Course description
The bank reconciliation is a process which identifies the difference between the bank balance shown in a firm’s bank statements and the corresponding amount shown in the firm’s own accounting records at a specific point in time. The document used to record this process is referred to as a bank reconciliation statement/report or the ‘three-way bank reconciliation statement’ when reconciling client bank accounts and money.
The SRA Accounts Rules require firms to complete a client bank reconciliation for all client bank accounts operated by that firm at least every five weeks.
Presented by leading trainer Darren Whelan, this webinar will explain the key issues to look out for in order to demonstrate compliance.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The bank reconciliation is a process which identifies the difference between the bank balance shown in a firm’s bank statements and the corresponding amount shown in the firm’s own accounting records at a specific point in time. The document used to record this process is referred to as a bank reconciliation statement/report or the ‘three-way bank reconciliation statement’ when reconciling client bank accounts and money.
The SRA Accounts Rules require firms to complete a client bank reconciliation for all client bank accounts operated by that firm at least every five weeks.
This webinar will explain the key issues to look out for in order to demonstrate compliance.
What You Will Learn
This webinar will cover the following:
- The purpose
- Office/business account reconciliation
- Client account reconciliation
- Designated accounts
- Clients own accounts
- Multi-currency
- Unreconciled items
- Things to look out for
- Format and layout
- Supporting documentation
- Manual reconciliations
- Computerised reconciliations - manual and auto
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...