bank reconciliation

Definition

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

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Related Terms

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Related Terms on BusinessDictionary

reconciliation

Popular 'Accounting' Terms

current ratio
equity
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revenue
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Tools

bank reconciliation is ...

... part of the Accounting and Banking subjects.

Nearby Terms

bank identifier codes
Bank Insurance Fund
Bank Investment Contract
Bank Note
Bank Rate
bank reconciliation
Bank Secrecy Act (BSA)
bank term loan
Bank Trust Department
bank-eligible issues
banker's acceptance