- account reconciliation
- 1) A procedure for confirming that the balance in a chequebook matches the corresponding bank statement This is normally done by preparing a bank reconciliation statement2) A procedure for confirming the reliability of a company's accounting records by regularly comparing balances of transactions. An account reconciliation may be prepared on a daily, monthly, or annual basis.
Big dictionary of business and management. 2014.
Look at other dictionaries:
account reconciliation — 1) A procedure for confirming that the balance in a chequebook matches the corresponding bank statement. This is normally done by preparing a bank reconciliation statement 2) A procedure for confirming the reliability of a company s accounting… … Accounting dictionary
account reconciliation — The reviewing and adjusting of the balance in a personal checkbook to match your bank statement. Bloomberg Financial Dictionary … Financial and business terms
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reconciliation — See: account reconciliation, bank reconciliation statement … Accounting dictionary
reconciliation — See account reconciliation; bank reconciliation statement … Big dictionary of business and management
account recs — See account reconciliation services … Financial and business terms
Account aggregation — is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. This may include a database or may… … Wikipedia
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Reconciliation (accounting) — In accounting, reconciliation refers to a process that compares two sets of records (usually the balances of two accounts) to make sure they are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual… … Wikipedia