reSee.it - Tweets Saved By @BoucherNicolas

BoucherNicolas
Posted - November 27, 2023 at 4:53 PM
Saved - November 28, 2023 at 3:24 AM
reSee.it AI Summary
Get your hands on the ultimate resource for finance professionals! Subscribe to my newsletter and gain instant access to a FREE 300-page finance guide. Inside, you'll find valuable insights on CFO topics, financial analysis, sales forecasting, budgeting, cash management, accounting best practices, and more. Don't miss out on this amazing opportunity!

@BoucherNicolas - Nicolas Boucher

Today you have an amazing opportunity! FREE FINANCE GUIDE! 300 pages - The Biggest Guide Ever Made on Twitter

@BoucherNicolas - Nicolas Boucher

Inside this comprehensive guide, you'll find valuable insights on: -CFO topics -Financial Analysis -Sales Forecasting -Budgeting -CAPEX -Cash Management -Working Capital Management -Accounting Best Practices -Presentation Tips -Chart Tips -Excel Tips

@BoucherNicolas - Nicolas Boucher

All you have to do is to subscribe to my newsletter! Don't miss out on this ultimate resource for finance professionals!

@BoucherNicolas - Nicolas Boucher

Subscribe today and get instant access to this FREE Finance Guide https://nicolasboucher.ck.page/free-mega-finance-guide

Free Mega Finance Guide Illustration of the cover of the free mega finance guide in different colors. nicolasboucher.ck.page
BoucherNicolas
Posted - November 23, 2023 at 2:46 PM
Saved - November 23, 2023 at 5:50 PM
reSee.it AI Summary
Learn how to analyze financial statements using the vertical analysis method. This approach examines each line item as a percentage of a base figure within the statement. Ratios can also be used to compare statements of different sizes, such as expressing each line as a percentage of sales or total assets. Pros of this method include benchmarking and analyzing relationships between line items. However, it may have limited value if the base figure deviates significantly from expectations.

@BoucherNicolas - Nicolas Boucher

How to Analyse Financial Statements? Learn today the Vertical Analysis method A financial analysis method that looks at each line item as a percentage of a base figure within the statement. Open the thread to start learning the vertical analysis method. https://t.co/CLByrLNDXz

@BoucherNicolas - Nicolas Boucher

Use ratios to compare financial statements of different sizes - like stating each line as a percentage of sales for P&L or as a percentage of total assets for the balance sheet. https://t.co/2FgaNCssUn

@BoucherNicolas - Nicolas Boucher

Another ratio: https://t.co/wCIYI4ZZSc

@BoucherNicolas - Nicolas Boucher

Pros include benchmarking and analyzing relationships between line items. https://t.co/Za8utJzLfY

@BoucherNicolas - Nicolas Boucher

Cons include limited value if the base figure is significantly higher or lower than expected. https://t.co/NwIhGX9Q8C

@BoucherNicolas - Nicolas Boucher

Example https://t.co/zVgR2FvW5q

BoucherNicolas
Posted - October 5, 2023 at 1:46 PM
Saved - October 5, 2023 at 2:25 PM
reSee.it AI Summary
Bank Reconciliation Guide: 1. Gather bank statements and accounting records. 2. Compare them to identify discrepancies. 3. Reconcile deposits, withdrawals, and fees. 4. Adjust accounting records accordingly. 5. Prepare a summary report. 6. Investigate unresolved differences. 7. Finalize reconciliation by updating records.

@BoucherNicolas - Nicolas Boucher

Bank Reconciliation guide Bookmark this if you work in Accounting https://t.co/vf7vnRshVl

@BoucherNicolas - Nicolas Boucher

1/10 Gather Bank Statements: Obtain the bank statements for the relevant period that needs to be reconciled.

@BoucherNicolas - Nicolas Boucher

2/10 Gather Accounting Records: Collect the accounting records for the same period, including cash receipts, cash disbursements, and any other relevant financial transactions.

@BoucherNicolas - Nicolas Boucher

3/10 Compare Bank Statements and Accounting Records: Compare the bank statement with the accounting records to identify any discrepancies or differences between the two.

@BoucherNicolas - Nicolas Boucher

4/10 Reconcile Deposits: Check all deposits listed on the bank statement against the accounting records. If there are any discrepancies, determine the cause and adjust the accounting records accordingly.

@BoucherNicolas - Nicolas Boucher

5/10 Reconcile Withdrawals and Debits: Check all withdrawals and debits listed on the bank statement against the accounting records. If there are any discrepancies, determine the cause and adjust the accounting records accordingly.

@BoucherNicolas - Nicolas Boucher

6/10 Reconcile Bank Fees and Interest: Check any bank fees or interest listed on the bank statement against the accounting records. If there are any discrepancies, determine the cause and adjust the accounting records accordingly.

@BoucherNicolas - Nicolas Boucher

7/10 Adjust Accounting Records: Make any necessary adjustments to the accounting records based on the findings from the bank reconciliation.

@BoucherNicolas - Nicolas Boucher

8/10 Prepare Reconciliation Report: Prepare a reconciliation report that summarizes the findings of the bank reconciliation, including any discrepancies and adjustments made.

@BoucherNicolas - Nicolas Boucher

9/10 Investigate Discrepancies: Investigate any unresolved discrepancies or differences between the bank statement and accounting records.

@BoucherNicolas - Nicolas Boucher

10/10 Finalize the Reconciliation: Once all discrepancies have been resolved, finalize the bank reconciliation by updating the accounting records and filing the reconciliation report for future reference.

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