Reconciliation

Loading the player...

Reconciliation is an accounting process in which two sets of records are compared to make sure that the figures are in agreement. These sets of records are usually account balances. In simpler terms, reconciliation is a process that confirms whether the money leaving an account is the same amount that is spent.

 

 

Filed Under: ,

Related Videos

  1. Unexpected Things That Lower Your Credit Score

    Learn how to avoid these lesser-known mistakes that could harm your credit score.
  2. Residual Income

    Discover why this simple calculation can determine whether or not you are eligibe for a loan.
  3. APR vs. APY

    Annual percentage rate and annual percentage yield are two ways companies calculate the amount of interest you can owe. Learn more about them and find out which is the better rate.
  4. 5 Easy Ways To Improve Your Credit

    These five tips will have you on your way to a stronger credit score and better rates.
  5. The Most Effective Way To Eliminate Debt

    Get out of debt quick with these tips.
  6. 5 Ways To Cut Your Food Budget

    Here are five ways to bring your monthly food bill back down to earth.

comments powered by Disqus
Trading Center