reconciliation statement Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​financialaccounts, ​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)
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