Overview   

This webinar, titled "Effective Bank Reconciliation Techniques," focuses on essential strategies and tools for ensuring the accuracy and integrity of financial records. Led by Russel Shinyawani-Ngobeni, a Business Accountant in Practice and General Tax Practitioner, the session covers critical aspects of bank reconciliation, from identifying common issues to utilizing automated reconciliation tools. The course aims to equip participants with the knowledge and skills to effectively manage and reconcile bank accounts, detect discrepancies, and maintain transparent and accurate financial records.   

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understanding the importance of bank reconciliation in financial management. 

• Identifying common causes of discrepancies in bank statements and financial records. 

• Implementing effective procedures and guidelines for accurate bank reconciliation. 

• Utilising automated tools to streamline the reconciliation process and improve accuracy. 

• Enhancing fraud detection and improving overall financial compliance.   

Content 

The webinar will cover the following topics:  

• Introduction to Bank Reconciliation 

• The significance of accurate financial records 

• Overview of the reconciliation process 

• Importance of timely reconciliation 

• Common Issues in Bank Reconciliation 

• Unrecorded transactions and timing differences 

• Errors in recording transactions and bank errors 

• Fraudulent transactions and uncleared checks 

• Steps in the Bank Reconciliation Process 

• Acquiring bank statements and preparing business records 

• Comparing line items and adjusting balances 

• Final check and documentation 

• Effective Bank Reconciliation Guidelines 

• Best practices for recording transactions 

• Monthly reconciliation and standardizing workflows 

• The role of automation in reconciliation 

• Automated Bank Reconciliation Tools 

• Key features of automated systems 

• Advantages of automation in bank reconciliation 

• Examples and case studies of successful implementation   

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Russel Ngobeni 

Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology. 

In 2014 Russel founded Shinyawani Group of Companies (Pty) Ltd.  In 2016, the Free State province recognised him as one of the best 12 Young Entrepreneurs in the province during the 2016 Macufe Trade Bridge. He also won first runner up for the 2016 Young Entrepreneur of the Year Award at the Free State Youth Chamber of Commerce and Industries Awards. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Trainee accountants. 

Price              

• R 265.00 - Online admission - Individual.  

  • Group Price 1 - From R109 per person (up to 5 users)  

  • Group Price 2 - From R71 per person (up to 10 users)  

  • Group Price 3 - From R64 per person (over 11 users)  

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.  

Contact us    

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]