Bank reconciliation

The process of adjusting an Account balance reported by a bank to reflect transactions that have occurred since the reporting date.

Related Terms: 10 Account, Account balance, Action, Balance, Inc., OCC, ROC, ROCE, Repo, Transaction

Other Related Pages: Category: Banking Starting With: B

Additional Related Terms: 10-K, Account, Account statement, Adjusted balance method, Adjusting entry, Account aggregation, Account balance, Active account, Agent bank, Alternate account