the process of verifying the charges shown on a statement or invoice.
the reestablishing of cordial relations
getting two things to correspond; "the reconciliation of his checkbook and the bank statement"
a list of the elements making up the ending balance of an account
In identity management, the process of synchronizing the accounts and supporting data on the central data repository with the accounts and supporting data on the managed resource.
When you make the balance in your checkbook match the balance on your bank statement, you have made a reconciliation.
Comparing transaction activity or account statements from multiple banks or service providers involved with transaction processing align transaction activity. The reason for reconciliation is to confirm that no transaction activity is unaccounted for by anyone in the transaction loop.
Accounting term used to describe the process of agreeing one set of financial records with another (or with their source documents).
see Bank Reconciliation annexed.
An accounting function that ensures the firm's record of cash and stock movements agrees with its statement of balance and holdings.
The process of agreeing accounting entries from one source, with entries from another source. The most common reconciliation is a bank reconciliation, which matches transactions posted against a bank account with the statement received from the bank.
The process by which you match up the balance in your account with the balance shown on the bank statement.
comparing your checkbook register with the bank statement each month
the process of getting records to agree. For example, getting an individual department's record of expenditures to agree with that of the business office. In an integrated administrative information system, there is less need for reconciliation. The individual department uses the same data as the business office for building its reports.
One of four critical policy activities. A variety of comparing or reconciling functions performed by the cashier, manager/supervisor or the Accounting Office to ensure that transactions are properly documented and approved, and assurance that appropriate individuals were involved.
The process of checking that one set of records agrees with another set of records. This allows you to be sure that information is complete and accurate. The Bank Reconciliation is a particularly important control.
Bringing into agreement or checking the accuracy of calculations eg checking the bank statement against the cheque book record or cash book to verify that the balance is correct and to bring it up-to-date
The process of ensuring that amounts withheld, deposited, paid, and reported by employers agree with each other and that if they do not, determining the reasons and making the necessary corrections.
The process between Acquirer and Issuer confirming that the technical transaction data actually matches the debited and credited and funds.
The method by which a merchant compares the business undertaken at his electronic data capture terminal with that recorded by the acquirer and credited to his bank account.
Usually, the process of checking payment orders issued by a government agency against actual payments according to bank statements; (reconciliation can also apply to other stages of the expenditure process, such as commitments made and payment orders issued).
The determination of the items necessary to bring the balance of two or more related accounts or statements into agreement.
A determination of the items necessary to bring the balances of two or more related accounts or statements into agreement. (Kinda like you and your SO.)
The process of comparing transaction activity or account statements from multiple financial organizations or service providers involved with transaction processing to reconcile, or align, transaction or account activity. The purpose of reconciliation is to confirm that no transaction activity is being unaccounted for by any one party.
When you "reconcile" or "balance" your checking account, you are using your monthly statement to determine the exact amount you have available in your account. It's important to do this each month to prevent overdrafts (and any resulting fees). Each DCU statement includes instructions on how to reconcile your checking account.
When an account holder has verified that a checkbook balance is the same as the financial institution's balance for the account.
1. Getting two things to correspond. For example, making sure your chequebook agrees with the bank's records. 2. Reestablishing cordial relations.
Checking all bank account papers to make sure that the bank's records and your records agree.
The process by which the Back Office is used to adjudicate conflicts in transaction data (e.g. the difference between an Automatic/Automated Vehicle Classification (AVC)-determined vehicle class and the customerâ€(tm)s pre-programmed tag class) and establish the toll amount to be deducted from the customerâ€(tm)s account.