The process of adjusting the balance in your checkbook to match your bank statement. Your checkbook balance, plus outstanding checks, less bank charges, plus interest (if any), should equal the balance shown on your bank statement.
| Financial & Investment Dictionary: Account Reconciliation |
The process of adjusting the balance in your checkbook to match your bank statement. Your checkbook balance, plus outstanding checks, less bank charges, plus interest (if any), should equal the balance shown on your bank statement.
| 5min Related Video: Account Reconciliation |
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![]() | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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