Meaning of “reconciliation statement” in the English Dictionary


"reconciliation statement" in Business English

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reconciliation statementnoun [ C ]

uk us also reconciliation

ACCOUNTING a document that compares different financial accounts, amounts, etc. in order to check that they add up to the same total or to explain any differences between them:

The company must make available all its bank reconciliation statements.
The auditors will need to see your monthly reconciliations.

(Definition of “reconciliation statement” from the Cambridge Business English Dictionary © Cambridge University Press)