Bank Reconciliation Process - Start to End | How Top Companies Reconcile their Bank | Corporate Wala

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  • čas přidán 5. 08. 2024
  • #corporatewala #freshersinterviewtips #bankreconciliation #bankreconciliationstatement
    Get the Excel files from : corporatewala.in/product/mast...
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    Important Resources for Interview Preparation:
    📌 R2R (Record to Report) 3 days Video Course - bit.ly/corporatewalar2r
    📌 P2P (Accounts Payable) 3 days Video Course - bit.ly/corporatewalap2p
    📌 O2C (Accounts Receivable) 3 days Video Course - bit.ly/Corporatewalao2c
    📌 Journal Entries Made Simple eBook- bit.ly/JEMSeBook
    📌 Accounts Payable Key Concept eBook - bit.ly/APp2pebook
    📌 Accounts Receivable Key Concept eBook - bit.ly/AReBook
    📌 Accounts Payable Tricky Questions eBook - bit.ly/APTebook
    📌 R2R (Record to Report) 2 days Video Course - bit.ly/449neI3
    📌 P2P (Accounts Payable) 2 days Video Course - bit.ly/47vCTV1
    📌 O2C (Accounts Receivable) 2 days Video Course - bit.ly/3KH3ogw
    In this video I have covered Bank Reconciliation process, what is bank reconciliation process, what are the steps involved in Bank reconciliation process, posted 100 journal entries related to various cash receipts and payments and also showed a practical example of how we reconcile the banks.
    Chapters:
    00:00 Introduction
    01:10 What is Bank Reconciliation Process?
    01:40 Reasons of Difference in Bank Reconciliation
    03:15 Steps involved in bank recon process
    07:10 Cash Receipts and Cash Payment related journals
    41:10 Practical way of doing Bank Reconciliation

Komentáře • 52

  • @birenderrawat4017
    @birenderrawat4017 Před 28 dny +2

    bhai osm video.... just watched it before my interview for McKinsey

  • @thedreamers4892
    @thedreamers4892 Před 5 měsíci +3

    Wow.. thank you so much for this wonderful and fruitful video.

  • @twinklesingh6467
    @twinklesingh6467 Před 4 měsíci +2

    Sir u r doing great job ,It will help us alot to prepare for interviews

    • @CorporateWala
      @CorporateWala  Před 4 měsíci

      I will try my best to keep doing this 😇

  • @ktube-be3ej
    @ktube-be3ej Před 4 měsíci +1

    Thank you soo much a grate video for who wants to know BRS and how to solve month end activity . Its most usefull for us.🎉❤

  • @pavanig8128
    @pavanig8128 Před 5 měsíci +1

    Thank you really waiting to learn BRS.

  • @Chaosinlifehappily
    @Chaosinlifehappily Před měsícem

    Sir I have given my assessment in Accenture for O2C yesterday .Today i check in the link it is written test cleared profile review not cleared .What does it means

  • @KanhaKanhaiya._.108
    @KanhaKanhaiya._.108 Před 5 měsíci +5

    Can you make a series of P2P process which contain detailed(long video like this bank reconciliation)explanation of all skills, activities involve in P2P?

    • @CorporateWala
      @CorporateWala  Před 5 měsíci +2

      I already have few videos and will try to come up with more in future. Stay connected 😀 check out my p2p complete video series

  • @varshakashid348
    @varshakashid348 Před 3 měsíci +1

    Hello sir I am a daily viewer of your videos nowadays....I have got a chance to work in MNC in reconciliation but I am confused about whether this profile is valuable or not.... should I go for it or not

  • @thallamsneha8721
    @thallamsneha8721 Před 4 měsíci

    Is balance sheet reconciliations and bank reconciliations similar?

  • @thesecretcolors
    @thesecretcolors Před 3 měsíci

    How to drag the table with formula in Excel Sir..I'm using this worksheet

  • @vinaysharma3249
    @vinaysharma3249 Před 5 měsíci +2

    Hi sir... This video was informative... Jusy a request cud you plz upload videos on fixed asset accounting with theory nd practical part

    • @CorporateWala
      @CorporateWala  Před 5 měsíci +1

      Hi Vinay, glad to hear this, check my R2R playlist you will find Fixed assets video there, I will try to come up with more detailed videos in future.

  • @UCanLearn15
    @UCanLearn15 Před 5 měsíci +1

    It will help lot to us for preparing BRS, Please make Other Balance sheet reconciliation lesson. Thanks You So Much

  • @thallamsneha8721
    @thallamsneha8721 Před 4 měsíci

    Can you please post job updates related to RTR or any finance accounting domain I’ve 1.5yrs of experience in R2R Gl accounting

  • @thesecretcolors
    @thesecretcolors Před 3 měsíci

    How to expand this journal entry table with formula please let me know sir

  • @rohithkumar37
    @rohithkumar37 Před 2 měsíci

    Hi sir can you please make a series of balance sheet reconciliation pls..

  • @omeshedupula6652
    @omeshedupula6652 Před 2 měsíci

    Bro can you make a video on blackline application please, we want to know how to process reconciliations step by step in that application.

  • @Sirirajula
    @Sirirajula Před měsícem +1

    Good explanation but some what feeling sleep while seeing try to explanation same thing in different ways

    • @CorporateWala
      @CorporateWala  Před měsícem

      Thanks for your feedback will try to improve, i am open for ideas if you have anything in mind feel free to share

  • @KanhaKanhaiya._.108
    @KanhaKanhaiya._.108 Před 5 měsíci +2

    I am working in Accounts payable team from last 1 year. What should I do to grow my career fastly?

    • @CorporateWala
      @CorporateWala  Před 5 měsíci

      start with building excellent command in your domain skills and also work on commination skills, these should be your starting point

    • @vinayak9448
      @vinayak9448 Před 5 měsíci

      Is there any vacancy in your team for accounts Payable role? I’m trying to switch my career from customer service to accounts Payable. But it’s getting hard to do it now.

    • @KanhaKanhaiya._.108
      @KanhaKanhaiya._.108 Před 5 měsíci

      @@vinayak9448 Accenture is hiring for P2P new associate you can apply, but i joined accenture through third party adecco, it becomes more easy to crack interview now I am permanent in 11-12 months in accenture

  • @thedreamers4892
    @thedreamers4892 Před 5 měsíci +1

    I watched RTR full playlist but still confused in - " what is Month end closing process" pls answer

    • @PoojaNIKHADE
      @PoojaNIKHADE Před 5 měsíci +1

      In month end closing process we check all entries updated or not and also check month end jE like depreciation accrual prepaid and deffered revenue je as well as also check all bank account reconciliation after we start to prepare profit and loss and balance sheet account

    • @thedreamers4892
      @thedreamers4892 Před 5 měsíci +2

      @@PoojaNIKHADE thank you so much

  • @Shineskin1601
    @Shineskin1601 Před 5 měsíci +1

    Hy i m also in Genpact now I am looking for good opportunity in other company can u give referral

    • @CorporateWala
      @CorporateWala  Před 5 měsíci

      Hi stay connected will share if come across any opportunity

  • @kanchankulkarni5999
    @kanchankulkarni5999 Před 4 měsíci +1

    Sir this excell sheet is not visible clearly its difficult to understand the excell formulas and both of excell step

  • @music11222
    @music11222 Před 5 měsíci +1

    Hindi me bhi bnao sir video.

  • @askfinance2852
    @askfinance2852 Před 3 měsíci +1

    how to we clear the open items in bank reconciliation and balance sheet reconciliation?\

    • @CorporateWala
      @CorporateWala  Před 3 měsíci

      Will try to make a detailed video on this in coming days

    • @rohithkumar37
      @rohithkumar37 Před 2 měsíci

      ​@@CorporateWalapls make a video on this..

  • @anushabhide8399
    @anushabhide8399 Před 2 měsíci +1

    Sir please make videos for freshers 🙏🙏

  • @knowledgeofjujutsu1877
    @knowledgeofjujutsu1877 Před 3 měsíci +1

    Could you please cover Vendor reconciliation..

  • @piyushsharma7117
    @piyushsharma7117 Před 5 měsíci +1

    Sir km sea km Excel file tho free kr dete itna tho video sea hi earn kr Lena bht hai

    • @CorporateWala
      @CorporateWala  Před 5 měsíci +4

      Pura course free kar diya hain, excel file k charges bhi nominal rakhe hain so anyone can get it. Videos se nahi hoti itni earnings and making these courses takes alot of time and efforts, hope you understand.

  • @user-fe9ij3mi1i
    @user-fe9ij3mi1i Před 5 měsíci

    IN REALTIME NO ONE WILL DO MANUALLY

    • @CorporateWala
      @CorporateWala  Před 5 měsíci

      Reconciling on excel is still followed through

  • @manishkumarsrivastava6542
    @manishkumarsrivastava6542 Před 5 měsíci +2

    Make it for R2R

    • @CorporateWala
      @CorporateWala  Před 5 měsíci

      Bank recon is part of R2R process, R2R interview batch is already available on my website corporatewala.in

    • @rkpanil123
      @rkpanil123 Před 5 měsíci

      Any one get job in rtr ..any bsc students