Creditors Reconciliation | Creditors Control & Creditors Ledger | Explained with Example

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  • Опубликовано: 5 окт 2024
  • In this accounting lesson, we explain what the creditors reconciliation is and why it is done. We also explain how to identify errors that affect the creditors control account and the creditors ledger account, errors that affect the creditors control account only, and errors that affect the creditors ledger only. We go through an example of completing a debtors reconciliation with the completion of the Creditors Control Account and reconciling it to the Creditors list.
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Комментарии • 48

  • @saarahamod8472
    @saarahamod8472 4 года назад +123

    i am an accounting tutor and i have been using your videos as a quick recap of the content before i tutor on the subject, and your videos have been extremely helpful!! Thank you.

  • @sphemnyaka4233
    @sphemnyaka4233 3 года назад +27

    Thank you so much. I’m writing an exam tomorrow and this was so helpful

  • @KgothatsoComfort-j6e
    @KgothatsoComfort-j6e Месяц назад +3

    where have you been all my life? YOU ARE THE BEST!!!!!

  • @Crime_Detective101
    @Crime_Detective101 4 месяца назад +4

    You are a champion! Super helpful stuff i wish you were my lecturer… have my exam on Monday feeling more confident after watching this

  • @bukonkombisa2512
    @bukonkombisa2512 2 года назад +17

    I'm writing ems tomorrow and for the first time, I don't feel like I'm going to fail
    Thank you so much 🥺

  • @thamierenkie195
    @thamierenkie195 2 года назад +17

    I really like the way to explain. Your so good at what you do. You dont just talk without explaining. You talk and explain at the same time. Be blessed sir thank you somuch your videos are somuch helpful

  • @KatlegoPetrus-z9g
    @KatlegoPetrus-z9g 5 месяцев назад +2

    Thank you so much . I know kinda get it but I'll come back to this specific video when I have forgotten something ❤😊

  • @mirindaafework2419
    @mirindaafework2419 3 года назад +5

    I m an accountant too and yes you made it easier for recap ty

  • @khanyavinjwa9249
    @khanyavinjwa9249 4 года назад +9

    Thank you so much you've made this section easy

  • @saarahamod8472
    @saarahamod8472 4 года назад +24

    would it be possible for you to leave a link or the pdf of the notes you use in your videos .

  • @Lyran_SA
    @Lyran_SA 7 месяцев назад +1

    Thank you for your help, I will be passing accounting because of you❤

  • @aishahbusiswashelembe6916
    @aishahbusiswashelembe6916 27 дней назад

    thank you so much watching your video really made me understand my work even better😄

  • @Zack-qg8oq
    @Zack-qg8oq Год назад +3

    Damn fr watching all the recon videos cause I'm writing it tomorrow 😭😭

  • @originallifestylemusiq5552
    @originallifestylemusiq5552 10 месяцев назад +13

    Here 2 hours before i enter the exam room🤝

  • @akeshjaggernath8409
    @akeshjaggernath8409 3 года назад +1

    I just watched 2 of ur videos and it helps, writing accounting in a few days time😂

  • @SinenhlanhlaKhamba
    @SinenhlanhlaKhamba 26 дней назад

    super helpful thank you so much to this channel

  • @aldadimakatso5163
    @aldadimakatso5163 3 года назад +4

    Pls upload fixed/tangible assets lesson

  • @thandolwethukhaba5869
    @thandolwethukhaba5869 2 года назад +1

    Can you please do a video explaining what affect the creditors ledger and creditors control

  • @FlorenceT878
    @FlorenceT878 2 года назад +1

    This helped so so much . Thank you !

  • @rangaiangelmtongerwa1110
    @rangaiangelmtongerwa1110 2 года назад

    Zimbabwe 🇿🇼.... watching and learning

  • @mahmoudalshami1557
    @mahmoudalshami1557 Год назад

    Wow Great job easy to understand greeting from Yemen

  • @FaneleMabaso-wj3ki
    @FaneleMabaso-wj3ki 5 месяцев назад

    thank you so much , youe vidoes are really helpfull .

  • @urishnaidu194
    @urishnaidu194 4 года назад +2

    Hi there. Please could you do the partnership accounts as well as the partnership notes?

  • @masulelinyunga2085
    @masulelinyunga2085 3 года назад +1

    your lessons helps but try to be slow sometimes...I really love your tutorials

  • @subhibhashanee8884
    @subhibhashanee8884 2 года назад +1

    Very well explained!! By the way is creditors reconciliation required when you work with an accounting software like QB, Sage , Xero or whatever ? Thought of asking this because with an accounting software you enter purchase invoices only once and the system will create the creditor with the given supplier details and so both the creditors control account and the individual ledger account receive information from the same source and not likely to have a difference ,, thank you in advance 🙏🏽

  • @goodgalriri_
    @goodgalriri_ 2 месяца назад

    NAZO GREAT JOB my GUY keep it up

  • @dark-b3auty.
    @dark-b3auty. Год назад

    Thank you very much ❤️❤️

  • @TheChannelChannel001
    @TheChannelChannel001 4 месяца назад

    Well explained. 👏

  • @sethephraimtetteh-quaye8508
    @sethephraimtetteh-quaye8508 2 года назад

    great explanation.

  • @vinodKumar-kp8df
    @vinodKumar-kp8df 2 года назад +1

    Plz upload more practical videos on vendor reconciliation

  • @Grathie
    @Grathie 4 месяца назад

    Thankyou somuch😅😢🎉

  • @SRN-L
    @SRN-L 3 года назад +1

    is this the same thing as vendor reconciliation?

  • @Candy909-yi5er
    @Candy909-yi5er Месяц назад

    I'm writing in 2 hours ❤

  • @samuelmataboge5480
    @samuelmataboge5480 2 года назад +1

    Im an.auditor and found that the reconciled items were reconciled in march for building and infrastructure. Going further i found that the same reconciled items for the same account have been reconciled again in april to december. Should it not be reconciled only in march then the following month we open with the previous balance?Is this correct?

  • @burneraccount3996
    @burneraccount3996 2 года назад

    Thank u

  • @finrstar
    @finrstar 10 месяцев назад

    Why was the R6400 not recorded on creditors control😭

  • @NotoMasina
    @NotoMasina 2 месяца назад

    What grade ?

  • @Bald_Eeagle
    @Bald_Eeagle 4 года назад

    hello sir, I hope you are well. can you be kind to help me with a question in account about the creditors control?
    I can email you the question.

    • @Counttuts
      @Counttuts  4 года назад +2

      Good day, due to the volume of requests for help regarding student specific questions, we are not able to address them on this platform. However, you can request a session at reasonable rates with us at info@counttuts.com to address your challenges with the subject.

  • @nkanyisongidi3194
    @nkanyisongidi3194 2 года назад +1

    wow yho wow

  • @Prof.Newton
    @Prof.Newton Год назад

    The wasn't clear

  • @amahlengcobo9444
    @amahlengcobo9444 2 года назад

    😭🙏🙏🙏

  • @NotoMasina
    @NotoMasina 2 месяца назад

    What grade ?