bank reconciliation

Definition

The process of adjusting an account balance reported by a bank to reflect transactions that have occurred since the reporting date.

Use bank reconciliation in a sentence

You may need to get a bank reconciliation if you have been doing a lot of business lately and need to get caught up.

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There was some bank reconciliation that would be going on before anything else took place and it made us all a little worried.

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Every month Gina was responsible for reviewing the bank reconciliation. She had to make sure all of the entries were in there and striked.

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