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[Udemy] Personal Finance #3–Financial Services & Bank Reconciliation

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Deal Score0
100% OFF Get Course

What you’ll learn

  • apply cash administration methods
  • apply tax administration methods
  • Clarify the distinction between marginal tax charge and common tax charge and use the right charge when planning
  • Describe the distinction between tax deductions and tax credit and use this info when doing tax planning
  • Checklist the completely different tax submitting statuses and their impression on the tax calculation
  • Clarify the completely different tax preparation choices and the professionals and cons associated to them
  • Checklist frequent monetary companies wanted by people
  • Checklist monetary establishments and the companies they supply
  • Describe what a financial institution reconciliation is
  • Full a private financial institution reconciliation


  • None


This course will concentrate on the significance of performing the financial institution reconciliation course of and full a financial institution reconciliation.

We’ll embody many instance issues, each within the format of shows and Excel worksheet issues. The Excel worksheet shows will embody a downloadable Excel workbook with at the least two tabs, one with the reply, the second with a preformatted worksheet that may be accomplished in a step-by-step course of together with the educational movies.

Money administration is a essential element to monetary planning and taxes are a cloth a part of money administration.

Learners will perceive primary cash administration methods and tax planning methods. We’ll talk about the distinction between a marginal tax charge and a median tax charge and use the suitable tax charge when making monetary plans

The course may also cowl the variations between a tax deduction and a tax credit score, an vital distinction when doing tax planning.

Learners will know the completely different tax preparation choices and perceive which choices could also be greatest underneath completely different monetary circumstances.

We may also be capable to checklist and clarify completely different monetary companies and the monetary establishments that present them, permitting us to make good choices about which monetary companies to make use of and which monetary establishments to work with.

The course will talk about the significance of reconciling the checking account, the financial institution reconciliation course of being an enormous inner management over money.

The aim of the financial institution reconciliation isn’t just to verify our ending money stability is appropriate, but additionally to examine that we’ve recorded the exercise accurately.

Money is the lifeblood of a enterprise and of our monetary actions. When considering by way of the double entry accounting system, money will impression each monetary cycle, that means it should impression our income era, our purchases, and our bills, whether or not private our enterprise.

Due to this fact, the surer we’re in regards to the correctness of our money transactions the surer we’re in regards to the correctness of our income, purchases, and bills.

The financial institution reconciliation course of will match our bookkeeping associated to money to the banks bookkeeping associated to money, giving us an exterior verification that the exercise recorded is appropriate.

Who this course is for:

  • Anyone who need to enhance their private monetary planning
  • College students

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