Author name: Jason John Wethe

Jason John Wethe, the visionary founder of Bank Recon Club and a seasoned Accountant with a wealth of experience dating back to 2004. Armed with a Bachelor's Degree in Accountancy, Jason has consistently demonstrated his expertise in financial management and reconciliation. Throughout his career, Jason has not only excelled as an Accountant but has also spearheaded various impactful projects, contributing significantly to the financial landscape. As a forward-thinking entrepreneur, Jason established Bank Recon Club to share his knowledge in the field of accounting. His dedication to driving financial success and innovation continues to shape the industry, making him a respected figure among peers and colleagues.

16 Bank Reconciliation Item Lists

Today, you’ll learn about bank reconciliation item lists. Here are the lists of bank reconciliation items: Unadjusted Balances The highlighted amount is the unadjusted balance of the bank reconciliation statement. It represents the bank and book balances before any reconciliation takes place. Deposits in Transit Deposits in transit are cash sent to the bank but …

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5 Bank Reconciliation Journal Entries

Today, you’ll learn bank reconciliation journal entries. When discrepancies arise between the company’s accounting records and the bank statement, it is essential to make appropriate bank reconciliation journal entries. What is bank reconciliation? Before we dive into the journal entries click here to learn more about bank reconciliation. Continuing, here are the journal entries with …

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9 Types of Transactions a Bank Reconciliation Looks At

Want to learn the types of transactions a bank reconciliation looks at? Read on. In this article, we will explore the different types of transactions that you need to examine during a bank reconciliation. By understanding these transaction types, you will grasp the significance of this crucial financial procedure and ensure the accuracy of your …

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5 Bank Reconciliation Rules

Ready to learn the bank reconciliation rules? Read on. When you’re working on a bank reconciliation statement, there are specific rules you should take to ensure accuracy. Failure to adhere to these rules may result in an unbalanced statement or a decrease in efficiency. Especially for beginners, the process of bank reconciliation can seem challenging. …

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3 Reasons a Bank Reconciliation Affects a Balance Sheet

Today, you’ll learn, does a bank reconciliation affects a balance sheet. When you, as a business owner or accountant, perform a bank reconciliation, you directly impact the accuracy and reliability of your balance sheet. The balance sheet, one of the essential financial statements, is a snapshot of your company’s financial position at a specific point …

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Bank Reconciliation Automation in Microsoft Excel

Want automated bank reconciliation in Excel? Read on. With over a decade of experience as an accountant, I’ve honed various techniques to enhance the efficiency of bank reconciliation through Excel automation. Allow me to share my insights. Forget about investing in additional bank reconciliation software; MS Excel has all the capabilities you need for seamless …

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