Reconciliation meaning
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This document discusses various types of reconciliation processes used in accounting. It defines reconciliation as ensuring that the money leaving an account matches the amount spent. The document outlines types of reconciliations including balance sheet, bank, general ledger, inter-company, stock, and supplier statement reconciliations. It recommends watching a YouTube video for a deeper explanation of reconciliation and subscribing to the Learning is Divine channel.
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Reconciliation meaning
- 1. By K. Paramkusa
- 2. OBJECTIVES Introduction to Reconciliation. Types of Reconciliation. Example of Reconciliation with BRS.
- 3. MEANING OF RECONCILIATION
- 4. MEANING OF RECON….. In General Meaning Recon… means the action of making one belief compatible with another. Reconciliation is a key process used to determine whether the money leaving an account matches the amount spent. Ensuring the 2 values are balanced at the time of Reconciliation period.
- 5. Types of Recon…. Balance Sheet Reconciliation. Bank Reconciliation Box Management. Custody Reconciliation. General Ledger Reconciliation Inter Company Reconciliation.
- 6. Conn….. Suspense Account Reconciliation. Stock Reconciliation. Supplier Statement Reconciliation.
- 7. MOSTLY USED RECON Bank Reconciliation General Ledger Reconciliation. Inter Company Reconciliation Stock Reconciliation Supplier Statement Reconciliation.
- 8. For deep explanation please watch our favorite channel “Learning is Divine” and Subscribe the Channel. https://youtu.be/S57rQorE3Wo