RECONCILE / RECONCILIATION Definition

Bookmark and Share

RECONCILE / RECONCILIATION is the adjusting of the difference between two items (e.g., balances, amounts, statements, or accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).

Learn new Accounting Terms

GRANTOR is the person or entity who transfers property or assets.

IAS is Institute of Asset Management (UK).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.