Meaning of the word "reconcile accounts" in English
What does "reconcile accounts" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
reconcile accounts
US /ˈrɛk.ən.saɪl əˈkaʊnts/
UK /ˈrɛk.ən.saɪl əˈkaʊnts/
Phrase
to compare two sets of financial records to ensure they are consistent and accurate, often done at the end of an accounting period
Example:
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It's important to reconcile accounts monthly to catch any discrepancies early.
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Our accountant spends hours every week to reconcile accounts and ensure everything balances.
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