What is the meaning of reconciliation in banking?

Answer Reconciliation in banking refers to the task of matching and analyzing the difference between what is shown on a bank statement and the amount displayed in the actual records of the account holder.... Read More »

Top Q&A For: What is the meaning of reconciliation in banking

What Is the Meaning of a Reconciliation Statement?

A reconciliation statement is a form that resolves and explains any differences that may occur between your monthly bank statement and your own financial records. If done correctly, it should give ... Read More »

What Is the meaning of reconciliation of documents?

Reconciliation of documents is a process used to organize various documents originating from different locations (financial documents, especially). This activity occurs mainly in the research, rec... Read More »

What Is the Meaning of Reconciliation of Accounts?

American adults commonly entrust their funds to banks and other financial institutions like credit unions. This is because these institutions offer increased security, interest and other perks when... Read More »

What is the meaning of offshore banking?

As money making instruments have become more creative over the years, the offshore banking sector has become an integral piece of the global financial system. Offshore banking provides an elite lis... Read More »