Reconcile Accounts: Bank Statements

This course is part of Accounts Payable & Receivable Operations Specialization

Instructor: Hurix Digital

Access provided by ExxonMobil

2 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

1 hour to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

1 hour to complete

Flexible schedule

Learn at your own pace

What you'll learn

Bank reconciliation is a vital control that detects errors, prevents fraud, and ensures accurate cash data for decisions.
Timing differences between company books and bank statements are expected and require consistent identification and documentation.
Effective reconciliation combines manual verification skills with automated software tools to achieve both accuracy and efficiency.
Regular monthly reconciliation practices prevent small discrepancies from becoming major financial problems that impact business operations.

Skills you'll gain

Details to know

Shareable certificate

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Assessments

3 assignments

Taught in English

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This course is part of the Accounts Payable & Receivable Operations Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 2 modules in this course

Bank reconciliation errors cost businesses an average of 5% of their gross revenue annually through fraud and financial misstatements. This Short Course was created to help accounting professionals accomplish accurate cash management and fraud prevention through systematic reconciliation procedures.

By completing this course, you'll be able to identify the most common discrepancies between company cash records and bank statements, apply step-by-step reconciliation procedures in QuickBooks, and prepare professional reconciliation reports that ensure cash balances are accurately stated for decision-making. By the end of this course, you will be able to: Identify typical reconciling items for bank reconciliation. Apply bank reconciliation procedures to align general ledger records with bank statements. This course is unique because it combines foundational reconciliation knowledge with hands-on QuickBooks practice, preparing you to handle real-world reconciliation scenarios from day one. To be successful in this course, you should have a background in basic accounting principles and familiarity with general ledger concepts.

Learners will understand the nature and types of timing differences between company cash records and bank statements, developing the foundational knowledge needed for accurate reconciliation procedures.

What's included

3 videos1 reading1 assignment

3 videos Total 14 minutes

Bank Reconciliation Accuracy Matters for Your Career 2 minutes
Categorizing Reconciling Items: Book vs Bank Adjustments 5 minutes
Common Reconciling Items in Professional Practice 6 minutes

1 reading Total 10 minutes

Understanding Reconciling Items: Types and Characteristics 10 minutes

1 assignment Total 5 minutes

Reconciling Items Knowledge Check 5 minutes

Learners will perform systematic bank reconciliation procedures using QuickBooks to achieve accurate cash balance alignment and prepare professional reconciliation reports for management review.