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Reconciliation of a bill refers to the process of ensuring that the details of a bill or invoice match the corresponding records in accounting or financial statements. This involves comparing the bill against purchase orders, receipts, and payment records to verify accuracy and resolve any discrepancies. The goal is to maintain accurate financial records and ensure that all expenses are accounted for correctly. Reconciliation is essential for effective financial management and reporting.

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1w ago

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Related Questions

When does reconciliation happen in the Senate?

Reconciliation occurs in the United States Senate when budget changes need to be made. The most recent example is Obama's Healthcare bill.


Must the health reconciliation bill get 60 votes to pass?

No. The bill has been voted on and passed by both house and senate.


How do the reconciliation process and process for passing a bill differ?

Passing a bill requires both the House of Representatives and the Senate to pass the same bill. Reconciliation is a part of the process, so that differences between the proposed legislation in each chamber can be bridged and a single, uniform bill can be brought before each chamber for passage.


If senate kills a bill what happens when it goes back to the house for reconciliation?

It gets raped.


What is reconciliation in accounts?

Reconciliation need two many part of accountin cash i.e. bank both are need to rough idia for balance in hand or in bank reconciliation also need for Debtor or Creditor to know the receivable balance or payable balance exect ag. bill or other sources or receipt or payment..


What is accounts reconciliation?

Reconciliation need two many part of accountin cash i.e. bank both are need to rough idia for balance in hand or in bank reconciliation also need for Debtor or Creditor to know the receivable balance or payable balance exect ag. bill or other sources or receipt or payment..


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 is the Omnibus Budget Reconciliation Act?

The Omnibus Reconciliation Act of 1987 set forth new provisions for Medicare and Medicaid sections related to new standards for care in the nursing home.


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