1 / 17

How to do bank reconciliation like a pro bookkeeper in Melbourne

We are going to show you how to do bank reconciliation like a pro bookkeeper in Melbourne. It will require a bit of extra work, but the best way to understand this particular task is to start from the very beginning and get it right from the start.

reliablebookkeepingservices
Download Presentation

How to do bank reconciliation like a pro bookkeeper in Melbourne

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to do bank reconciliation like a pro bookkeeper in Melbourne

  2. 1. As the bookkeeper of an accounting firm in Melbourne, we do bank reconciliations on an almost daily basis. How to do bank reconciliation like a pro bookkeeper in Melbourne 2. While this process may seem intimidating at first, as you get more experience with it, you’ll find that it becomes easier and quicker to complete.

  3. 3. So if you’re ready to learn how to do bank reconciliation like a pro, here are our top tips to help you get started!

  4. Why Do Bank Reconciliation? 1. Bank reconciliation is the process of matching the balances in an organization's accounting records for a cash account to the corresponding information on its bank statement.

  5. 2. The purpose of this is to ensure that the organization's books are accurate and up-to-date. 3. This is important because it provides an accurate picture of the organization's financial position and can help prevent fraud.

  6. What happens when you reconcile your accounts? 1. The act of reconciling your accounts is the process of matching your records with your bank's records. 2. This is done to ensure that all transactions are accounted for and that there are no discrepancies.

  7. 3. When you reconcile your accounts, you will first need to gather all of your documentation. 4. This includes your bank statements, checkbook, and any other relevant documents.

  8. 5. Once you have all of your documentation, you will need to match each transaction with a corresponding entry in your records. 6. If there are any discrepancies, you will need to investigate and resolve them. Finally, you will need to update your records to reflect the new information.

  9. What information will be on my bank statement? 1. Your bank statement will include all of your transactions from the past month, including any checks that have been processed, deposits, ATM withdrawals, and debit card purchases.

  10. 2. Your statement will also show any fees that have been charged by the bank, as well as any interest earned on your account. 3. To reconcile your statement, you will need to compare it to your own records of transactions.

  11. 4. This can be done by using your checkbook register, receipts, and credit card statements. 5. If there are any discrepancies, you will need to investigate and correct them. Once everything matches up, you can be confident that your books are in order!

  12. Who should you contact with questions about my financial records? 1. If you're looking for answers about your financial records, there's no need to feel lost or confused. 2. Bank reconciliation is an important part of keeping track of your money, and it's something that every business owner should know how to do.

  13. 3. Bookkeepers in Melbourne can help you make sense of your finances and get your business on track.

  14. Where can you learn more about bookkeeping services Melbourne offers? 1. There are many places where you can learn more about bookkeeping and the services that Melbourne offers.

  15. 2. The Australian Bookkeepers Association is a great place to start. They offer resources, education, and support for bookkeepers in Australia. 3. The International Association of Bookkeepers also offers resources and support for bookkeepers around the world.

  16. 4. In addition, there are many online forums and groups that discuss bookkeeping topics. Finally, your local library probably has some good books on the subject.

  17. Contact us Call us: 1300 049 534 Website: https://reliablebookkeepingservices.com.au Email: enquiry@reliablebookkeepingservices.com.au

More Related