steps and be methodical about them then you should be fine. All the best!

[@271skippy]

Honestly, James, I would get nowhere in class without you! Thanks a bunch, man!

[@AccountingStuff]

No worries, best of luck with your studies!

[@At.home.in.the.catacombs]

You just explained and demonstrated in 17 minutes what my professor couldn't in 2 hours!! Your videos have helped me so so much this semester and I wouldn't be passing without them!

[@AccountingStuff]

Glad I could help!

[@barbarapalmer1595]

My kids started a Civil Works Construction Company in March 2020. Three days later covid19 restrictions hit and they couldn't afford a bookkeeper so at 63years old I took on that role. We survived first 2 years where Tax Returns were sensational. That's because they basically used their own capital and the Government support Jobkeeper packages to survive. Things have really picked up now and cash is increasingly flowing in and out all the time so I needed to understand how to create the Cashbook and Reconciliation Statements... it's been a nightmare. Your video has changed that for me. Thanks James, your tutorial is so easy (and fun???) to follow. I'm sure I'll nail this now. I'm going to go through the rest of your videos to learn how to streamline all our account-keeping books more effectively and accurately. Thanks so much you're amazing. Who said an old dog can't learn new tricks. Lol🤓🤣

[@iamazalea9888]

Watching this to refresh my mind since it's almost two years since I last take my accounting class and now I have accounting class (again, grrr). This is so helpful!! Very easy to find and not boring. Thanks a lot!! 💓💓

[@AccountingStuff]

Great to hear it's making sense. All the best with your studies :)

[@HEINLINNHTET-k7p]

OMGG Thank youu, I didn't understand a single thing my lecturer taught and you saved me. You are my life saver

[@AccountingStuff]

Great to hear it's clicking for you :)

[@myworldofbranchyz8895]

Finally a fun way to learn accounting. I had to kind of train myself on the bank rec. We transitioned from QB (automatic rec) to SAP where we have to use the old friend Excel. No one spent enough time to explain it so well! Thank you!

[@AccountingStuff]

No worries, I hope the steps help you get your work done quickly

[@mawaisonline]

I was always doing it on Excel. Do you mind telling me why your company moved from QB to SAP?

[@myworldofbranchyz8895]

@@mawaisonline Well, our company became too big for QuickBooks. It works great for smaller companies. I know it is not the best system, but I enjoyed working on QB.SAP it not that intuitive

[@nyamnyam4807]

man i am so glad i stumbled upon your channel. i'll be starting my internship next month and the company mentioned that they would probably let me do bank recon, among others. i became so anxious cause i remembered how i sucked at this so bad back when i was a first year student then i discovered this video and you explained it so so well. i was also having trouble picturing my future in the accounting field, doubting myself here and there, but i scrolled through your other videos and somehow i felt a sense of peace if you may and a feeling of wanting to do my absolute best. anyway this channel is a blessing and i hope you know that you help your viewers in more ways than one. thank you so much once again james! best believe i'll be binge watching your videos for the next few days 😅

[@AccountingStuff]

You've got this!! Best of luck with it all. I hope it's a valuable experience for you

[@mohsinbaig2195]

James 15 minutes video = Sir 1.5 hours lecture. So, James's video >>> Sir's lecture. Thanks for this amazing content.

[@jonathanlim6882]

I used to think I was dumb cause I found bank recs challenging at first and everybody said they were easy. It definitely makes a huge difference when you're able to understand why there are certain discrepancies and when those are explained properly. Thank you so much...I am going to subscribe lol.

[@AccountingStuff]

Great to have you on board!

[@michaelsabatino8763]

I’m hoping to break out into accounting someday I’m going through the fundamentals and you have been such an inspiration and a help dude. Thank you so much for all of your hard work and time you have put into these videos

[@AccountingStuff]

That's great to hear Michael! Thanks :)

[@THY403]

i missed one lesson in school and thank god i googled bank recon and found yr channel, u earned a new sub hehehehe :> edit: BRING ON THE 7 STEPS *ad*

[@AccountingStuff]

Great to hear that you enjoyed the vid, and cheers for the sub!

[@WhimsyWendy]

I have only done two bank recs so far and I will have to do this task on a monthly basis. I finished the second one just tonight and it took me two horrible days trying to figure out the discrepancy. We spell cheques as checks here in the U.S. but this video was very helpful and on point. Thank you for helping me gain a better understanding.

[@AccountingStuff]

No problem! Bank recs can be a pain. Got to stay on top of them. Best of luck!

[@nkosanam1583]

All my life, I've hated accounting. But hey, i just found this page, and I'm here to stay. Seems like I'll be loving it here!

[@cassie_6540]

I'm an accounting major and bank reconciliation has always been a weak area for me and something I try to avoid as much as possible but I know I'll have to face it cause I did on an internship so I'm taking the time to relearn it since I have time because of quarantine. So here I am attempting to challenge and overcome this weak area. Your video has been super helpful with understanding it better and it doesn't hurt that your smile keeps me concentrated a little 😂😂😂

[@AccountingStuff]

Thanks Cassie, I'm glad to hear that you're using using your social isolation time productively. Please stay safe

[@WeiqinZhang-v6e]

My nephew recommend your video to me as I am learning accounting, it's helpful, thank you for create these educated video to public.

[@justjimmyy820]

I think I just passed my exam thanks to you 😁😁

[@AccountingStuff]

That's fantastic news! Well done :)

[@ogeemediaoriginalinnovativ6318]

@@AccountingStuff Just discovered your page after going back to school to start a second degree! Love it

[@brianalphonsusapayor8873]

Thank you for helping us learn for FREE. You deserve every revenue from ads in all your tutorial videos.

[@AccountingStuff]

No worries, thanks for your kind words!

[@khairaramdwar8]

Someone else also watching this video the morning of the test?

[@fatemeakef3664]

I'm so happy to find you. you are the best teacher that I've found on youtube.

[@sweetnspicyayisha]

Thank you! You are much easier to understand than my university professors!

[@AccountingStuff]

Thanks, that's kind of you to say!

[@nivrrtakr2891]

true AHAHHAHA

[@stephanieandrews6211]

True!

[@sassouusasoo3607]

You are a great teacher !

[@AccountingStuff]

Thank you! 😃

[@yuliataylor6884]

I'm studying accounting online, and it's a paaain! Thank you for this video, really helps understand the concept better.

[@ngcwelekazijbooi]

I'm also studying it online. Best of luck with your accounting journey!🎓🏆

[@yuliataylor6884]

@@ngcwelekazijbooi thank you! Wishing you all the best as well!

[@ngcwelekazijbooi]

@@yuliataylor6884 Thank you!

[@AccountingStuff]

All the best with your studies!

[@ngcwelekazijbooi]

@@AccountingStuff Thank you!

[@epicwolf]

This guy makes accounting stuff fun to watch and listen to. He is hilarious and as a boring and stressful job it is working in accounting, he makes it easy to understand and fun.

[@AccountingStuff]

Thanks for your kind words!

[@l3v3ls_bbx47]

Ahh I really just want to say well done. If someone asks me what is the definition of a well thought out, planned, organised and executed youtube video, I would definitely refer them to your channel. I can really see the effort you put in to making each and every word you speak is well formed and articulated, the way you explain things are very well set out and easy to understand, and you even went through the effort of dividing your video into different parts. Really, well done! Keep up the good work!

[@AccountingStuff]

Thanks, I'm happy you enjoyed the video! Cheers for your kind words :)

[@l3v3ls_bbx47]

@@AccountingStuff anytime 💯

[@ChicTiff]

I hope you see this comment but you helped me pass my accounting class. So thankful!

[@lirmeaney6255]

Fair Play man you really put alot of effort in your videos and the clarity in which you explain each step is amazing.

[@AccountingStuff]

Cheers Lir!!

[@adambecker2177]

Currently Studying for the CPA and this really helped me figure this out!! Thanks

[@AccountingStuff]

That's great to hear! All the best with your CPA :)

[@peach882]

This really helped me a lot with my exam just yesterday. I hope you could deal more with intermediate accounting stuff. Pleeeaaaase ;(( Thank you!

[@AccountingStuff]

Great, hope it went well! Haha, yes I'd like to get into some more technical stuff soon.

[@Brigitte-f4z]

The best I've ever seen teaching this. Keep up the excellent work!

[@AccountingStuff]

Thanks, will do!

[@jsoh2675]

I've learned more from you than I have with my professor my entire semester. You are the goat

[@AccountingStuff]

Great to hear you're finding these useful!

[@revelinohaseb5947]

I just learned this a day before my exam I'm writing tomorrow, thanks for the tutorial from Namibia

[@AccountingStuff]

Good luck, hope it goes well!

[@preezy700]

Just when you think all hope is lost, this guy has a video for you. Thanks for everything!!!

[@AccountingStuff]

No problem!

[@infinitepaintingcleaning8289]

Thank you so much! I'm studying accounting in Canada, this is really helpful! I can learn more on KZbin than in school now! lol...

[@AccountingStuff]

I find that I do most of my learning on KZbin these days. Good luck with your studies!

[@DestinyBahena-v5e]

I'm currently doing a medical billing and coding class. I was super confused and lost bout bank reconciliations. This video was perfect and I have a way better understanding! Thank you!

[@AccountingStuff]

All the best with your studies!

[@brandonduet7771]

Now I can do my project for school!!! Thank you. This was well explained and clear.

[@AccountingStuff]

Nice one, good luck with your project

[@maureenkerfoot1463]

Really helpful, I needed the Accounting part at the end, pretty much what I expected. Appreciate the walk through.

[@AccountingStuff]

No worries, hope it's making sense :)

[@aliimran8821]

James, you are an absolute life saver. Your videos are amazing, everything from your explanation to the aesthetic of the video is perfect. 👌 Keep up the good work 👍

[@AccountingStuff]

Thanks for your kind words!

[@jacksonhan528]

Thank you so much. I didn't know anything about bank rec and you just helped me millions times!

[@tessd6283]

Wow thank you so much. You helped me understand this!!

[@AccountingStuff]

No worries, glad to hear that you've got the hang of it!

[@loveea101]

Hi!! This was the first video I saw from your channel and I LOVED IT! Funny, to the point, and with examples!! YEEESSS!! Already subscribed 👍🏽 Will go right to your channel if I have any accounting questions! 😁😁

[@AccountingStuff]

Thanks and cheers for the sub! Glad you found it useful :)

[@MichelleChiwowa-tu6yj]

I've never understood a topic so fast omg thank you❤

[@AccountingStuff]

Great to hear it's making sense!

[@edwintovar3862]

"bring on those steps!" *Video pauses and goes to an ad.

[@angelinadonotcare2787]

i thought it happened only to me...

[@Icethacoldest]

Thought that was quiet funny

[@JoseOrtega-rz1gr]

honestly im so glad there's comments about that. so that's one of the few ads I was happy to sit through cause i respect the effort

[@bippitybotanybeau]

@@JoseOrtega-rz1gr same! he's very clever.

[@misi309]

That happened to me too 😄

[@yuandalton8785]

Love the presentation about bank reconciliation. The best available on KZbin.

[@AccountingStuff]

Thanks, glad you enjoyed it!

[@clementgavi7290]

The basic thing you need to understand is your bank account in the book of the bank, in other words the bank statement you receive from your bank is said to be 'credit account', that is to say, it increases to credit and decreases to debit, and your bank account in your own book is called a debit account, in other words, it increases at debit and decreases at credit. Therefore, you compare the column credit in the bank statement from the bank with the column debit in your own book. Don't panic, just look at the figures carefully, you will detect where the problem, if there is one.

[@abdullah77944]

studied this topic today and didn't understand a thing but youuu made everything seem so easy ....tysm for this

[@AccountingStuff]

Great to hear it's clicking for you!

[@dihandeepu1320]

Dude can you please make videos about control account reconciliation ? And control account correct postings ?

[@AccountingStuff]

Hey Dihan, thanks for the suggestions!

[@maymnamohammed5897]

Hi I have a class work tomorrow and you are better than my teacher keep the good work :)

[@braydenshampton]

Why am I paying thousands to go to school if they just tell me to watch free youtube videos

[@brittanyfay1878]

I have 2 classes this semester and one (accounting obviously) teacher tells us to watch various you tube videos. My econ techer actually does PowerPoints and lectures. All online.😅

[@Buddychum420menacing-rr9kx]

My college accounting teacher makes us watch an accounting stuff video every other day.

[@gregorymacdonald4620]

Dude..... Thank you. You are the reason I will pass my accounting module

[@AccountingStuff]

You've got this!

[@JohnUzojr]

I like his accent

[@RoseVentus]

Thanks for this! This is a refresher for me since I forgot how to do bank reconciliations.

[@AccountingStuff]

No problem Rosie, it's always helpful to return to the basics for a refresher :)

[@peculiarprincess7365]

1:06 - who knew he had a twin brother (lol)

[@user-kim_kimshe]

Omg this helps so much im watching this because I have an F in pre algebra and now I understand it perfectly !! 😭😭

[@ngun6592]

My professor explained 4 and a half hour but I learned nothing. But now I understand Bank Reconciliation. Thank you so much.

[@AccountingStuff]

Great to hear it's making sense! All the best :)

[@asutosbaral6811]

dude you have a gift for teaching.

[@AccountingStuff]

Thanks, much appreciated :)

[@nchiacissy732]

Hello!! Thank you so much... your videos actually helped me secured an accounting job in one of the biggest logistics companies in the world.

[@diekololaoluwaeyitayo5496]

this helped so much i have accounting test tommorow morning

[@kaylahowl]

This helped SO MUCH with my auditing class!! Thank you so much!

[@Hackerman-bd9hq]

This is the best video for understanding this right away. Business math sure is a bummer in the summer

[@AccountingStuff]

Thanks mate!

[@anhkhoa91280]

Amazing content. True geniouses make complicated things simple

[@pigsy97]

I have a feeling this channel is going to help me get through my accounting diploma program!

[@olujohnson1754]

Its 2022 but i find this super super useful, Keep up the great work.

[@tranquil5608]

Great job man. I rarely comment on videos. But the simplicity at which you explained this was astounding. I only wish I found your explanation 3 years earlier. Great job man.

[@AccountingStuff]

Thanks, I appreciate it!

[@AwesomeKhmer]

Believe it or not but I watched your video this morning to freshen up for an interview. Going in, they gave me a quiz and guess what is on the quiz…a bank rec. Thank you for posting!

[@madinabonuturdalieva8299]

Thank you very much for making these bank recs easy to understand))

[@nefwaenre]

i took 2 years of an accounting diploma, and couldn't for the life of me, understand BRS. You taught me that in 17 mins?! Instant sub, my dude. And a Potterhead for sure :') ♥

[@AccountingStuff]

Great to hear it's making sense :)

[@nefwaenre]

@@AccountingStuff Oh absolutely! You're a very good teacher!

[@bushraa4827]

thank you for these useful videos you can't imagine how much you helped me

[@bringdabass1]

Very good. This was the easiest explanation of Bank Rec that I've see. Keep up the good work.

[@debrastreeter6166]

Best ever I learned more in 3 minutes than thr semester!😂

[@AccountingStuff]

Great to hear it's making sense :)

[@kanikamaheshwari9732]

I don't think there could be any other channel on this planet than you!! As they say you need to be the best in your profession to get there, and trust me you are the epitome of the best out there in terms of explaining in the simplest possible way. I think even non-accounting or finance background people can learn it via your channel. I just regret paying school fees to crappy teachers who made things complicated...... Thanks a ton :)

[@amystevenson4255]

Thank you! The way you have presented this makes so much sense. The process was always a bit foggy for me but now I get it

[@PUSH_PULL_sc]

Thank you for producing this video. It was easily to follow and understand step by step. A clear template.

[@mirodil]

you made my evening where i was struggling with reconciliation

[@gazza2232]

Thank you so much! Helping a lot for preparing for an upcoming exam

[@AccountingStuff]

No worries, good luck in your exam!

[@sandeepallu5858]

Dude .. you made it sooo simple to understand.. well done mate.. cheers

[@AccountingStuff]

No worries, glad to hear that it's making sense for you!

[@elliottaffin6184]

I have to say, your videos are honestly more helpful than my college courses... Keep up the good work

[@angelamacapayag7259]

You’re helping me so much with accounting!! You’ve just earned a new subscriber!!❤

[@midnalight6419]

This video taught me significantly more concisely than my professor did. Thank you.

[@ceciliawaikwaini9573]

You are a wonderful teacher, you most definitely earned yourself a new follower

[@er4918]

thank you so much! im starting from scratch for accounting mocks tomorrow, you helped me so much

[@avirajbhandari1762]

Appretiate the exhaustive explanation! Great video!

[@LauraDevereaux]

This video is so helpful, much better than the way our text book explains accounting steps. Thank you!!

[@rozetYT]

Thank you so much, this was very well explained and very helpful. Keep it up!

[@AccountingStuff]

No problem, glad you enjoyed it!

[@namhlamgqibelo6494]

Accounting has never been this easier. great stuff bro

[@AccountingStuff]

Cheers Namhla!

[@sleepingcat.]

you saved my education i love you

[@avax6674]

All my questions that weren’t solved in my uni, got solved after I watched your video, thank you James!

[@avax6674]

wow thank you for liking my comment, can’t wait to check out all your videos. Btw, how could be so handsome and intelligent, I think I’m in love with you 🤭😍 And I love accounting now because of you. ❤️