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.
Account Reconciliation
| Financial & Investment Dictionary: Account Reconciliation |
| 5min Related Video: Account Reconciliation |
Learn More
 | Fundtech Ltd. (Public Company) |
| Empire National Bk Islandia |
| Century Bancorp Inc |
Help us answer these
 | How long do you keep account reconciliations? |
| Why accounts reconciliation needed? |
| How do you complete a wages reconciliation account? |
Post a question - any question - to the WikiAnswers community:
Copyrights:
 |
 | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- Why bank reconciliation is important for accounting?
- Are bank reconciliations used in account payable?
- What is reconciliation?
ADVERTISEMENT
Answer these
- What is accounting reconciliations?
- What is reconciliation of accounts?
- Reconciliation of cost and financial accounts?
Mentioned in
