Bank reconciliation — is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to… … Wikipedia
bank reconciliation — A periodic *internal control procedure to identify differences between *bank statements and corresponding bank *balances stated in *general ledger *accounts. Errors and timing differences may arise between the accounting of transactions by a bank … Auditor's dictionary
bank reconciliation — /bæŋk ˌrekənsɪli eɪʃ(ə)n/ noun the act of making sure that the bank statements agree with the company’s ledgers … Dictionary of banking and finance
bank reconciliation statement — A statement that reconciles the bank balance in the books of an organization with the bank statement. Differences may be due to cheques drawn by the organization but not yet presented to the bank, bank charges deducted from the account not yet… … Accounting dictionary
Bank Reconciliation Statement — A form that allows individuals to compare their personal bank account records to the bank s records of the individual s account balance in order to uncover any possible discrepancies. Since there are timing differences between when data is… … Investment dictionary
bank reconciliation statement — A statement that reconciles the bank balance in the books of an organization with the bank statement Differences may be due to cheques drawn by the organization but not yet presented to the bank, bank charges deducted from the account not yet… … Big dictionary of business and management
reconciliation — UK US /ˌrekənˌsɪliˈeɪʃən/ noun [C or U] ► ACCOUNTING the process of comparing different financial accounts, amounts, etc. in order to check that they add up to the same total or to explain any differences between them: »We haven t done a… … Financial and business terms
Reconciliation — may refer to:* Reconciliation (Josefina de Vasconcellos), a sculpture by Josefina de Vasconcellos * Bank reconciliation * Reconciliation bill * Reconciliation process * Reconciliation (Accounting) * Confession, or Reconciliation, a Christian… … Wikipedia
reconciliation statement — ➔ statement * * * reconciliation statement UK US noun [C] (also reconciliation) ► ACCOUNTING a document that compares different financial accounts, amounts, etc. in order to check that they add up to the same total or to explain any differences… … Financial and business terms
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
