CSBM 1120 Bank Reconciliation for Small Business

Description

Bank Reconciliation for Small Business covers the application of computerized bank account/General Ledger reconciliation. The student will be able to prove bank account cash balances using the selected software package.

Management Credits

2

Prerequisite

Student is a business owner, employee or entrepreneur or by special permission of the instructor.

Topics to be Covered

1. Reconcile the business bank account to the general ledger

Learning Outcomes

1. Develop procedures for monthly bank reconciliations

2. Categorize business transactions on the general ledger software program

3. Perform the computerized bank reconciliation to prove the cash balance

4. Research any errors found during the reconciliation process

5. Prepare necessary correcting entries to balance cash