Bank Reconciliation Statement Explained | FULL EXAMPLE
36:36
YouTubeCounttuts
Bank Reconciliation Statement Explained | FULL EXAMPLE
In this accounting lesson, we go through the Bank Reconciliation Statement. We explain what the Bank Reconciliation is, why we do it, the reasons for the differences between the Bank Statement and the Bank account in the business' books, and what to do with outstanding cheques and outstanding cheques from last month's bank reconciliation ...
875.4K viewsOct 21, 2019
Bank Reconciliation Tutorial
This is why I tell people: stop treating banks like friends. If you owe a bank or credit union money and you’re still using their checking account, they can legally take your deposits and apply them to charged-off debt — especially credit unions like Navy Federal. This happens more often than people realize, usually at the worst possible time. Protect your money by moving your deposits, separating accounts, and getting a strategy before you learn the hard way. #crediteducation #banking101 #navyf
2:34
This is why I tell people: stop treating banks like friends. If you owe a bank or credit union money and you’re still using their checking account, they can legally take your deposits and apply them to charged-off debt — especially credit unions like Navy Federal. This happens more often than people realize, usually at the worst possible time. Protect your money by moving your deposits, separating accounts, and getting a strategy before you learn the hard way. #crediteducation #banking101 #navyf
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