reconciliation

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Account Reconciliation

The process of ensuring that one's personal records of transactions on a bank account matches the bank statement one receives each month or quarter. That is, each time one writes a check, uses a debit card, or otherwise makes a withdrawal from or deposit into a bank account, one keeps a record of the transaction. Account reconciliation involves making sure that these records match the bank's of the same transactions. Account reconciliation helps avoid, or at least remedy, such problems as identity theft and bank errors.

reconciliation

In appraisal, the process of considering values calculated from the various appraisal methods and weighting the strength to be given to each approach in order to arrive at a final value for the property.

References in periodicals archive ?
The Minister participated in an annual meeting for members of the central committee and sub-committees of popular reconciliations who underlined the importance of coordination and cooperation among reconciliation committees and those concerned in the settlement processes which solve the cases of those who were misled to have them back to society and provide them with work and education.
He added that the reconciliation in Yalda is a step toward moving forward in achieving reconciliations in the Southern countryside of Damascus as well.
a leading global Information Technology, Consulting and Business Process Services company and London Stock Exchange Group (LSEG) have entered into a strategic partnership to provide a hosted, end-to-end reconciliation solution using LSEG s UnaVista platform for the financial services industry.
In addition to the TLM Reconciliations Premium solution, SEI will also deploy the new SmartStream TLM SmartRecs solution that will operate with TLM Reconciliations Premium, providing new reconciliations data, supporting the utility model.
Your reconciliations should be in the form of a clear, concise report that leads the reader/reviewer through the process of how the account balance is determined and what was done to substantiate the balance.
Account Reconciliation offers: a Reconciliation Scoping Manager that focuses on high-risk accounts; an Unlocated Difference Console that presents an aggregate view of unlocated variances; a G/L Tie-Out manager that alerts finance to late-adjusting entries and automatically reprocesses impacted reconciliations; and a Reconciliation & Variance Analysis Console that automate reconciliation, integrates compliance testing, highlights problems and cuts costs.
Reconciliations are completed within the application, and at period end, "with just the press of a button" the results are certified.
Some companies will not be able to accomplish the necessary reconciliations in time to use them as a preventative control.
On July 7, 2004, Treasury and the IRS released the final version of Schedule M-3, Net Income (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More, for reporting annual book-to-tax reconciliations for tax years ending on or after Dec.
Yes, national and regional reconciliations are possible provided we today accept to trust those men who apologized to us and to forgive them.
World's eighth largest bank deploys SmartStream's TLM Reconciliations across its operations
He highlighted the importance of national reconciliations which were accomplished in several areas in achieving stability and easing the suffering of the citizens.