Bank and Credit Card Reconciliation

A bank reconciliation is a very important procedure for any company in Canada. The process is to match the balance of a cash/bank account in the GL to the ending balance on a bank statement. Reconciling a bank or a credit card account ensures the company books are not missing any bills, charges or sales, and all transactions are accurate and complete.  

Upon completion of this course, you will be able to

• Post basic transactions
• Reconcile bank accounts in home currency and USD
• Reconcile credit card accounts in home currency and USD
• Manage reconciling items

What’s Included 

1. Step-by-step training videos with subtitles
2. Chequing bank statements for 2 months in Canadian currency (with posting instructions)
3. US dollar bank statements for 1 month (with posting instructions)
4. A sample cheque and a deposit book (corresponding to bank deposits)
5. Credit card statements in CAD for 2 months (with posting instructions)
6. Credit card statement in USD for 1 month (with posting instructions)
7. Summarized credit card transactions for 2 months (with posting instructions)
8. A link to download QuickBooks software (30-day free trial)
9. A QuickBooks data file for a sample company (which is used for the training)

The Accountant – Senior program includes this course.