account reconciliation

Definition

The act of confirming that the balance in one's checkbook matches the corresponding bank statement.

Use this term in a sentence

After doing some account reconciliation I figured out that the balance in my checkbook was the same as my bank statement.

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While performing my periodic monthly account reconciliation I encountered several foreign charges alerting me that the account had been compromised.

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MY CFO didn't understand the balance in the prepaid insurance account so I showed him the account reconciliation to make sense of the balance at the end of the year.

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checking account checkbook register