reconciliation

Definition

Adjusting one's checkbook balance to match a bank statement.

Use reconciliation in a sentence

The team of accountants worked overtime during the month's end as the bank reconciliation needed to be performed urgently and perfectly.

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Reconciliation of asset accounts is a mandatory monthly, quarterly, and annual closing procedure for all personal, business, and government entities.

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Some account temps were brought in to help with the month end reconciliations. They needed to balance the bank account for month to month, accounting for all transactions.

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lead schedule Revenue Reconciliation Act of 1993