reconcile synonym accounting

Most accounting software packages have a bank reconciliation … What is another word for reconcile to? Accountants perform account reconciliation with the following steps: Balance Sheet Account Reconciliation - A balance sheet account reconciliation is the comparison of an account’s general ledger balance to a sub ledger balance, bank or other third-party statement, or additional documentation that appropriately supports the account’s balance. 4 ‘the creditors had to reconcile themselves to drastic losses of income and capital’ SYNONYMS accept , come to accept, resign oneself to, come to terms with, learn to live with, get used to, make the best of, submit to, accommodate oneself to, adjust oneself to, become accustomed to, acclimatize oneself to Reconciliations are Reconciliations help automate the financial close process. Reconciliation is an accounting process that compares two sets of records to check that figures are correct, and can be used for personal or business reconciliations. When you reconcile an account, you are proving that the transactions that sum to the ending account balance for the account are correct. Examples of Reconciling an Account When a company reconciles its bank statement , it is reconciling the balance in its general ledger account Cash (or Cash: Checking Account) with the bank's information. Reconciliation is an accounting term that refers to keeping financial or other records in balance, in agreement, and accurate. See more. Reconciliation in Accounting is the process of ensuring account balances are correct between two accounts at the end of an accounting period. The reconciliation method is often used in maintaining business records to ensure that the amount of money going out matches what is recorded as spent. Reconciliation in Accounting. Reconcile definition, to cause (a person) to accept or be resigned to something not desired: He was reconciled to his fate. reconcile | definition: bring into consonance or accord | synonyms: key, adjust, harmonize, harmonise, set, correct| antonyms: derestrict, deny, enable, lose, discontinue This is done by making sure the balances match at the end of a particular accounting period. In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.Reconciliation is used to ensure that the money leaving an account matches the actual money spent. One of those sets of records is usually a financial account statement, the other is typically your company's accounting spreadsheet. Your bank account is probably the most active, meaning it’ll take the longest to reconcile. Bank reconciliations are the most common type of reconciliation. Reconciling an account is likely to mean proving or documenting that an account balance is correct. Synonyms for Bank Reconciliation (other words and phrases for Bank Reconciliation). Another way to say Bank Reconciliation? In accounting, reconcile means to compare two sets of documents to make sure they are in agreement.

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