account reconciliation Definition

account reconciliation

Definition

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

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Related Terms

checking account - More

overdraft protection - More

checkbook register - More

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

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account reconciliation is ...

... part of the Accounting, Banking and Investor Relations subjects.

Nearby Terms

accommodative monetary policy
account
account aggregation
account balance
account executive
account reconciliation
account statement
account value
accountant
accountant's letter
accountant's opinion

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Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice