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Assuming "AR" refers to "Accounts Receivable" (an accounting/finance term) it can mean several things. Prinicipally, AR reconciliation has to do with double-checking that the current Accounts Receivable (the invoices that a business has put on their "books" for items and services that have been sold to customers but not yet paid for) actually match up against payments that have been received.
In modern businesses, this frequently involves matching up the physical copies of payments or check ledgers from the business's financial institution with the records that the business has kept in their financial management software system.
For example, if you see a check that has been deposited into the bank from a given customer for a specific amount (possibly even with an invoice number reference on it) but the financial software still shows that invoice as "unpaid"...then you have found a discrepancy and you "reconcile" it by updating the financial software to reflect that the invoice has, indeed, been paid.
Conversely, if you find an invoice in the financial software that has been designated as "paid" but you are UNABLE to find a corresponding financial transaction in your banking ledger where the money was deposited, then you would "reconcile" the two by changing the status of the invoice in the financial system to "unpaid".
What else can I help you with?
What is bank reconciliation statement?
Bank Reconciliation Statement
Need for Reconciliation of Cost and Financial Records?
Need for reconciliation of cost and financial accounts
Why do we need reconciliation?
we need reconciliation because it is what reunites us for eg. You have a fight with your best mate, and you hate each others guts, Reconciliation is what brings us back together and not to hate.
How is a debit Memorandum the reconciliation process should be?
bank reconciliation balance per cash book . . .less: debit memorendum
What Need and importance of bank reconciliation statement?
* Bank reconciliation statement ensures the accuracy of the balances shown by the pass book and cash book. * Bank reconciliation statement provides a check on the accuracy of entries made in both the books. * Bank reconciliation statement helps to detect and rectify any error committed in both the books. * Bank reconciliation statement helps to update the cash book by discovering some entries not yet recorded. * Bank reconciliation statement indicates any undue delay in the collection and clearance of some cheques.
What is reconciliation in Tagalog?
Tagalog Translation of RECONCILIATION: pagkakasundo
What is the formula of the sacrament of penance and reconciliation?
foRmula of sacrament of reconciliation
What comes first eucharist or reconciliation?
reconciliation.
What are the types of reconciliation?
types of bank reconciliation
What is bank reconciliation statement?
Bank Reconciliation Statement
What are the types of bank reconciliation?
types of bank reconciliation
What is the category of reconciliation?
the category of reconciliation is the healing category.
Why a bank reconciliation necessary?
why a bank reconciliation necessary
What sacrament does Reconciliation go under?
Reconciliation is a sacrament.
What is the verb for reconciliation?
The verb form for the noun reconciliation is to reconcile (reconciles, reconciling, reconciled).
Can love be a potent instrunent of reconciliation?
It is the only instrument of reconciliation
When was Reconciliation Australia created?
Reconciliation Australia was created in 2001.
