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.

What Do You Add and Subtract in Bank Reconciliation?

Today, you’ll learn what do you add and subtract in bank reconciliation. Upon completing my accounting degree, I believed I had a solid grasp of bank reconciliation. Eager to put my knowledge into practice, I applied for a position at a small bank. Surprisingly, the assessment focused solely on bank reconciliation. It marked my first …

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Post Dated Check in Bank Reconciliation: Guide

In this post, you’ll learn post dated check in bank reconciliation. As you’re working on your monthly bank reconciliation, you come across postdated checks. First, let’s break down what postdated checks are. They’re checks given to payees with future dates, meaning they can’t be cashed until that date arrives. Now, when dealing with postdated checks …

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Terms Used in Bank Reconciliation Statement: Guide

Want to know the terms used in bank reconciliation statement? Read on. To effectively perform bank reconciliation, it’s crucial to familiarize yourself with the terminology associated with the bank reconciliation statement. Similar to mastering any skill, acquiring the relevant vocabulary is key to success. Words hold significant power, much like a finely honed sword that …

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Timing Difference in Bank Reconciliation(5 Examples)

Today, you’ll learn the timing difference in bank reconciliation. Bank reconciliation is a crucial process for aligning our company’s financial records with those of the bank, addressing any disparities that arise due to timing differences. Timing differences, in the context of bank reconciliation, refer to instances where transactions recorded by the company are yet to …

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Treating Bank Errors in Bank Reconciliation Statement

Today, you’ll learn how to treat bank errors in bank reconciliation statement. It’s worth noting that even bank employees, just like anyone else, can make mistakes. It’s a part of being human, and that’s why we’re here to address and rectify any errors that may occur during the recording of client transactions. These mistakes can …

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5 Key Features of Bank Reconciliation Report

Today, you’ll learn the key features of bank reconciliation report. Ever wondered about the essential elements of a bank reconciliation report? Let’s dive into why it matters and the key features that make it crucial. Ensuring that a bank reconciliation report accompanies every bank account within a company or organization is of utmost importance. The …

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5 Examples of Bank Errors in Bank Reconciliation

Ready to learn examples of bank errors in bank reconciliation? Read on. Did you know that banks can make errors when recording transactions in your account? It’s true, and that’s one of the reasons we go through the process of bank reconciliation – to catch these mistakes. In this article, we’ll delve into specific examples …

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