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16. März 2022 · A reconciliation is a crucial process for businesses of all sizes to maintain accurate financial records. Account reconciliation can help spot errors, fraud, theft, or other negative activity, which can save you money and keep you out of legal trouble in the long run.
The differences in their philosophies are beyond reconciliation. [=cannot be reconciled] [count] a reconciliation of opposing views. RECONCILIATION meaning: 1 : the act of causing two people or groups to become friendly again after an argument or disagreement; 2 : the process of finding a way to make two different ideas, facts, etc., exist or ...
reconciliation: 1 n the reestablishing of cordial relations Synonyms: rapprochement Type of: cooperation joint operation or action n getting two things to correspond “the reconciliation of his checkbook and the bank statement” Synonyms: balancing Type of: equalisation , equalization , leveling the act of making equal or uniform
16. Dez. 2020 · Last Edited January 23, 2023. In Canada, the process of reconciliation is tied to the federal government 's relationship with Indigenous peoples . The term has come to describe attempts made by individuals and institutions to raise awareness about colonization and its ongoing effects on Indigenous peoples. Reconciliation also refers to efforts ...
e. In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period. Reconciliation is used to ensure that the money ...
11. Aug. 2022 · Account reconciliation is an internal control process that compares a company's GL balance with a second source to determine its validity and accuracy. A bank reconciliation, which compares a GL cash balance to an external bank statement, is the most common type of account reconciliation, but it's considered best practice to reconcile all GL ...
reconcile: [verb] to restore to friendship or harmony. settle, resolve.
