Account reconciliation

Also found in: Dictionary, Thesaurus, Legal.

Account reconciliation

The reviewing and adjusting of the balance in a personal checkbook to match your bank statement.

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.

Mentioned in ?

reconciliation

References in periodicals archive ?

Core products are T-Recs account reconciliation workflow software, UPCS unclaimed property compliance software, SmartTreasury financial risk management software, and SmartAnalysis bank statement analysis functionality.

Trintech Acquires Reconciliation, Treasury Solutions Firm Chesapeake

Technology is important in the account reconciliation space.

6 tips for reconciliations

Visibility, control, and assurance over the entire financial close using automated account reconciliation software.

Where ERP systems fall short--other software catches up

Depending on the size of the business concerned, this could result in a single account reconciliation that is off by [pounds sterling]1m--even tens of millions.

How automating balance sheet account reconciliation can lead to a real return on investment

Account Reconciliation and Task Management modules from BlackLine Systems

Back in control: manual processes are eliminated--and compliance issues resolved--thanks to software

The sidebar, Challenges of a Manual Account Reconciliation Process, to the right, lists some of the issues weakening internal control over these companies' general ledgers.

Using spreadsheets for reconciliations-an obsolete, risky practice

We believe that adopting our proposal would benefit the government and taxpayers alike by substantially reducing the detailed, time-consuming account reconciliations that currently take place.

Reporting of tax account activity in Quebec

In order to know that an account reconciliation is correct, you first have to know what an account reconciliation is.

Are your account reconciliations accurate?

Account Reconciliation joins Movaris' other products, Financial Close and Sarbanes-Oxley Compliance.

Movaris Inc

After the controller examines all of the above controls and determines none would have found the error, there is yet one more control that might have done the job--balance sheet account reconciliation.

Account reconciliation: an underappreciated control: this procedure has become even more important since Sarbanes-Oxley's passage