Learn how to put together a bank reconciliation using Excel from a Certified Public Accountant (CPA)
Why take this course?
Course Title: Excel Accounting 5 β Bank Reconciliations for Month 1 & 2 π¦π°
Headline: Master the Art of Bank Reconciliations in Excel with a Certified Public Accountant (CPA) π
Course Description:
Are you ready to delve into the intricacies of bank reconciliations using the powerful tool of Excel? Excel Accounting 5 is here to guide you through every step of this critical accounting process. Led by Robert (Bob) Steele, a seasoned Certified Public Accountant (CPA), this course is designed to provide you with hands-on experience in creating bank reconciliations for the first and second months of financial data entry.
What You’ll Learn:
- Understanding Bank Reconcililation (π): This process is not just about double-checking your cash balance; it’s a vital internal control that ensures the integrity of your entire accounting system. We’ll explore its significance in maintaining the accuracy of your financial records, including revenues, expenses, and payroll.
- Excel Mastery for Bank Reconciliation (π): With access to downloadable Excel workbooks, you’ll have step-by-step guidance. Each workbook includes at least two tabs: a completed reconciliation and a template for you to follow along and practice.
- Real-World Application (πΌ): We’ll use actual financial data and a sample bank statement to perform the bank reconciliation, ensuring you understand how this process applies in a practical business context.
- Software Insights (π₯οΈ): Discover how accounting software like QuickBooks handles bank reconciliations, providing valuable insights that will enhance your proficiency with these tools.
- Troubleshooting Common Issues (π€): Learn about the typical challenges encountered when performing your first bank reconciliation and how to address them effectively.
Course Highlights:
- Expert Instruction: Gain insights from a CPA with over 40 years of experience in accounting, auditing, finance, and taxation.
- Step-by-Step Exercises: Follow along with comprehensive exercises designed to reinforce your learning at each step.
- Real Data Application: Apply your skills using real financial data and a sample bank statement.
- Downloadable Resources: Utilize our downloadable Excel workbooks for a seamless learning experience.
- Comprehensive Coverage: From the basics of bank reconciliation to advanced tips, we cover it all.
Embark on your journey to becoming an accounting pro with Excel Accounting 5 β Bank Reconciliations for Month 1 & 2. Enroll now and take the first step towards mastering one of the most essential accounting tools in Excel! π
Enroll today and transform your financial reporting capabilities with the power of Excel and the expertise of a certified professional. Let’s get started on securing the accuracy of your business finances! ππͺ
- Master the fundamental process of bank reconciliation, a cornerstone of accurate financial record-keeping.
- Gain hands-on experience creating and managing bank reconciliations within the familiar interface of Microsoft Excel.
- Develop a systematic approach to identifying and resolving discrepancies between your company’s books and the bank statement for Month 1.
- Apply the same meticulous reconciliation techniques to the bank statement for Month 2, solidifying your understanding and skills.
- Learn how to effectively utilize Excel formulas and functions to automate reconciliation tasks and improve efficiency.
- Understand the importance of identifying common reconciling items such as outstanding checks, deposits in transit, bank service charges, and NSF (Non-Sufficient Funds) checks.
- Develop the ability to trace transactions and pinpoint errors, ensuring the integrity of your accounting data.
- Acquire practical skills that are directly applicable to real-world accounting roles, enhancing your professional employability.
- Benefit from the insights and practical experience of a Certified Public Accountant (CPA), ensuring high-quality instruction.
- Build confidence in your ability to perform accurate and timely bank reconciliations, a critical task for any business.
- Understand how bank reconciliations contribute to the overall financial health and audit readiness of an organization.
- Explore best practices for organizing and documenting your reconciliation process for future reference and audit purposes.
- Discover how to leverage Excel’s charting capabilities to visualize reconciliation trends and identify potential issues over time.
- This course provides a practical, step-by-step approach to a vital accounting function.
- Ideal for individuals new to accounting or those seeking to refresh their Excel-based reconciliation skills.
- PROS:
- Provides practical, job-ready skills in a widely used software.
- Taught by a qualified CPA, ensuring expert guidance.
- Focuses on a fundamental and frequently performed accounting task.
- CONS:
- May be too basic for experienced accountants already proficient in bank reconciliations.